Regnology to acquire polish regulatory reporting provider FINGO

Frankfurt, Germany, 17 December 2024 - Regnology, a leading software provider with a focus on regulatory reporting solutions, announced today that it will acquire FINGO, a Polish provider of last-mile regulatory reporting solutions with over 600 clients in seven European Union (EU) countries. FINGO is widely used in Poland, with strong ties to cooperative banks in the country, and servicing several other major financial and supervisory institutions in the EU.  

FINGO offers five distinct products covering EBA and local Polish reporting requirements. These offerings include its eON, aSISt and ION reporting solutions, along with its inSISt (XBRL validation solution) and tranSIS (supervisory solution) products.

Capitalizing on its best-of-breed strategy, FINGO’s offering will be incorporated into Regnology’s solution lines. This integration will rely on its component-based model to make the joint offering more robust and broaden its reach across various jurisdictions and geographies. Regnology also plans to leverage FINGO’s local talent and expertise, investing in the development of the location as a central engineering and services hub, benefiting the whole organization.

The acquisition is contingent upon receiving customary antitrust clearances.

“We are excited to continue our expansion trajectory coming off on the heels of a series of strategic acquisitions. With FINGO's impressive presence in Poland and across the EU, we are confident their expertise will help strengthen our regulatory reporting solutions for our ever-expanding footprint. This represents another opportunity for Regnology to extend its distinctive capability of serving both banks and regulatory bodies and connect them through our holistic RegTech/Suptech offering.”

Maciej Piechocki, Chief Revenue Officer, Regnology

“In a dynamically changing regulatory environment, clients need more comprehensive, efficient, and scalable solutions that will help them effectively adapt to new requirements. The combination of both companies will enable us to deliver advanced end-to-end solutions that will enhance the efficiency of reporting processes”.

Robert Marek, CEO and Co-founder, FINGO

“By uniting our strengths, we will offer a wider range of products, drive innovation, and achieve dynamic growth, setting more ambitious goals and tackling larger projects."

Piotr Malczak, Co-founder and Chief Product Officer, FINGO

“The acquisition of FINGO is a key opportunity to further enhance our RegTech and Suptech services. Their experienced team has in-depth knowledge of the Polish financial regulatory market as well as a solid foundation in UK and Eastern Europe. This will help broaden our European reach and make our global offering even more robust.”

Bobby Rahman, Head of M&A, Regnology