BearingPoint’s RegTech product unit expands partner ecosystem

Frankfurt/Madrid, June 5, 2019 – Management and technology consultancy BearingPoint, which ranks among the leading providers of Regulatory and Risk Technology (RegTech/RiskTech), announced today that its RegTech product unit has formed a partnership with consulting and outsourcing provider everis for regulatory reporting in Spain.

everis is an NTT DATA Company, dedicated to consulting and outsourcing, with a unit specialized in Financial Supervision, which provides the professional services profiles in Spain that, combined with BearingPoint’s established regulatory reporting software Abacus, offers a full solutions and service offering for regulatory reporting to financial institutions in Spain.

Our partner ecosystem is essential for our international growth, because there is a strong demand in the market for off-the-shelf regulatory reporting solutions like Abacus and related consulting and outsourcing services. Our cooperation with everis is a milestone of our international growth strategy and will help us to respond faster to local market requirements.

Dr. Maciej Piechocki, Chief Sales Officer RegTech at BearingPoint

Business success in the current collaborative economic environment is in many occasions a result of a symbiosis between two market leaders that together serve the clients better than separately. We are positive that this is a good example, and our expectation is that everis and BearingPoint together will produce extraordinary results.

Jose Pablo Carbonell, CEO of everis in Europe

BearingPoint has been working for years with a strong network of cooperation partners in order to ramp up the collaborative work around the Abacus Solution Suite. In 2017, BearingPoint launched a Solutions Alliance Partner program with leading consulting firms. The aim of this initiative is to respond faster to market requirements and offer tailored solutions to better suit needs and preferences of clients.

BearingPoint’s Abacus platform is currently being used by approximately 2,700 small, medium and large international banks and insurers in over 20 European countries to meet their reporting obligations in compliance with Basel III, MiFID II/MiFIR, EMIR II, Solvency II and further regulations. The software is available as an on-premise installation and as a Software-as-a-Service (SaaS) solution, the option chosen by a growing number of clients.

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