Eliminate Risk. Ensure Accuracy. Meet FSCS Deadlines with Confidence.
Discover SCV Alliance – FSCS SCV Audit Platform, a powerful data enrichment and single customer view tool to track, monitor, remediate and scale up your customer data for FSCS reporting with minimal man-hours.
Book a DemoIs your data comply with FSCS requirements to report on-demand in 24 hours?
Discover SCV Alliance
Fully tried and tested Single Customer View reporting platform to all your challenges around FSCS regulatory reporting, provides
Seamless Data Consolidation
Effortlessly manage and unify large volumes of customer and account data across multiple systems. Enable smarter decision-making and generate accurate, FSCS compliant SCV reports with ease.
Unmatched Data Accuracy
Leverage AI-powered validations and automated controls to eliminate duplication, correct customer data and account segregations inaccuracies, and ensure fully compliant SCV reports, reducing manual effort and risk.
Robust Data Protection & Compliance
Adheres to ISO standards and FSCS compliance requirements with robust data security throughout the regulatory lifecycle, featuring hierarchical security, advanced encryption, and a complex password mechanism to protect SCV output files.
Our 10th Gen SCV Alliance, an intelligence audit platform delivers multi-level validations, empowers granular data insights, and ensures PRA “Green Status Adherence” for
Key Features
Unlock efficiency and accuracy in FSCS SCV regulatory reporting.
Reduce reporting time by 30%
Elevate compliance with SCV Alliance – FSCS SCV Audit Platform, designed for effortless and error-free electronic submissions to RegData ensures significant efficiency gains.
Validations
- Ensure complete confidence in your FSCS SCV reporting with 175+ rigorous data validation checkpoints.
- Our advanced rule engine leverages complex algorithms and external datasets to detect and resolve high and medium-risk data issues, delivering accurate, PRA-aligned reports that meet every FSCS compliance requirement.
Dashboard
- Optimise your FSCS SCV audit and reporting with powerful configuration tools. Easily customise bank profiles, manage customer and account data, and tailor validation logic to your business needs.
- Achieve full compliance with FSCS requirements while improving accuracy and reducing risk through advanced algorithms and business rules.
Smart Comparison
- Maintain a complete audit history and effortlessly compare past and present audit reports to identify trends, measure data quality improvements, and validate remediation efforts.
- Ensure every FSCS SCV electronic submission to RegData meets FCA’s rigorous compliance standards with confidence and clarity.
175-Point Audit Validations
- Ensure complete confidence in your FSCS SCV reporting with 175+ rigorous data validation checkpoints.
- Our advanced rule engine leverages complex algorithms and external datasets to detect and resolve high and medium-risk data issues, delivering accurate, PRA-aligned reports that meet every FSCS compliance requirement.
Comprehensive Dashboard
Gain complete control of your customer data with our interactive single customer view dashboard that visualises FSCS reporting status, highlights data issues for deeper insights, and offers instant access to key modules. All in one seamless experience.
Simplified Bank Configuration & Settings
- Optimise your FSCS SCV audit and reporting with powerful configuration tools. Easily customise bank profiles, manage customer and account data, and tailor validation logic to your business needs.
- Achieve full compliance with FSCS requirements while improving accuracy and reducing risk through advanced algorithms and business rules.
Audit History with Smart Comparison
- Maintain a complete audit history and effortlessly compare past and present audit reports to identify trends, measure data quality improvements, and validate remediation efforts.
- Ensure every FSCS SCV electronic submission to RegData meets FCA’s rigorous compliance standards with confidence and clarity.
Management
- Easily group users based on your business needs and assign specific roles to the groups through enhanced module control.
- Strengthen data integrity, reduce risk, and simplify permissions management across your organisation with enhanced module controls.
- Effortlessly connect your core banking platform via our secure CGI gateway, enabling real-time, two-way data exchange.
- Ensure complete accuracy with automated reconciliation, error handling, and EOD statistics that deliver full transparency and zero surprises.
- Achieve straight-through processing with robust messaging and auto-resubmission for failed transactions—maximising efficiency, data integrity, and FSCS regulatory confidence.
- Generate dozens of reports tick every box for FSCS SCV regulatory compliance requirements with deep data mining and extended analytics through seamless SSIS & Power BI integration.
- Generate detailed reconciliation and effectiveness reports to drive data accuracy, improve decision-making, and ensure strong governance across your FSCS compliance lifecycle.
- Ensure exceptional data accuracy and full FSCS SCV compliance by automatically validating customer data against trusted third-party databases such as FCA DB, Royal Mail DB, Companies House, Charities Register, BFPO Address, and OFAC Sanctions List.
- Minimise risk, reduce errors and stay ahead of regulatory expectations.
Controlled User and Role Management
- Easily group users based on your business needs and assign specific roles to the groups through enhanced module control.
- Strengthen data integrity, reduce risk, and simplify permissions management across your organisation with enhanced module controls.
Seamless Integration with CBS & External Systems
- Effortlessly connect your core banking platform via our secure CGI gateway, enabling real-time, two-way data exchange.
- Ensure complete accuracy with automated reconciliation, error handling, and EOD statistics that deliver full transparency and zero surprises.
- Achieve straight-through processing with robust messaging and auto-resubmission for failed transactions—maximising efficiency, data integrity, and FSCS regulatory confidence.
Data-Rich Reportings & Analytics
- Generate dozens of reports tick every box for FSCS SCV regulatory compliance requirements with deep data mining and extended analytics through seamless SSIS & Power BI integration.
- Generate detailed reconciliation and effectiveness reports to drive data accuracy, improve decision-making, and ensure strong governance across your FSCS compliance lifecycle.
Compliance with Third-Party Data Screening
- Ensure exceptional data accuracy and full FSCS SCV compliance by automatically validating customer data against trusted third-party databases such as FCA DB, Royal Mail DB, Companies House, Charities Register, BFPO Address, and OFAC Sanctions List.
- Minimise risk, reduce errors and stay ahead of regulatory expectations.
Generate SCV reports in 5 simple steps – Fast, accurate, and hassle-free FSCS compliance
Collect & Cleanse
Gather customer and account information from multiple sources and eliminate inconsistencies.
Structure & Enrich
Elevate data quality with intelligent validation and enrichment.
Validate & Transform
Apply smart business rules and compliance checks to ensure accuracy.
Audit & Screening
Perform rigorous checks and validate data with external databases.
Communicate & Engage
Generate and submit FSCS-compliant SCV reports with confidence.
Stop wasting time and money on the manual SCV reporting process. Integrate seamlessly with your existing systems and generate FSCS reports efficiently with automated workflows and pre-configured templates.
Why Choose SCV Alliance?
Compliance without compromise: Scalable, Accurate, and Resilient FSCS SCV reporting
Future-proof your FSCS SCV reporting with a scalable, resilient, and expert-backed solution designed to ensure accuracy, speed, and peace of mind.
Always Stay FSCS Compliant
Periodic upgrades to ensure customers stay ahead of compliance in the ever-changing regulatory environment.
Grow Without Limits
Scale effortlessly with a platform built to handle large and growing datasets, ensuring smooth FSCS SCV reporting no matter your business size.
Expert Consulting
Gain a competitive edge with actionable insights, leveraging 70+ years of combined FSCS expertise to tackle regulatory challenges head-on.
Avoid Penalties, Ensure Accuracy
Eliminate duplicate records and fix data inconsistencies before they become a risk. Protect your business from costly penalties with clean, audit-ready data.
Rapid Implementation, Zero Hassle
Onboard quickly, no matter your legacy system or location. A fast, cost-effective FSCS SCV solution ready to deploy across any environment.
Built-In Resilience for Business Continuity
Ensure uninterrupted FSCS SCV reporting with 99.99% uptime and a secure dual-zone UK hosting model — your compliance is safe, even during disruptions.
We do not spare any effort in ensuring data security and compliance
Our SCV Alliance - FSCS SCV Audit Platform is fully compliant with strict regulations based on recommended industry standards. Flexible and economical architecture ensures strong data protection in a secured Azure Cloud, featuring session-based and secured multi-factor authentication to protect client transmission session data.
Complies with ISO & OWASP standards
SOAP API services
Secure data capture
Robust 256-bit Encryption
Behaviour-based security captcha
Parameter-level validation
Microsoft Enterprise Grade Security
Strong customer authentication
Stringent data retention policies
Periodic VAPT to the webserver
URL copy prevention
Session Management
Latest framework with MVC standards
IP restrictions for Admin Portal
Malware Protection
3D Secure authentication
SAS, EIT, EAR, NLC, Physical and Web App Level Firewall
Asymmetric AES with RSA encryption/Diffie-Hellman
JWS to eliminate complicated installation/upgrading procedures
GUID Implementation
Banks & financial institutions across the world are building their digital transformation journey through our platforms
Our Knowledge Base Resources
CASE STUDY
Unlocking Data Accuracy & Security: Macro Global's Key to The UK Bank's SCV Reporting Success
CASE STUDY
Bridging the Data Gap: A Building Society's Journey to Efficient FSCS Reporting
CASE STUDY
Excel to Excellence: Modernising FSCS Regulatory Reporting in Building Societies
WHITEPAPER
Revolutionising FSCS SCV Reporting: Ensuring Data Accuracy and Integrity by Resolving Technology Challenges
WHITEPAPER
Empower Credit Unions with a Data Management Edge: Mastering FSCS SCV Reporting with MG
WHITEPAPER
FSCS Regulatory Reporting on Cloud: Cloud Adoption of FIs
BUSINESS CASE
Macro Global's SCV Approach and Implementation
BUSINESS CASE
Reconciliation support with CBS Data Reporting
BUSINESS CASE
Data Augmentation with Data Enrichment Process
FAQs
What Is FSCS Protection?
The Financial Services Compensation Scheme (FSCS) is a UK government-backed protection mechanism that covers customers of financial institutions that are insolvent.
Key points regarding FSCS protection:
- Government-backed
- Safeguards deposits, investments and general insurance plans with no upper limit are already protected by FSCS.
- There are restrictions on the amount of compensation that can be sought.
Who Is Covered by the FSCS?
The Financial Services Compensation Scheme (FSCS) covers the following entities and the individuals who fall under these groups:
- Banks
- Building societies
- Credit unions
- Debt management firms
- Funeral plan providers
- Insurance companies
- Insurance brokers or financial advisors
- Investment firms
- Mortgage providers
- Payment protection insurance (PPI) providers
- Pensions providers
- Mutual Societies and Friendly Societies
It’s important to note that eligibility for compensation under FSCS is subject to meeting specific criteria and limits set by the UK regulators, the Financial Conduct Authority, and the Prudential Regulation Authority.
FSCS excludes certain entities, such as investments in peer-to-peer lending, smaller financial products such as pre-paid currency cards and financial services from PayPal, credit unions not authorised by the PRA and the FCA, and investments in non-UK-registered firms. Additionally, FSCS does not cover claims for poor investment performance, company failure due to market forces or poor business decisions, or claims for inconvenience, distress, or disappointment.
To know extensively who are eligible under FSCS protection, click this link:
https://www.fscs.org.uk/check/ and get informed.
When Do the Deposit Takers Submit an SCV File?
Deposit takers must submit a SCV file to the PRA or the FSCS within 24 hours of a deposit takers failure or at the request of the PRA or the FSCS. The 24-hour timeline applies on weekends and public holidays. It is critical for determining potential compensation obligations in the event of insolvency.
What Is FSCS SCV Effective Reporting?
FSCS SCV Effectiveness Report is a report that firms must submit to the FSCS or Prudential Regulation Authority (PRA) upon request.
The report must include information about the firm’s SCV system, how it is implemented, and any keys or code utilised internally.
This information helps the FSCS evaluate the firm’s systems and processes and identify areas for reform.
Firms must also update their SCV effectiveness report annually, including a statement about any major system modifications from the preceding report.
What Is Exclusion File In SCV?
The Exclusion file is a crucial component of the Single Customer View (SCV), which includes customer and depositor information, associated accounts and deposits. The Exclusion file specifies the sort of exclusion from the SCV file, including legally disputed, legally dormant, sanctioned, and beneficiary accounts.
What Is the Reporting Format for Submitting the SCV Exclusion File?
Three SCV Formats:
Format 1: Separate files for each table: customer details, contact info, account details, and aggregate balance details.
Format 2: Two separate files: first contains customer, contact, and aggregate balance details, second accounts details.
Format 3: Combines all four tables into a single file.
What Types of Files Are Accepted by FSCS In Reporting?
The FSCS accepts three file types: Excel (.xlsx), XML (.xml), and Text (.txt or.csv).
How Are the Accounts Excluded Under the SCV Exclusion File?
The excluded accounts typically fall into the following categories:
- Sanctioned accounts: Accounts associated with individuals or entities on a sanctions list.
- Legally disputed accounts: Accounts with formal notices of conflicting claims or legal disputes.
- Legally dormant accounts: Accounts with no depositor-initiated transactions for a specified period.
- Beneficiary accounts: Accounts held on behalf of or for the benefit of another person.
What Currency Denomination Is Offered on Submitting FSCS SCV Reporting?
Compensation from FSCS is paid out in Pound Sterling. The SCV should display the Pound Sterling equivalent of foreign currency balances, as well as the corresponding exchange rates. The Exchange Rate in the SCV and Exclusions View files should be current as of the date demanded by FSCS or the PRA. In general, the spot rate set by the Bank of England is recommended.
Is Your Legacy System Slowing Down Your FSCS SCV Reporting? There's a Fix.
Take Control of Your FSCV Audits: A Powerful, User-Friendly Solution.
Still not convinced? Hear what our clients say
IT Manager, Bank Sepah International plc
London
We have been working with Macro Global for good 7+ years and the team is unique with their approach and hold their patience with limitless iteration to resolve the problem by engaging great attention to detail on root cause analysis. We can rely on them in almost on all critical priorities and their support is second to none. Great bunch of professionals and we look forward working with them for the foreseeable future.
Risk Governance Manager, Riyad Bank
London
RBL has worked with Macro Global for over three years. We find their service to be first class. The team are exceptionally helpful and professional. In our opinion we couldn’t ask for a better business provider and would recommend Macro Global to all concerned.
Head of Compliance, Bank of India U.K. Operations
London
Pleased with the timely delivery, excellent service standards, easy accessibility and professional approach of the Macro global team. From our business experience of the past 5 years, we can say it is a reliable, growing outsourcing firm excelling in execution, customer support and delivery commitments, and helping us to meet the regulatory reporting targets.
Head of Operations, IT & Facilities, ICICI Bank UK Plc
London
I feel that the team at Macro Global is amongst one of the best I have ever interacted with in my career. Their expertise in the subject matter, understanding and documentation of processes, detailing of every step of the project and ability to deliver on regulatory reporting (SCV & CRS) and technology platforms (PSD2) amid tight timelines is commendable. This coupled with an visionary leader – Saro, guiding them is a sure-shot recipe for success. I wish them best of luck and am sure they will grow to even greater heights!
Head of Compliance, Bank of India U.K. Operations
London
Pleased with the timely delivery, excellent service standards, easy accessibility and professional approach of the Macro global team. From our business experience of the past 5 years, we can say it is a reliable, growing outsourcing firm excelling in execution, customer support and delivery commitments, and helping us to meet the regulatory reporting targets.
Risk Governance Manager, Riyad Bank
London
RBL has worked with Macro Global for over three years. We find their service to be first class. The team are exceptionally helpful and professional. In our opinion we couldn’t ask for a better business provider and would recommend Macro Global to all concerned.
Head of Operations, IT & Facilities, ICICI Bank UK Plc
London
I feel that the team at Macro Global is amongst one of the best I have ever interacted with in my career. Their expertise in the subject matter, understanding and documentation of processes, detailing of every step of the project and ability to deliver on regulatory reporting (SCV & CRS) and technology platforms (PSD2) amid tight timelines is commendable. This coupled with an visionary leader – Saro, guiding them is a sure-shot recipe for success. I wish them best of luck and am sure they will grow to even greater heights!
IT Manager, Bank Sepah International plc
London
We have been working with Macro Global for good 7+ years and the team is unique with their approach and hold their patience with limitless iteration to resolve the problem by engaging great attention to detail on root cause analysis. We can rely on them in almost on all critical priorities and their support is second to none. Great bunch of professionals and we look forward working with them for the foreseeable future.
