Regnology acquires VERMEG’s regulatory reporting business
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Regnology acquires VERMEG’s regulatory reporting business 25 November 2024Germany Reporter: Daniel Tison
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Regnology has acquired VERMEG’s regulatory reporting division AGILE, which was previously part of the Lombard Risk portfolio.
This strategic move is in line with Regnology’s commitment to advancing regulatory reporting solutions for banks and financial institutions, supporting the transition to granular data, as well as improving automation and data flow across organisations.
The AGILE solution, currently supporting more than 150 global and international banks, will be integrated into the Regnology platform.
“This gives us the ability to connect regulators and regulated financial institutions across the globe,” says Rob Mackay, CEO of Regnology. “We will continue to invest in our technology and our people, and leverage our new locations to transform legacy reporting processes into an efficient communication network.”
Following the recent acquisition of CG3-1, Regnology says that its combined offering will support both broker-dealer and bank reporting for all types and sizes of regulated financial entities, ranging from Tier 1 banks and broker-deals to local community banks in North America.
Badreddine Ouali, founder and co-CEO of VERMEG, comments: “By joining forces with Regnology, AGILE will benefit from a broader global platform and enhanced opportunities for growth and innovation.”
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