Management and technology consultancy BearingPoint was among the winners at the “FinTech & RegTech Global Awards 2018” by Central Banking. With these newly introduced awards, Central Banking recognizes relevant players in financial and regulatory technology (FinTech and RegTech), such as central banks, supervisory authorities, and technology and consulting companies for the best, most innovative solutions, initiatives and services.

BearingPoint, one of the leading providers of regulatory and risk technology (RegTech/RiskTech), received the award in the category “Best Data Management Solution for Regulatory Compliance” for its Abacus360 Regulator solution. The category recognizes solutions that help standardize heterogeneous data, allowing for its shared use across business units. This is the fourth time in a row that BearingPoint has won an award for its RegTech/RiskTech solutions and services for central banks and regulators.

Rachael King, Chairperson, FinTech & RegTech Global Awards, comments: “Bearing Point has established itself as a leading player in the data management space. As regulators are looking increasingly to data for answers, the need for management solutions has never been more critical. BearingPoint has worked hard to form relationships with a number of regulators across the globe to provide innovative ground-breaking models.”

Maciej Piechocki, RegTech Management Board Member at BearingPoint, comments: “We are delighted that we were able to convince the jury of our expertise and the value of our innovative software. Central banks and regulators face major challenges today. They must process and analyze large amounts of granular data of all kinds. They must also implement a wide range of new regulations and directives within a short timeframe. To tackle these challenges, regulators need intelligent tools and qualified technology partners at their side. The award confirms that BearingPoint, as specialist for RegTech, RiskTech and SupTech, is a strong partner. As testimony to this, we are working harder than ever to bring innovative solutions and to be a reliable partner to our clients in central banking and supervision across the globe. And we continue to explore the use of new technologies, such as AI, big data and blockchain, in supervision.”

The winners of the FinTech & RegTech Global Awards 2018 were announced on September 6, 2018 in Singapore at the first FinTech & RegTech Global Summit. Maciej Piechocki accepted the award for BearingPoint.

Abacus360 Regulator is a solution for risk-based financial supervision and regulatory analysis, including risk calculation and management of regulatory key performance indicators (KPIs). Central banks and supervisory authorities use the software to automatically collect, analyze and pass on regulatory and statistical data.

For more information about BearingPoint RegTech, please visit: http://www.reg.techread more