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: 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 Derivatives Trading Obligation: Why GRC Teams Should Watch Article 28a Closely

The FCA’s latest announcement on the UK derivatives trading obligation (DTO) landed quietly on July 17, but its impact is more than a short web statement. By invoking its brand-new power of direction under Article 28a of onshored MiFIR, the regulator has replaced the post Brexit Temporary Transitional Power (TTP) transitional regime with a standing...

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...