Frankfurt, Germany, September 5th, 2024 - Regnology, a leading software provider with a focus on regulatory reporting solutions, announced today that it has been awarded “Regulatory Reporting System of the Year” by Risk.net at the Risk Technology Awards 2024. This accomplishment comes on the heels of several other award wins this year, namely, Central Banking’s 2024 Regulatory Technology Services Award, an A-Team Innovation Award for “Most Innovative Regulatory Reporting Solution”, Best Solution for Tax Compliance at RegTech Insight Awards Europe 2024 and Two FTF News Technology Innovation Awards. This is also the second time that Regnology has been recognized by Risk.net following its win at the Market Technology Awards in the “Regulatory Reporting Product of the Year” category back in November 2023.  

The Risk Technology Awards 2024 recognizes technology vendors that are doing the most to help the industry meet its various challenges in ALM, credit, operational risk, and wider enterprise risk management. As the winner of the “Regulatory Reporting System of the Year” category, Regnology was praised for its ability to provide advanced regulatory reporting capabilities that leverage technological innovation like AI and cloud in order to stay ahead of the needs of the industry, effectively addressing complex regulations and granular data reporting requirements.

Some of the features that contributed to this award win include Regnology’s Rcloud deployment platform, which provides augmented regulatory reporting solutions leveraging the power of Google Cloud’s infrastructure that can seamlessly adapt to evolving regulatory environments. As added validation of Rcloud’s success, Regnology was recently named “Partner of the Year” by Google Cloud in April and has been adopted by over 200 banks from 20 countries. 

Hosted on Rcloud, Regnology Reporting Hub (RRH) provides financial institutions with an automated regulatory reporting platform that streamlines all steps of the reporting cycle. RRH helps clients adapt to the ever-evolving regulatory requirements they must respond to. 

 

"We are excited to have been recognized with this distinction. It is a testament to the strength of our regulatory reporting technology and our ongoing mission to optimize and enhance our product offerings to ensure they meet the needs and challenges of the industry.
As we look to the future, Regnology will keep investing in new technology to streamline the regulatory reporting process ensuring the safety and stability of the financial markets.”

Linda Middleditch, CPO, Regnology

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