About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

BearingPoint Partners with IBM for Regulatory Reporting

Subscribe to our newsletter

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.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Hearing from the Experts: AI Governance Best Practices

The rapid spread of artificial intelligence in the financial industry presents data teams with novel challenges. AI’s ability to harvest and utilize vast amounts of data has raised concerns about the privacy and security of sensitive proprietary data and the ethical and legal use of external information. Robust data governance frameworks provide the guardrails needed...

BLOG

FCA Takes Charge: UK Centralises AML Supervision Across Professional Services

The United Kingdom’s decision to centralise Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) supervision under the Financial Conduct Authority (FCA) marks a structural shift that brings professional services oversight in line with the rest of the financial sector. The move aligns the UK with a broader global trend toward consolidation, consistency, and intelligence-led supervision –...

EVENT

AI in Data Management Summit New York City

Following the success of the 15th Data Management Summit NYC, A-Team Group are excited to announce our new event: AI in Data Management Summit NYC!

GUIDE

The DORA Implementation Playbook: A Practitioner’s Guide to Demonstrating Resilience Beyond the Deadline

The Digital Operational Resilience Act (DORA) has fundamentally reshaped the European Union’s financial regulatory landscape, with its full application beginning on January 17, 2025. This regulation goes beyond traditional risk management, explicitly acknowledging that digital incidents can threaten the stability of the entire financial system. As the deadline has passed, the focus is now shifting...