Bank regulatory reporting system of the year: Regnology

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. Software provider Regnology has demonstrated an in-depth understanding of these challenges and has developed a platform that streamlines end-to-end regulatory reporting workflows for regulators and regulated firms across Europe.

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.

Regnology offers 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. 

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.

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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