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

SOFGEN’s REG-Reporter Selected By One of the Largest Banks in the World

Subscribe to our newsletter

SOFGEN Holdings (SOFGEN), an international banking IT consulting firm, announced today that its wholly owned subsidiary, SOFGEN Americas, has signed NY Branch of Sumitomo Mitsui Banking Corporation (SMBC), wholly owned subsidiary of Sumitomo Mitsui Financial Group (SMFG), as a REG-Reporter client. SMFG offers a broad range of financial services centered on banking as well as leasing, securities, credit card,venture capital, and other credit related businesses.

SMBCis one of the largest banks in the world today based on total assets of ¥115,484.9 billion and over 493 domestic branches and 58 overseasoffices including subsidiaries.

“Many banks are still preparing and filing their regulatory reports manually. They have not employed the use of an end-to-end solution to reduce their report preparation time, which would afford them quality time for analyzing,” stated Vincent Raniere, EVP, Global Head of Product Sales at SOFGEN.

Raniere continued, “Our solution automates the end-to-end generation of the reports required by regulatory agencies resulting in significant reductions in time, effort, and expense. Additionally, our in-house team diligently keeps the software and regulatory reports up-to-date so those accountable for preparing and submitting reports will have peace of mind knowing that their reports will be in line with mandated changes, which continue to be quite extensive.”

“We are pleased to add this major Japanese institution to the growing REG-Reporter user community and being a trusted partner to assist with their regulatory reporting requirements,” further commented Raniere.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: GenAI and LLM case studies for Surveillance, Screening and Scanning

As Generative AI (GenAI) and Large Language Models (LLMs) move from pilot to production, compliance, surveillance, and screening functions are seeing tangible results – and new risks. From trade surveillance to adverse media screening to policy and regulatory scanning, GenAI and LLMs promise to tackle complexity and volume at a scale never seen before. But...

BLOG

From London to New York: How Regulators and Firms Are Re-Drawing the AI Compliance Map

As artificial intelligence (AI) reshapes financial services, regulators and industry leaders are converging on a shared challenge: how to balance innovation with accountability. At A-Team Group’s recent RegTech Summit London, the conversation moved beyond theory into practice, with the Financial Conduct Authority (FCA) and leading firms outlining how principle-based regulation, collaborative testing, and emerging “agentic...

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 Global LEI System – A Solution for Entity Data?

The Global LEI System – or GLEIS – has been in development since the middle of last year. Development has been patchy at times, but much has been done, leaving fewer outstanding issues, but also raising new questions. What’s emerging is a structure for the GLEIS going forward, complete with a mechanism for registering and...