Innovative platform Abacus360 Banking acknowledged as “Regulatory reporting system of the year” by Risk.net
Frankfurt, July 28, 2021 - BearingPoint RegTech, a leading international provider of innovative regulatory, risk, and supervisory technology solutions, has won the prestigious Risk Technology Award for “Regulatory reporting system of the year” awarded by Risk.net. With the Risk Technology Awards, the publisher honors vendors that are doing the most to help the industry meet its various challenges in the fields of asset and liability management, credit and operational risk, as well as wider enterprise risk management.
This year, BearingPoint RegTech convinced the jury, consisting of technology users and the editors of Risk.net, with the flexibility of their Abacus360 Banking software. The flexible platform helps its customers to effectively respond to the evolving and increasingly complex regulatory requirements as well as the volatility from the COVID-19 pandemic. The software combines innovative calculation engines with an all-encompassing data dictionary enabling banks to adapt to changing requirements while controlling costs.
We are very proud that Risk.net honored our Abacus360 Banking solution. The award shows that our regulatory reporting software delivers a wide functional range, which enables banks to significantly optimize their reporting processes. Due to the innovative design of our platform, we can respond to changes in regulations very quickly. We enable our customers to report consistently and reliably in a changing environment.
Bodo Windmöller, Senior Vice President Product Management at BearingPoint RegTech
Abacus360 Banking is a standard software for national and international prudential reporting, statistical reporting as well as granular reporting and ad-hoc reporting. Renowned financial institutions representing more than 1,000 reporting entities use BearingPoint RegTech’s reporting solutions for their regulatory reporting, among them a major part of the most important European banks under direct SSM supervision, insurers, and financial service providers.
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