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Case Study:

South African Reserve Bank

Project description

ERSD B Forms & C Forms Digital and Analytics Solution
Classification
High Priority Tier One Project
Project Duration
October 2018 – March 2024
Country
South Africa

The Challenge

The South African Reserve Bank’s Economic Statistics and Research Department (SARB ERSD) relied on manual, time-consuming processes to capture and process critical financial industry forms (B Forms and C Forms). These forms feed directly into the calculation of national inflation indexes and assessments of country-wide financial stability - data that informs South Africa’s monetary policy and macroeconomic decision-making.

Key challenges included:

  • Highly sensitive financial data requiring stringent regulatory compliance
  • Complex, dual-project workflows running simultaneously under Tier One priority
  • Need for near real-time insights instead of weeks-long manual aggregation
  • Requirement for a robust, scalable, and future-proof analytics platform

Our SARB ERSD Solution

Digital Knowledge, through Senior Solution Architect, Data Architect and Data Engineer Robert Dobson, delivered a complete turnkey Business Intelligence and Custom Development solution using an Agile delivery framework.

  • Transformed weeks of manual data processing into near real-time insights
  • Enabled SARB’s statistics department to calculate inflation indexes and assess national financial stability with greater speed, accuracy, and confidence
  • Delivered an agile, robust, high-performance reporting platform supporting current and future requirements
  • Provided a powerful combination of self-service analytics, strategic dashboards, and custom operational reporting
  • Significantly reduced human error and improved data integrity for macroeconomic policy decisions

 

The solution was designed for both on-premise stability and regulatory-grade security while enabling daily analysis and near real-time reporting.

The SARB ERSD solution replaced manual form capture with a governed digital and analytics platform. Data from the B Forms and C Forms is captured, validated and stored in an Operational Data Store, then modelled into Data Marts that feed reporting and analysis. A custom Financial Calculation Engine applies the required calculations consistently, and interactive dashboards give the statistics team immediate access to the results.

Because the South African Reserve Bank uses this data to inform monetary policy and financial stability assessments, accuracy, auditability and security were designed in from the start. The Agile approach allowed the SARB ERSD team to review progress in short cycles and refine requirements as the platform took shape over the life of the project.

Premium Solutions

SARB ERSD Results & Business Impact

  • Transformed weeks of manual data processing into near real-time insights
  • Enabled SARB’s statistics department to calculate inflation indexes and assess national financial stability with greater speed, accuracy, and confidence
  • Delivered an agile, robust, high-performance reporting platform supporting current and future requirements
  • Provided a powerful combination of self-service analytics, strategic dashboards, and custom operational reporting
  • Significantly reduced human error and improved data integrity for macroeconomic policy decisions
SARB ERSD Key Solutions

Technologies We Used

Data engineering and platforms icon
Microsoft Development Stack

Microsoft Stack: SQL Server, .NET Core, ASP, C#, JavaScript

Business intelligence and analytics dashboards icon
Oracle Business Intelligence Stack

Oracle Stack: Oracle DB, Oracle PL/SQL, Oracle ODI, OBIEE

Data science and predictive analytics icon
Custom Financial Engineering

Custom development of Financial Calculation Engine

AI and advanced analytics icon
Data Modelling & ETL Architecture

Star Schema Data Modelling, ETL Automation, Operational Data Store & Data Marts

Next Steps

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