In today’s ever-evolving regulatory reporting environment, financial institutions face mounting pressure to monitor and report a wide range of complex exposures, liquidity, transactions, ownerships and tax obligations, and to comply with various regulatory requirements. At Regnology, we have an in-depth understanding of these challenges and have developed a platform that streamlines end-to-end regulatory reporting workflows for regulators and regulated firms across Europe.

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Risk Tech Awards 2023 - Interview with Regnology CEO, Rob Mackay

Regnology dedicates its expertise solely to regulatory reporting, serving over 35,000 financial institutions and corporates, more than 70 regulators, international organisations and tax authorities, and Europe’s largest regulatory reporting utility. This focused community-led approach allows Regnology to address the increasing costs and complexity of regulatory reporting requirements, providing faster responses to regulatory changes.

They offer a comprehensive solution, covering financial regulatory reporting, transaction reporting, tax reporting, internal risk reporting and Solvency II reporting. The platform supports multiple frameworks, including template-based reporting, cube-based reporting and granular data. Embracing the latest protocols and reporting standards such as data point modelling, the Banks’ Integrated Reporting Dictionary and the Integrated Reporting Framework, Regnology helps financial institutions prepare for the future of regulatory reporting, no matter what this might entail. 

We are honoured to receive the Risk Technology Award 2023 for Bank regulatory reporting system of the year. This award reflects our ongoing commitment to innovation and our unwavering focus on delivering best-in-class regulatory reporting solutions that enable our clients to thrive in a rapidly evolving regulatory landscape and anticipate the future of regulation.

Rob Mackay CEO
Regnology

The company’s newly launched Rcloud solution, developed in collaboration with Google Cloud, enhances regulatory reporting capabilities. Rcloud leverages cloud technology to deliver at scale its best-of-breed solutions with flexibility, scalability and data sovereignty in more than 30 regions.

Regnology’s commitment to addressing emerging challenges is evident through its environmental, social and governance (ESG) module, which offers banks an efficient solution for ESG data and reporting. The module covers various reporting regimes, including the European Banking Authority’s disclosure requirements and the European Union Taxonomy Regulation.

Through strategic mergers and acquisitions over the past year, Regnology has expanded its technological capabilities and geographic reach. Most notable among these are the acquisitions of the Tax Information Reporting software business from PwC UK, Belgian regtech firm b.fine, KPMG’s K-Helix, Metadata Technology and, more recently, Invoke Software, which have bolstered Regnology’s offerings, enabling it to provide enhanced reporting efficiency and accuracy.

Regnology also continues to invest in research and development, with 48% of its workforce devoted to this discipline. The company’s ongoing investment in talent and innovation fuels its ability to accelerate technological advancements.

Judges said:

  • “Impressive growth in scale and integration. A big year for Regnology.”
  • “Extensive coverage of a variety of needs, not just narrow external regulatory reporting.”
  • “Helpful to both sides of its user base that it serves both regulators and regulated firms.”

By enabling compliance with standardised reporting requirements, ad hoc requests and enquiries from supervisors, Regnology’s regulatory platform helps financial institutions adapt to increased regulation and tighter supervision. In response to the dramatic shift in the risk landscape, the platform also addresses climate risk, sustainable finance, interest rate risk and reporting on non-performing exposures, aligning with the industry’s growing concerns.

 

 

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