A bank whose regulatory subledger produces a different number from its general ledger has a reconciliation problem. It also has a disclosure risk.
Elixir delivers SAP S/4HANA for banking and insurance core operations, Salesforce Financial Services Cloud for relationship management, and Agent Vault AI for credit decisioning, AML monitoring, and regulatory reporting. Basel III, IFRS 9, IFRS 17, and FATF frameworks built into the system, not reported around it.
Basel III
Capital adequacy, liquidity coverage, and leverage ratio compliance configured in SAP from blueprint, not reported around it
IFRS 9 and 17
Expected credit loss modelling and insurance contractual service margin calculation in SAP S/4HANA
AML agents
Transaction monitoring, suspicious activity routing, and KYC document validation via Agent Vault inside the banking system
Multi-jurisdiction
CBUAE, RBI, SEBI, FCA, and DFSA regulatory reporting generated from one SAP landscape without a parallel reporting system
$2.7 trillion in global banking revenues faces structural disruption by 2030 from fintech, embedded finance, and open banking. Banks that remain on disconnected core systems, running regulatory reporting outside their GL, will absorb that disruption rather than deflect it. The technology to close the gap exists. Most banks have not integrated it.
The real problem
A bank that manages its capital adequacy in one system and its regulatory reporting in another has a reconciliation problem every quarter end.
Elixir's BFSI practice delivers SAP S/4HANA for banking and insurance core operations with regulatory compliance embedded in the data model and transaction record. Basel III capital adequacy, IFRS 9 expected credit loss calculation, IFRS 17 contractual service margin, and AML transaction monitoring are all configured in SAP during the build phase. The regulatory subledger and the general ledger produce the same number from the same data source.
Agent Vault AI agents handle the high-volume compliance processes that consume analyst capacity. Credit application scoring with model explainability for Basel III. KYC document classification and enhanced due diligence routing. AML transaction monitoring and SAR filing preparation. Regulatory report generation and exception flagging before submission deadlines. Every agent operates within defined confidence thresholds with a named human supervisor for escalations.
Core banking and ERP
SAP S/4HANA for banking operations and IFRS
General ledger, treasury management, and asset accounting with regulatory subledger. IFRS 9 and IFRS 17 accounting built into SAP. Basel III capital adequacy from the same transaction data as management accounts. Regulatory subledger and GL reconcile automatically without a parallel reporting system.
Credit and risk management
Credit decisioning with Basel III compliance and explainability
Credit application scoring agents with explainability documentation for every decision. Expected credit loss calculation in SAP. Risk-weighted asset reporting automated. Basel III and IFRS 9 regulatory capital and provision numbers reconcile to the GL.
AML and KYC compliance
Transaction monitoring and identity verification agents
AML transaction scoring agents within FATF and CBUAE and RBI guidelines. KYC document classification and enhanced due diligence routing. Sanctions screening integrated. SAR filing preparation automated. Compliance team reviews flagged cases only.
Regulatory reporting
Multi-jurisdiction submission from one SAP landscape
CBUAE, RBI, SEBI, FCA, and DFSA reports generated from the same SAP data model as management accounts. Automated reconciliation between SAP subledger and regulatory submission. Exception flags before submission deadlines give compliance teams time to investigate.
Insurance operations
Policy administration, claims, and IFRS 17
SAP FS-ICM for insurance policy administration and commission settlement. IFRS 17 contractual service margin calculation in SAP. Claims routing and adjudication agents for standard claim types. Reinsurance settlement and bordereau reconciliation automation.
How Elixir thinks about it
The decisions that determine the outcome.
Regulatory capital adequacy calculated from a system different from the management accounts is not a compliance process. It is a reconciliation process. Every quarter, the same numbers, reprocessed, because the systems were not designed to agree.
AML transaction monitoring that generates alerts no human ever clears is not a risk management programme. It is a liability. The agent must operate within a threshold. A named supervisor must own the escalation. The programme must be auditable from the first transaction.
IFRS 17 is not a reporting standard. It is a data model. If the contractual service margin calculation does not live inside the same SAP environment as the policy administration system, every disclosure period begins with a manual assembly exercise.
Who we work with
Find your organisation.
Retail and corporate banks
You lead a retail or corporate bank. Your Basel III capital adequacy calculation and your management accounts run on different systems. Your AML alerts are processed by analysts rather than by supervised agents working within defined thresholds. Your regulatory reporting is assembled manually before every submission deadline.
Core banking ERP and CRM on SAP and Salesforce
Retail and corporate banks need a GL that matches the regulatory subledger, a CRM that reflects the current relationship state, and compliance controls in every transaction. Elixir implements SAP S/4HANA Banking with the regulatory subledger connected to Salesforce Financial Services Cloud. Basel III, IFRS 9, and local central bank frameworks configured at blueprint.
Insurers and reinsurers
You lead an insurance or reinsurance operation implementing IFRS 17. Your contractual service margin calculation, your liability for remaining coverage, and your policy administration system do not share a data environment. Your period-end close requires a manual consolidation step that adds days to the reporting cycle.
IFRS 17, claims automation, and distribution management
Insurers implementing IFRS 17 need the contractual service margin calculation, the liability for remaining coverage, and the loss component allocation in the same system as policy administration. Elixir implements SAP FS-ICM with IFRS 17 accounting, claims routing agents, and distribution management. Reinsurance settlement and treaty accounting included.
Capital markets and asset managers
You run a capital markets firm or asset manager. Your trading operations, treasury management, and fund accounting require a manual reconciliation to the general ledger. Your MiFID II or EMIR reporting is assembled from three sources before every submission.
Trading, treasury, and fund accounting on SAP
Capital markets firms need trading operations, treasury management, and fund accounting connected to one GL without manual reconciliation. Elixir implements SAP S/4HANA with trading and treasury modules, market data feed integration, and IFRS 9 fair value measurement. Regulatory reporting for MiFID II and EMIR included.
Credentials
Why Banking organisations work with Elixir.
SAP Gold Partner
S2Integrators. Regulatory subledger, IFRS 9, IFRS 17, and Basel III implementations across Gulf, India, and UK banking environments.
IFRS 17 delivery track record
Contractual service margin and liability for remaining coverage implementations in CBUAE-regulated insurance environments.
AML and KYC in production
Agent Vault transaction monitoring agents deployed within FATF, CBUAE, and RBI frameworks. Named human supervisors on every escalation path.
Forrester-verified ROI methodology
Consistent with the 403% ROI, $9M NPV framework applied across financial services transformation programmes.
How it works
Four phases. Named practitioners throughout.
01/ 04
Regulatory assessment
Review of current core banking, GL, and regulatory reporting architecture. Basel III, IFRS 9 or IFRS 17, and local central bank compliance gap analysis. AML and KYC process audit. Platform recommendation and compliance architecture design in two weeks.
Blueprint
SAP S/4HANA configuration design for the regulatory subledger, GL, and compliance modules. AML and KYC agent scope. Salesforce FSC architecture. Integration design between SAP, Salesforce, and core banking systems.
Build and test
SAP configuration, Salesforce implementation, and Agent Vault deployment for credit, AML, and KYC. Regulatory report reconciliation testing. UAT with compliance, finance, and risk teams. Parallel run for IFRS 17 or Basel III calculations.
Go-live and compliance operations
Cutover and hypercare. First regulatory submission from the new SAP landscape. Elixir Agentic Operations monitors AML, credit, and KYC agent performance. Monthly compliance metrics reported to the CRO and CFO.
From the practice
What Elixir publishes on this.
Basel III in SAP S/4HANA: configuring the regulatory subledger so the capital adequacy report and the general ledger always reconcile
Read
IFRS 17 implementation in SAP: contractual service margin, liability for remaining coverage, and the period-end close sequence for insurers
Read
AML transaction monitoring with AI agents: defining confidence thresholds, escalation rules, and the SAR filing workflow
ReadRegulatory compliance built into the system architecture. Not reported around it.
A BFSI specialist will review your regulatory obligations, your current SAP and CRM estate, and the compliance gaps. Basel III, IFRS, and AML architecture recommendation in two weeks.
Platforms
SAP S/4HANA BankingSAP FS-ICMSalesforce FSCSnowflakeCompliance and standards
Basel IIIIFRS 9 and 17FATF AMLCBUAE and RBI and FCARelated expertise
Risk and ComplianceData and AnalyticsAgentic AIRelated solutions
Finance TransformationData and AI SolutionsBusiness Process Outsourcing