Regnology increases its footprint in the Netherlands

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FIBR opts for Abacus360 Banking as Managed Service to automate regulatory reporting process

FRANKFURT, Germany and AMSTERDAM – (BUSINESS WIRE) – Regnology, an international provider of innovative regulatory, risk and oversight technology solutions (RegTech, RiskTech and SupTech), is expanding its customer base in the Netherlands. As part of the ongoing digital transformation, FIBR (trading name of Amsterdam Trade Bank NV) has selected Regnology’s flagship product, Abacus360 Banking, as a managed service to automate its regulatory reporting processes.

FIBR focuses on providing essential finance to support SMEs across Europe and has combined the stability of a bank with the agility and technology of a fintech. Fueled by retail savers, the FIBR enables local authorities to support the growth of SMEs at national and European level. FIBR partners with FIBR Tech Ltd., which is focused on creating financing solutions for small and medium businesses across the UK, including business loans, revolving credit facilities and home loans.

Jaap Boersma, CTO at FIBR, said: “The complexity of regulatory reporting continues to increase. To fully focus on our core business, we have decided to embark on a vast journey of digitization to streamline processes wherever possible. We are confident that Abacus360 Banking as Managed Service will make regulatory reporting much easier for us by automating the process. With Regnology, we strive to create a more scalable banking environment.

Alexander Turlot, Country Lead The Netherlands at Regnology, added: “I am delighted that with FIBR we have once again convinced a well-known financial institution of the added value of our innovative software solutions. We look forward to working together on the journey of digitalization and helping the FIBR to meet regulatory requirements more easily and efficiently in the future. ”

Abacus360 Banking is standard software for national and international prudential reporting, statistical reporting as well as granular reporting and ad-hoc reporting. Renowned financial institutions representing more than 1,000 reporting entities use Regnology’s reporting solutions, including many of the most important European banks under direct supervision of the SSM, insurers and financial service providers.

About FIBR

FIBR is the connected digital bank that powers loans to SMEs across Europe, both directly and indirectly through local lenders such as Creditshelf. FIBR is the new trading name of Amsterdam Trade Bank NV under which the new SME strategy will be deployed. It is the only European bank focused solely on supporting SMEs, combining the stability of a bank with the agility and technology of a fintech. Its highly automated technology platform enables its lenders to finance SMEs quickly and efficiently while providing business owners with access to a range of working capital and guaranteed loan products at fair rates.

FIBR’s management team has a solid background in entrepreneurship, technology and lending at companies like Pave, New10, Revolut and Goldman Sachs. Based in the Netherlands and with a partner company in the UK, FIBR employs over 130 people.

About regnology

Regnology is a leading international provider of innovative technology solutions for regulation, risk and oversight (RegTech, RiskTech and SupTech), AEOI and tax reporting products, as well as services across the entire tax chain. regulatory value for financial services. Regnology has been a partner of banks and regulators for 25 years. Until the end of 2020, the company was part of the BearingPoint group and operated under the name BearingPoint RegTech. Since the sale of the RegTech business to the private equity firm Nordic Capital, the company has been independent. In June 2021, the company partnered with Vizor Software and recently changed its name to Regnology. In total, Regnology serves more than 7,000 financial services companies with reporting solutions. At the same time, the company enables more than 50 regulators and tax authorities on five continents to collect data from 34,000 companies in 60 countries. Regnology has a total workforce of over 770 employees across 17 offices in 12 countries.

For more information visit:

www.regnology.net

www.vizorsoftware.com

Regnology press contact

Sandra Hering

RegTech Marketing and Communication Manager

Telephone: +49 69 13022 3666

Source: Regnology


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