The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

BearingPoint Partners with IBM for Regulatory Reporting

Management and technology consultancy BearingPoint last week confirmed a new regulatory reporting partnership with IBM Services. The joint venture will allow financial institutions to outsource their regulatory reporting processes, and covers both the business processes and technical operation as well as software maintenance and further development.

The offering will target small to medium-sized clients, who are already struggling with the steadily increasing regulatory requirements.

“New regulations such as AnaCredit and MREL [minimum requirement for own funds and eligible liabilities], new data models, and challenging timeslines for new regulatory requirements threaten to exceed the capacities of smaller institutions,” says BearingPoint.

“We see growing demand for business process outsourcing services in the market as smaller institutions find it increasingly difficult to keep pace with regulatory requirements in terms of workload, financial and risk aspects,” adds Jean-Henrik Zitterbart, Industry Leader Banking & Financial Markets DACH at IBM.

“This is one of the reasons why we strengthened our team a year ago with an operational reporting specialist team and have already taken over the technical reporting for several clients. Our joint offering with BearingPoint is based on a standardized solution and processes that enable economies of scale.”

Related content

WEBINAR

Recorded Webinar: Deploying knowledge graphs in the real data management world

Knowledge graphs that link data across a wide and diverse range of sources, incorporate both structured and unstructured data, visualise connected data, and provide in-depth contextual search capabilities that deliver business insight without moving data offer great potential for financial institutions. Their use cases range from advanced data integration, unification and analytics to specific functionality...

BLOG

A-Team Extends, Expands and Releases 2021/2022 Edition of Regulatory Data Handbook

Don’t miss the latest edition of A-Team Group’s Regulatory Data Handbook, a publication dedicated to helping you gain a full understanding of regulations related to your organisation from the details of requirements to best practice implementation. The 2021/2022 handbook covers more than 40 regulations, providing you with a detailed description of each regulation including its...

EVENT

Virtual Data Management Summit London (Redirected)

Now in its 8th year, the Data Management Summit (DMS) in London explores the shift to the new world where data is redefining the operating model and firms are seeking to unlock value via data transformation projects for enterprise gain and competitive edge.

GUIDE

Regulatory Data Handbook 2021/2022 – Ninth Edition

Welcome to the ninth edition of A-Team Group’s Regulatory Data Handbook, a publication dedicated to helping you gain a full understanding of regulations related to your organisation from the details of requirements to best practice implementation. This edition of the handbook includes a focus on regulations being rolled out to bring order and standardisation to...