Let’s Start a Conversation
Whether you have a specific question or want to explore how we can help transform your data journey, our experts are ready to assist.
How Akbank Achieved Full Automation in Regulatory Reporting with Magic Reports
Akbank set out to modernize its regulatory reporting and data governance infrastructure by automating critical reporting processes and ensuring full traceability and compliance with national regulations.
In partnership with GTech, Akbank implemented Turkey’s largest Data Governance and Regulatory Reporting Project, powered by Magic Reports, GTech’s locally developed reporting platform. The project enabled Akbank to generate over 175 regulatory and control reports from a single financial data model fully automated, error-free, and audit-ready.
Measurable Impact: Transforming Regulatory Reporting at Scale
Akbank’s transformation set a new benchmark for regulatory precision and operational excellence in modern banking.
Here’s what fully automated, model-based reporting delivered:
175
Standard and control reports automated via a unified financial data model
100%
Regulatory reporting process automation, minimizing manual effort and error
Challenge
Akbank, like all banks operating in Turkey, is required to submit accurate and timely regulatory reports to official institutions on a regular basis.
However, growing regulatory complexity and data volume created major challenges in maintaining accuracy, speed, and transparency.
- Manual reporting processes increased operational workload and left room for error and inconsistencies.
- Multiple data sources complicated data integration, validation, and reconciliation.
- Lack of centralized governance made it difficult to meet evolving audit and compliance requirements.
- Time-consuming cross-checks and control reports delayed reporting cycles and increased risk exposure.
Solution
To address these challenges, GTech deployed its fully automated regulatory reporting and data governance platform—Magic Reports tailored to Akbank’s needs and powered by a unified financial data model.
- Modernized Akbank’s entire regulatory reporting infrastructure using GTech’s locally developed Magic Reports platform.
- Automated the production of 175+ reports and control documents across departments, with no manual intervention.
- Established a common financial data model to unify reporting logic, eliminate redundancy, and enable rapid ad-hoc reporting.
- Integrated data from multiple sources and ensured full data validation, transformation, and quality assurance.
- Enabled dashboards for real-time monitoring of compliance processes, audit tracking, and cross-checking requirements.
Turning Data into Real-World Results
With Magic Reports, Akbank successfully implemented Turkey’s largest regulatory reporting and data governance transformation strengthening compliance, improving data reliability, and setting a new industry standard for automation and accuracy.
Locally Developed Technology
Magic Reports, GTech’s native solution, tailored to local regulatory needs.
Centralized Financial Data Model
Simplified reporting, minimized duplication, and enabled fast insights.
Dashboard-Driven Monitoring
Real-time tracking of compliance tasks and regulatory milestones.
Minimized Human Error
Automated workflows reduced manual intervention and boosted report accuracy.
Enhanced Operational Efficiency
Streamlined cross-functional collaboration between business and IT teams.