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Whitepaper: Cloud as SupTech Enabler
2022/1/11
To leverage the benefits of the cloud, you do not need to move there completely.
The evolving regulatory reporting requirements are leading to an increase of data volumes and associated processing workloads and for software solutions to the necessity of higher levels of availability as well as shorter update cycles for the regulatory logic. Side effects of this development are growing IT maintenance and management efforts by regulators. Similar issues are encountered in the area of data management across industries, from automotive to health care. Often, harnessing the power of the cloud has been key to tackling these issues. We are convinced that the adoption of the cloud is the most promising way forward also for regulators around the globe. With cloud-native software solutions, such as our new generation of Abacus Regulator, we are ready to embark on a collaborative cloud journey with regulators, taking into consideration concerns about data and operations sovereignty with our innovative “Metadata Cloud” (MC) approach.
Whitepaper: Cloud as SupTech Enabler
Insight
Regnology, together with its industry partner Clearstream in Singapore, conducted a PoC for a new, two-staged concept to improve upon the current regulatory reporting system.
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This article outlines the architectural principles that are crucial prerequisites for successful SupTech applications and
provides a brief outlook on how we perceive the future of regulatory reporting in the context of SupTech.
Insight
This is the third and final article in a series of Chartis Points of View that explore the evolution of regulatory reporting technology and the context in which it is changing.
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