Regnology has teamed with Moody’s Analytics to launch an end-to-end risk and regulatory reporting solution in select global markets. The collaboration brings together Regnology’s expertise in regulatory reporting with Moody’s Analytics’ integrated risk assessment capabilities.
The combined solution offers data modelling, best-in-class calculation capabilities, extensive risk coverage and advanced analytics to achieve regulatory reporting excellence and efficiencies. The solution is aimed at addressing the increasing complexity across the regulatory landscape that has resulted in growing demand for granular-level data, making the need for automation and scalability more important than ever.
Regnology and Moody’s Analytics have both moved to cloud-native solutions with modular and configurable services, allowing respective solutions to easily scale, adapt to future business and regulatory changes, harnessing latest innovations, including AI enabled services.
Moody’s Analytics cloud-native ‘Banking Cloud’ in synergy with Regnology’s ‘Rcloud,’ a hyperscale cloud-based regulatory reporting platform, together support swifter risk analytics and reporting and amplifies efficiencies throughout the entire regulatory lifecycle.
According to Regnology CEO Rob Mackay, “Moody’s Analytics is renowned for its deep understanding of data analytics and risk management. By combining our expertise in regulatory reporting and data with their cutting-edge technologies and unmatched reputation, we are confident that we can deliver a comprehensive risk and regulatory reporting solution with global coverage to our clients.”
Adds Jacob Grotta, General Manager, Banking, Moody’s Analytics: “Regulatory compliance is one of the most critical challenges faced by financial institutions today. With our combined efforts and complementary expertise, this collaboration will yield benefits for the entire financial industry.”
Regnology was formed in 2021 when BearingPoint RegTech, a former business unit of BearingPoint Group, joined forces with Vizor Software, a global leader in regulatory and supervisory technology. With an exclusive focus on regulatory reporting, Regnology has more than 35,000 financial institutions, 60 regulators, international organizations, and tax authorities using its solutions to process their regulatory reporting data.
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