Solutions for Banks & Other Financial Institutions
Regulatory reporting, regulatory management and tax reporting
With our solutions for regulatory reporting, regulatory management, regulatory tax reporting and client tax reporting, we enable banks and other financial institutions to increase the efficiency of their processes.
Our regulatory reporting solutions for financial institutions cover prudential, statistical, granular, European and local reporting requirements, e.g., Basel III/IV, ESG, AnaCredit, IREF, among others. A unified data model for different reporting regimes leads to high data quality. Customers can benefit from support and services from professional services, regulatory watch, managed services, SaaS and cloud to BPO.
Our solution enables financial institutions to execute prudential reporting, statistical reporting, granular reporting, and ad hoc reporting according to the requirements of the EBA, ECB, SRB and national supervisory authorities. It also allows the management of regulatory KPIs incl. forecasting and simulation. Learn more.
For Austrian banks, we have developed a solution for template-based and cube-based regulatory reporting, in order to fulfill national and international legal requirements. The standardized input-approach has been jointly developed by the Austrian National Bank (OeNB) and Austrian banks. Learn more.
Our tried and tested reporting solution is installed and successfully used for reporting by approximately 230 banks, making it the market leader in regulatory reporting software in these countries. Find out more.
Our APRA Connect reporting software is an API-powered solution that allows regulatory changes to be validated and consumed instantly. It delivers perfect return data using the same technology and rules engine as APRA.
Our MAS regulatory reporting software is an API-powered solution that allows regulatory changes to be validated and consumed instantly. It delivers perfect return data using the same technology and rules engine as MAS.
Financial institutions are facing the major challenge of having to fulfill the tax authorities’ ever-changing regulatory requirements. Many banks have clients with assets all over the world and their requests for tax reports have increased. Our tax reporting solutions offer financial institutions the possibility to cover both client tax reporting as well as regulatory tax reporting and facilitate harmonized data management.
Learn more about our standard software for international client tax reporting and calculation. It enables financial institutions to produce country-specific tax reports for various assets and end-customers around the world.
Find out about our standard software for regulatory tax reporting that enables financial institutions to fulfil requirements of tax authorities around the world. The solution covers AEOI/CRS, FATCA, DAC6/MDR, QI and TRACE reporting.
Banks, investment firms, asset managers and other financial institutions have to comply with a number of transaction-based regulatory regimes, such as the European Market Infrastructure Regulation (EMIR), the Money Market Statistical Reporting (MMSR), the Markets in Financial Instruments Directive II/Regulation (MiFID II/MiFIR) and the Securities Financing Transactions Regulation (SFTR). With our software solution, we help our clients to meet the requirements of several types of transaction reporting.
The RegTech sector is growing in importance within the risk technology landscape, something we have recognized by adding a RegTech category to our RiskTech100® awards this year. BearingPoint’s ongoing work in this area is reflected in its award, and its top 30 ranking.
Rob Stubbs, Head of Research at Chartis / November 2018, Press release
The risks of noncompliance with tax reporting obligations under such regimes as FATCA are too great for financial institutions to ignore. Yet, compliance can be operationally burdensome and costly without the right tools in place. With FiTAX, BearingPoint has managed to automate the reporting process and reliably provide a solution that is kept up-to-date with new regulatory requirements, removing many of the pain points for banks in their reporting obligations.
Brad Maclean, co-founder and Executive Chairman Regulation Asia / December 2018, Press release
With the ABACUS/Transactions MIFIR module, we provide asset managers with a user-friendly solution to submit their MiFIR reports to the FMA on a daily basis in a largely automated manner. BearingPoint has proven itself to be a competent solution provider, whose software helps us to offer our customers a comprehensive service and to facilitate their compliance with current regulatory requirements.
Tino Kesseli, Head of IT at CSL Corporate Services / November 2018, Press release