Frankfurt am Main, October 29, 2020 - BearingPoint RegTech, one of the leading international providers of innovative supervisory, regulatory and risk technology solutions (RegTech/RiskTech/SupTech), has won one of the prestigious "FinTech & RegTech Global Awards" by Central Banking. With these awards, Central Banking honors pioneering, innovative products and solutions and successful partnerships among central banks and supervisory authorities as well as the broader practitioner market.
This year, BearingPoint RegTech convinced the jury with the new generation of its Abacus Regulator platform and received the award in the category "Cloud-Native Solutions Partner". This category recognizes solutions designed for the cloud services, which enhance business processes across central banks, regulators, or supervisory authorities.
BearingPoint RegTech has become a household name among the central banking community. Over the past few years, they have looked for ways to continue to stay ahead of the evolving technology and integrate it within their offerings. They have worked extensively with the community to ensure their new products can help central banks make better use of their regulatory data.
Rachael King, chair of Central Banking’s FinTech & RegTech Global Awards
The Central Banking Award in the category "Cloud-Native Solutions Partner" is another important milestone for us and shows that we are on the right track. SupTech solutions must be scalable and extensible to enable regulators to move forward with their innovation agendas.
Daniel Kämmerer, Product Manager for Abacus Regulator at BearingPoint RegTech
I am very proud that we were able to convince the Central Banking jury with the latest version of our Abacus Regulator platform again this year. The award confirms the quality and functionality of our innovative and upgraded SupTech platform. We are pleased that our solution helps central banks and supervisory authorities to focus on their core activities and on digitalization in an increasingly complex regulatory landscape. In doing so, we contribute to the transparency and stability of the financial markets.
Dr. Maciej Piechocki, Member of the Management Board at BearingPoint RegTech
Abacus Regulator is a modern and flexible SupTech platform for collecting and managing supervisory and statistical data for central banks and supervisory authorities. It provides essential functionalities for data analysis and can be adjusted with national requirements. In this way, it helps regulators to manage the increasing amount of data as well as complex supervisory workflows, so that they can focus on their core activities and primary tasks, such as maintaining the integrity of the financial system and providing consumer protection. The Abacus Regulator architecture is cloud-native and supports effective horizontal scaling. However, the solution does not necessarily have to be hosted in a (public) cloud.
BearingPoint is an independent management and technology consultancy with European roots and a global reach. The company operates in three business units: The first unit covers the advisory business with a clear focus on five key areas to drive growth across all regions. The second unit provides IP-driven managed services beyond SaaS and offers business critical services to its clients supporting their business success. The third unit provides the software for successful digital transformation and regulatory requirements. It is also designed to explore innovative business models with clients and partners by driving the financing and development of start-ups and leveraging ecosystems.
BearingPoint’s clients include many of the world’s leading companies and organizations. The firm has a global consulting network with more than 10,000 people and supports clients in over 75 countries, engaging with them to achieve measurable and sustainable success.
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BearingPoint RegTech, a business unit of management and technology consultancy BearingPoint, is a leading international provider of innovative regulatory, risk, and supervisory technology solutions (RegTech, RiskTech, and SupTech) and services along the Regulatory Value Chain for financial services. Customers representing 6,000 firms worldwide, among them large international banks, a major part of the largest European banks, leading insurance companies as well as supervisory authorities and central banks, trust BearingPoint RegTech’s products and services. BearingPoint RegTech works closely with regulators and, as a member of standardization bodies such as XBRL, actively contributes to the standard-setting process. BearingPoint RegTech combines regulatory know-how with proven, reliable and forward-looking RegTech solution suite, expert consulting capabilities, managed services and training seminars.
For more information, please visit: www.reg.tech
Press contact BearingPoint RegTech
Head of RegTech Marketing & Communications
Phone: +49 69 13022 3666
Tel. +49 89 540338029