FRANKFURT, Germany--(BUSINESS WIRE)--Management and technology consultancy BearingPoint, a leading provider of Risk and Regulatory Technology (RiskTech/RegTech), was selected as the “Regulatory Reporting Firm of the Year” at the Finance Monthly Fintech Awards. The judges panel honored BearingPoint for its innovative Abacus360 Banking, an integrated platform for regulatory reporting, risk calculation and controlling regulatory KPIs.
Mark Palmer, Editor-in-chief at Finance Monthly, commented: “After seeing a very interesting 2016 with start-ups mushrooming across the global FinTech landscape, here at Finance Monthly we are very excited to be able to celebrate the individuals and companies whose dedication to innovation, enthusiasm and hard work help make this industry more dynamic and exciting year upon year.” The Fintech Awards acknowledge and reward individuals, firms, start-ups and banks who are recognized as leaders and thought leaders in their area of expertise. Award nominations are open to those that devise and design new financial technology, those that implement systems, and those who adopt new systems and technology - which in turn enhances customer experience.
Maciej Piechocki, Partner at BearingPoint, commented: “Being recognized with the Fintech award for our integrated platform Abacus360 once again shows that innovative FinTech or RegTech solutions are not only the realm of start-ups. With almost 25 years of experience in regulatory management, BearingPoint is a well-established company that supports all players along the regulatory value chain with its innovative software solutions. More than 5,000 customers, among them large international banks and a major part of the largest European banks as well as supervisory authorities and central banks, trust BearingPoint’s RegTech products and services. This award clearly reflects our high coverage of regulatory and risk.”
Abacus360 Banking is BearingPoint’s next generation product for risk management and regulatory reporting. It is based on the proven Abacus platform, which is the result of more than 20 years of regulatory experience. It offers standardized reporting modules for numerous jurisdictions, modules for risk calculation and valuation, such as simulation and risk quantification, as well as additional comprehensive functional components for regulatory analytics. Abacus360 Banking is based on a new optimized data model to ensure long-term maintenance sustainability even under constantly changing framework conditions. A new innovative calculation engine that uses technologies like in-memory processing, grid architecture, and the cloud, enables a significant increase in performance and operational flexibility.
For more information about BearingPoint’s RegTech product line, please visit: http://www.reg.tech.
About Finance Monthly
Finance Monthly is a global publication delivering news, comment and analysis to those at the center of the corporate sector. Finance Monthly reports on the news and topics that matter to the CEOs, CFOs, investors, company directors, entrepreneurs, and SMEs that make up our valued readership. We’re a multi-platform publication, offering global finance news coverage both online and in digital formats, distributed to 195,880 people each month. Finance Monthly provides a balanced mix of insight and analysis driven by our editorial policy of reporting on topical news which affects the financial world. We also publish special reports and surveys designed to provide a deeper understanding of the recent trends in M&A or PE, for example. Many of our editorial pieces feature contributions from respected industry analysts and commentators to help provide quality editorial for our readers.
For more information, please visit: http://www.finance-monthly.com
BearingPoint is an independent management and technology consultancy with European roots and a global reach. The company operates in three units: Consulting, Solutions and Ventures. Consulting covers the advisory business; Solutions provides the tools for successful digital transformation, regulatory technology and advanced analytics; Ventures drives the financing and development of start-ups. BearingPoint’s clients include many of the world’s leading companies and organizations. The firm has a global consulting network with more than 10,000 people and supports clients in over 75 countries, engaging with them to achieve measurable and sustainable success.
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