Regnology, a software provider with a focus on regulatory reporting solutions, announced a collaboration with Moody’s Analytics, bringing together two established market participants with the aim of “providing a full end-to-end risk and regulatory reporting solution in select global markets.”
As the regulatory landscape continues “to evolve and change, this collaboration will enable Regnology and Moody’s, the global integrated risk assessment provider, to combine their specialized regulatory reporting coverage and offer a best-in-class solution covering in-depth regulatory requirements across the financial markets.”
This holistic solution will “combine data modeling, best-in-class calculation capabilities, extensive risk coverage and advanced analytics to achieve regulatory reporting excellence and efficiencies.”
Increasing complexity across the regulatory landscape “has resulted in growing demand for granular-level data, making the need for automation and scalability more important than ever.”
Regnology and Moody’s Analytics have both “moved to cloud-native solutions with modular and configurable services, allowing respective solutions to easily scale, adapt to future business and regulatory changes, harnessing latest innovations, including AI enabled services.”
Moody’s Analytics innovative ‘Banking Cloud’ — a cloud-native technology for regulatory compliance — in synergy with Regnology’s ‘Rcloud,’ a hyperscale cloud-based regulatory reporting platform, “provides clients with a dynamic duo of tools.”
This powerful combination enables swifter risk analytics and “reporting and amplifies efficiencies throughout the entire regulatory lifecycle.”
Rob Mackay, CEO of Regnology, 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.”
Jacob Grotta, General Manager, Banking, Moody’s Analytics, 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.”
