Financial institutions are struggling with ever-increasing regulatory requirements. New regulations such as AnaCredit as an entry point into granular reporting, the sheer volume of data to be processed — which must be submitted in numerous monthly and quarterly reports to the supervisory authorities — as well as tight deadlines, threaten to exceed the capacity of the institutions. The crucial challenge is to strike a balance between effort, cost and risk.
With their joint solution, Regnology and IBM address the challenges that financial institutions face in regulatory reporting. The solution enables financial institutions to outsource their regulatory reporting processes, including both outsourcing specialized processes and technical operations as well as software maintenance and further development.