WINDSOR, CT, 8 February, 2024 – SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced a strategic partnership with Regnology, a leading regulatory reporting technology company, to help clients tackle upcoming regulatory requirements. SS&C Algorithmics will combine its risk calculations with Regnology’s regulatory reports to help clients meet the European Banking Authority’s Interest Rate in the Banking Book (IRRBB) reporting requirements. The deadline for implementation of the new Asset Liability Management (ALM) reporting is September 2024.
Sven Maecker, Senior Specialist Reg & Tech, DKB
The partnership creates an extensible framework to support both regulatory and management needs for ALM IRRBB and Liquidity Risk regulations. The offering streamlines regulatory and risk management workflows, reduces operational complexities and enhances efficiency with an end-to-end cloud-enabled offering. The risk and reporting solution spans data input and powerful calculations to streamlined reporting workflows for report creation and submission. Leveraging SS&C Algorithmics’ risk calculations and more than 10,000 validation rules from Regnology enables the delivery of accurate and smooth regulatory reports.
The joint solution addresses:
“This partnership is a testament to our shared commitment to innovation in financial risk management. Our combined expertise and technology will empower financial institutions with best-in-class solutions to navigate the complexities of risk and compliance. Moreover, SS&C’s cloud-based infrastructure will enable the delivery of solutions quickly to meet upcoming deadlines without extensive internal infrastructure development.”
Mina Wallace, Senior V.P. and General Manager, SS&C Algorithmics
“The collaboration between Regnology and SS&C Algorithmics is poised to harness the strengths of both entities. SS&C Algorithmics' expertise in risk analytics complements Regnology's integrated and regulatory reporting experience to create a powerful offering to address the evolving needs of financial institutions.”
Rob Mackay, CEO of Regnology
About SS&C Technologies
SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. Some 20,000 financial services and healthcare organizations, from the world's largest companies to small and mid-market firms, rely on SS&C for expertise, scale, and technology.
SS&C (Nasdaq:SSNC) is available at www.ssctech.com.