Regnology, a software provider with a focus on regulatory reporting solutions, announced it has entered into a definitive agreement to acquire Wolters Kluwer’s Finance, Risk & Regulatory Reporting (FRR) unit.
The proposed acquisition represents a strategic step in Regnology’s aim to deliver regulatory intelligence at scale—bringing together “complementary capabilities across finance, risk, and regulatory reporting.”
It also expands Regnology’s presence in key markets and strengthens its ability to support financial institutions with “granular data, jurisdiction-specific requirements, and cross-border compliance.”
Clients will benefit from a unified platform that combines Regnology’s cloud-first architecture with FRR’s established capabilities, “offering scalable solutions for both heritage and cloud-ready environments.”
The transaction is expected to close in the coming months, “subject to regulatory approvals, applicable employee requirements and customary conditions.”
Rob Mackay, CEO of Regnology said:
“We look forward to supporting clients with a unified platform that helps them modernize their infrastructure, navigate Basel IV, and prepare for the future of regulatory reporting.”
As reported earlier this year, Regnology announced that it has been awarded a grant from the Gates Foundation.
The funding will support the development of financial consumer protection capabilities aimed “at empowering financial regulators in LMIC (Low and Middle-Income Countries) to safeguard consumers and promote financial inclusion.”
The growth in Digital Financial Services (DFS) has brought “previously unbanked individuals into the financial system, driven by players who are often more significant than traditional banks in many LMIC markets.”
However, with this access come new risks, “including rising fraud, data misuse, and hidden charges, which cause material harm to vulnerable consumers.”
Reducing consumer harm by identifying and mitigating these risks early is key to boosting “financial inclusion and maintaining trust in the financial system.”
The grant will be allocated to “extend the capabilities of the Regnology Supervisory Hub (RSH) Data Collection solution enabling regulators to capture granular, near-real-time data from DFS providers and leverage analytics to support regulatory decision-making and prevent consumer harm.”
Additionally, by facilitating a buy-and-build approach, the solution will empower regulators to “leverage a standardized SupTech platform and template reports at a lower cost but with the flexibility to configure to meet their needs.”
Unlocking the potential of financial consumer protection, this initiative will deliver the following:
- Regulatory Capabilities: LMIC regulators can better identify and mitigate financial and market conduct risks
- Financial Inclusion: Enhanced transparency, safeguarding of interests, and improved accountability, particularly for underserved populations that increasingly rely on digital financial services (DFS).
- Scalable Solutions: Demonstrating the module’s effectiveness will set a precedent for broader implementation.