Regnology acquires VERMEG鈥檚 regulatory reporting business
25 November 2024 Germany
Image: Maksym/stock.adobe.com
Regnology has acquired VERMEG鈥檚 regulatory reporting division AGILE, which was previously part of the Lombard Risk portfolio.
This strategic move is in line with Regnology鈥檚 commitment to advancing regulatory reporting solutions for banks and financial institutions, supporting the transition to granular data, as well as improving automation and data flow across organisations.
The AGILE solution, currently supporting more than 150 global and international banks, will be integrated into the Regnology platform.
鈥淭his gives us the ability to connect regulators and regulated financial institutions across the globe,鈥� says Rob Mackay, CEO of Regnology. 鈥淲e will continue to invest in our technology and our people, and leverage our new locations to transform legacy reporting processes into an efficient communication network.鈥�
Following the , Regnology says that its combined offering will support both broker-dealer and bank reporting for all types and sizes of regulated financial entities, ranging from Tier 1 banks and broker-deals to local community banks in North America.
Badreddine Ouali, founder and co-CEO of VERMEG, comments: 鈥淏y joining forces with Regnology, AGILE will benefit from a broader global platform and enhanced opportunities for growth and innovation.鈥�
This strategic move is in line with Regnology鈥檚 commitment to advancing regulatory reporting solutions for banks and financial institutions, supporting the transition to granular data, as well as improving automation and data flow across organisations.
The AGILE solution, currently supporting more than 150 global and international banks, will be integrated into the Regnology platform.
鈥淭his gives us the ability to connect regulators and regulated financial institutions across the globe,鈥� says Rob Mackay, CEO of Regnology. 鈥淲e will continue to invest in our technology and our people, and leverage our new locations to transform legacy reporting processes into an efficient communication network.鈥�
Following the , Regnology says that its combined offering will support both broker-dealer and bank reporting for all types and sizes of regulated financial entities, ranging from Tier 1 banks and broker-deals to local community banks in North America.
Badreddine Ouali, founder and co-CEO of VERMEG, comments: 鈥淏y joining forces with Regnology, AGILE will benefit from a broader global platform and enhanced opportunities for growth and innovation.鈥�
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