German software provider Regnology has ent;ered into a partnership with Moody’s Analytics to improve financial regulatory risk and compliance solutions.
Through the collaboration, the parties aim to offer a full end-to-end risk and regulatory reporting solution in certain global markets.
The partnership between Regnology and integrated risk assessment provider Moody’s will merge their expertise in regulatory reporting. This will enable them to provide a solution that comprehensively addresses the diverse regulatory requirements within the financial markets.
According to Regnology, the solution will combine data modelling, calculation capabilities, extensive risk coverage, and advanced analytics to maximise regulatory reporting excellence and efficiencies.
Regnology CEO Rob Mackay said: “Working with Moody’s Analytics marks an exciting milestone for Regnology. Moody’s Analytics is renowned for its deep understanding of data analytics and risk management.
“By combining our expertise in regulatory reporting and data with their cutting-edge technologies and unmatched reputation, we are confident that we can deliver a comprehensive risk and regulatory reporting solution with global coverage to our clients.”
Moody’s Analytics Banking Cloud, a cloud-native technology for regulatory compliance, is expected to synergise with Regnology’s hyperscale cloud-based regulatory reporting platform, Rcloud. This collaboration aims to provide customers with a dynamic pair of tools, said the German software firm.
The combination will facilitate quicker risk analytics and reporting, and increases efficiencies across the entire regulatory lifecycle.
Moody’s Analytics banking general manager Jacob Grotta said: “We are delighted to join forces with Regnology to offer our customers a comprehensive end-to-end regulatory reporting solution.
“Regulatory compliance is one of the most critical challenges faced by financial institutions today. With our combined efforts and complementary expertise, this collaboration will yield benefits for the entire financial industry.”
