Aligning operational & external reporting

Company overview

Virgin Money was founded in 1995 as Virgin Direct and operated as a personal finance company. The ‘Virgin Money’ brand was introduced in 2000, expanding in 2012 with the purchase of Northern Rock from the Government.

Virgin Money’s ambition is to build a bank that makes everyone better off - customers, colleagues, communities, corporate partners and the company. With a powerful brand, strong balance sheet, customer focused culture and experienced Executive team, Virgin Money are creating the UK’s leading challenger bank, delivering our different approach to banking to almost three million customers.

Virgin Money are an extensive user of the Oracle product set using Oracle E-Business Suite (EBS), OBIEE and Essbase alongside ERPi and EPMA, to manage financial data.


Virgin Money describes the situation before the Risk & Regulatory Reporting Project was initiated:

“Virgin Money was facing the following financial reporting challanges:

  • Reporting process issue during critical periods
  • Poor response times to changing reporting requirements
  • Skilled resources performing maintenance and reconciliation
  • Manual report creation
  • No audit trail of changes to reports or manipulation of data;

We engaged Seismi to improve our approach to master data governance, help improve the end-to-end visibility of data and help improve our ability to automate interfaces.

We recognised that without a strategic approach to master data we would have difficulty delivering the flexible and scalable solution which would allow us to adapt to the dynamic and challenging regulatory environment in which we operate.”

Our Objectives


Govern Oracle E-Business Suite (EBS R12)


Publish value sets and alternative report hierarchies to EPMA and Essbase


Manage multi-dimensional report definitions and mappings to OBIEE


Seismi delivered an Oracle DRM solution as a key pillar in Virgin Money’s “Risk & Regulatory” project which allowed Virgin Money to change the way they manage financial reporting:

  • Reduce Errors: Robust data model with data and business rule validation;
  • Reduce Risk: User access control, versioning, auditing, automation;
  • Drive Change: Change management tool;
  • Provide Transparency: facilitate reconciliation between the various views of financial data in the business
  • Deliver Accountability: Centralised control and audit trail of changes to reports

Why Chose Seismi?

"Seismi have demonstrated a rare combination of technical expertise and business insight, becoming an integral member of our team. This project has improved our financial processes by increasing the transparency and integrity of our data, and most importantly aligning our external regulatory reporting with our internal management reporting.

The solution that Seismi have helped deliver has been very well received, giving senior stakeholders confidence not only in the reports we produce today, but also that we can quickly and efficiently change our external and internal reporting to respond to future challenges."

Programme Manager

“Seismi's combination of business and technical skill was a major factor in the success of this project: delivering end-to-end visibility of data”

Programme Manager
Get in touch