Frankfurt, May 10, 2016 – Ranking among the leading providers of regulatory technology (RegTech), management and technology consultancy BearingPoint has won IT Europa’s “Enterprise Solution of the Year” at the 2016 European IT & Software Excellence Awards. This award category recognizes the accomplishments of companies that have implemented their IT solutions in large organizations and thereby significantly contributed to positive transformations of operations, processes or go-to market strategy. BearingPoint’s ABACUS/DaVinci facilitates banks’ ability to be in compliance with fulfilling the requirements of obligatory complex reports. The successful application of ABACUS/DaVinci enabled Santander to simultaneously transition away from their previous software package while remaining in compliance with their reporting obligations. The judges commented that BearingPoint’s ABACUS/DaVinci “deserves this award for achieving an impressive implementation within a short time-frame, which demonstrated apparent good results across the client’s business.” The winners were chosen from 86 finalists representing 21 countries.
With so many high-scoring entries, choosing outright winners in each category was particularly hard this year. It is also fascinating to see how the entries reflect the changes in the industry … this year we have had many entries showing solutions based on data and its management and analysis. This shows how responsive the industry is, particularly among the software developers and ISVs (Independent software vendors) who are so determined to deliver results for their customers.
John Garratt, panel chair judge and editor of IT Europa.
We are very pleased to be acknowledged among the winners of the 2016 European IT & Software Excellence Awards. It is a recognition of our expertise as an international provider of market-leading RegTech solutions, and Santander is just one example of the many successful implementations of our software. We anticipated that information technology would be forming the future of regulatory reporting and are happy to be regarded as being at the forefront of this development.
Bodo Windmoeller, Partner at BearingPoint
The European IT & Software Excellence Awards are the only pan-European awards that recognize the crucial role that ISVs, Solution Providers and Systems Integrators play in delivering real world solutions. This year, the European IT & Software Excellence Awards was held for the 8th time and drew over 400 entries from more than 30 countries. These awards are granted to IT solutions that have gotten to the heart of the matter to solve customer issues and have resulted in realizing better business practices, a clearer understanding of data, and more efficient and profitable outcomes.
Andreas Rindler (center), Partner at BearingPoint, receives the award from IT Europa.
About the Abacus Solution Suite
With the Abacus Solution Suite, BearingPoint offers banks, insurers, financial services providers, central banks, and supervisory authorities innovative Regulatory Technology (RegTech) along the regulatory value chain. Over 240 customers from approximately 1,900 domestic and foreign reporting entities trust the Abacus Solution Suite products. BearingPoint provides strong experience and a unique product and service offering in the area of regulation, ranging from consulting to managed end-to-end services, from proprietary specialist reporting software to ongoing training.
For more information, please visit: www.abacus-solution-suite.com.
BearingPoint consultants understand that the world of business changes constantly and that the resulting complexities demand intelligent and adaptive solutions. Our clients, whether in commercial or financial industries or in government, experience real results when they work with us. We combine industry, operational and technology skills with relevant proprietary and other assets in order to tailor solutions for each client’s individual challenges. This adaptive approach is at the heart of our culture and has led to long-standing relationships with many of the world’s leading companies and organizations. Our global consulting network of 9,700 people serves clients in more than 70 countries and engages with them for measurable results and long-lasting success.
For more information, please visit: www.bearingpoint.com