Regnology and Moody’s partner on risk and regulatory compliance
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Regnology and Moody’s partner on risk and regulatory compliance 21 November 2023Germany Reporter: Lucy Carter
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Software provider Regnology has partnered with Moody’s Analytics to provide a full end-to-end risk and regulatory compliance solution for select global markets.
Combining both companies’ specialised regulatory reporting coverage, the solution uses data modelling, best-in-class calculation capabilities, extensive risk coverage and advanced analytics to ensure efficiency and compliance with regulatory reporting standards across markets.
The product has been developed in response to an increasingly complex regulatory landscape, which has prompted the need for more granular-level data and, in turn, automation and scalability. The partnership between the two companies will allow both to scale more easily, adapt to new business and regulatory changes and embrace innovative technologies.
Clients will benefit from Moody’s regulatory compliance Banking Cloud and Regnology’s regulatory reporting platform Rcloud. Using these cloud-native solutions, which have modular and configurable services, will improve the speed of risk analytics and reporting and increase efficiency, the companies say.
Rob Mackay, Regnology CEO, says: "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 for banking at Moody’s Analytics, comments: "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.”
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