Clearstream picks Regnology’s Rcloud for cloud-enabled regulatory reporting
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Clearstream picks Regnology’s Rcloud for cloud-enabled regulatory reporting 02 August 2023Germany Reporter: Jenna Lomax
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Deutsche Börse’s Clearstream Banking AG has selected Regnology’s Rcloud technology for cloud-enabled regulatory reporting.
The platform, powered by Google Cloud Platform (GCP), was launched in November 2022 and delivers report submission and reporting data software.
It also offers deployment and infrastructure-as-code services, run and change management automation and self-service via the Regnology Cloud portal.
Regnology’s partnership with Google Cloud, which matches 100 per cent of its electricity consumption with renewable energy purchases, also ensures that sustainability is built into the platform.
Regnology services more than 35,000 financial institutions, 70 regulators and tax authorities that rely on its solutions to process their regulatory reporting data.
Regnology was formed in 2021 when BearingPoint RegTech, a former business unit of BearingPoint Group, merged with Vizor Software, a regulatory and supervisory technology firm.
Volker Riebesell, chief technology officer at Clearstream Banking AG, says: “With our hybrid, multi-cloud strategy, Deutsche Börse Group sets new standards for cloud innovation across the financial services industry.
“We are very satisfied to be one of the first institutions to sign on to the Rcloud platform. In Regnology, we found an excellent partner for the next step on Clearstream’s cloud journey, supporting our clients with state-of-the-art regulatory reporting solutions.”
Maciej Piechocki, chief revenue officer at Regnology, says: “Due to its position and status as one of Europe’s most heavily regulated entities, Clearstream’s selection of Rcloud speaks volumes about their trust in our depth of knowledge and the added scalability and performance benefits of our cloud solution.”
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