Vizor, now part of Regnology, and BearingPoint RegTech recently announced the creation of a major new global Supervisory Technology (SupTech) and Regulatory Technology (RegTech) powerhouse. The new group provides best-in-class solutions across the regulatory value chain and connects regulators and the financial industry across the globe.
In explaining the rationale behind the creation of the new group, Vizor´s ex-CEO and founder CEO, Conor Crowley says, “it isn’t just a SupTech vision. It isn’t just about the regulators collecting the perfect data. It starts with the financial institutions preparing and filing perfect data. The vision is really the coming together of RegTech and SupTech. We believe the future is a blurring of lines between RegTech and SupTech.”
The CEO of BearingPoint RegTech, Jürgen Lux says it’s the right time for a partnership like this, “what we’ve seen 10 years ago with the financial crisis and even now with the pandemic, we have seen how critical a good financial reporting system is. And that is the passion of both companies and both management teams.”
Hear more on how SupTech and RegTech will work together in November’s RegTech Convention.