Regnology has teamed up with Moody’s Analytics to offer a complete end-to-end risk and regulatory compliance solution for specific global markets. This new solution combines the specialized regulatory reporting coverage of both companies, using data modelling, top-notch calculation capabilities, extensive risk coverage, and advanced analytics to ensure efficiency and compliance with regulatory reporting standards across various markets. The reason behind developing this product is the increasingly complex regulatory landscape, which has prompted the need for more detailed data and, in turn, automation and scalability. The partnership between the two companies will allow them 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, is confident that the partnership will result in delivering a comprehensive risk and regulatory reporting solution with global coverage to their clients. He mentioned, “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, adds that the collaboration will yield benefits for the entire financial industry. He commented, “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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