Awarding innovative companies and individuals in the banking and FinTech industry
We are pleased to announce that BearingPoint RegTech has been shortlisted for the Banking Tech Awards 2020. The Banking Tech Awards are presented for the 21st time and recognize excellence and innovation in the use of IT in financial services worldwide and the people who make it happen. BearingPoint RegTech has been shortlisted in the category “Best Use of RegTech”, which honors a successful implementation of regulatory technology focused on a financial institution that has helped a bank reach their objectives, benefitted the users, and/or solved a problem.
The Banking Tech Awards are hosted by FinTech Futures, a digital publishing platform and knowledge hub for the worldwide fintech community, providing daily news, in-depth analysis, and expert knowledge.
BearingPoint RegTech has been nominated as a finalist for the Banking Tech Awards 2020 with its RegTech Factory, a digital, fully integrated and automated "reporting factory" that helps to achieve significant economies of scale for participating banks and financial service providers. Outsourcing of IT and processes not only gives the opportunity to reduce the costs and efforts for the operation of the reporting system but also helps to ensure business continuity – even in disruptive situations like COVID-19. The RegTech Factory draws on over 25 years of experience in developing regulatory reporting software and over 15 years of Managed Service delivery.
The winners will be announced on December 3, 2020. Due to COVID-19 this year’s ceremony will be broadcasted online. More details to the virtual format will follow in the coming weeks.