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: Best practices for buy-side data management across structured and unstructured data

Data management is central to asset management, but it can also be a challenge as firms face increased volumes of data, data complexity and the need to consolidate structured and unstructured data to gain valuable insights, improve decision-making, step up customer acquisition and compliance, and ultimately, gain competitive advantage in a market characterised by tight...

BLOG

Embracing a New Age of Post-trade Transparency

By Anne Plested, MCSI, Senior Product Manager for Regulation, ION Markets. Incentives for change Earlier last year, as part of the UK Wholesale Markets Review (WMR), the Financial Conduct Authority (FCA) published its PS23/4 policy statement on Improving Equity Secondary Markets. Promising to remove the most burdensome and unnecessary regulatory requirements, this policy aims to...

EVENT

ESG Data & Tech Briefing London

The ESG Data & Tech Briefing will explore challenges around assembling and evaluating ESG data for reporting and the impact of regulatory measures and industry collaboration on transparency and standardisation efforts. Expert speakers will address how the evolving market infrastructure is developing and the role of new technologies and alternative data in improving insight and filling data gaps.

GUIDE

Regulatory Data Handbook 2024 – Twelfth Edition

Welcome to the twelfth edition of A-Team Group’s Regulatory Data Handbook, a unique and useful guide to capital markets regulation, regulatory change and the data and data management requirements of compliance. The handbook covers regulation in Europe, the UK, US and Asia-Pacific. This edition of the handbook includes a detailed review of acts, plans and...