BearingPoint listed in several categories with the RegTech and RiskTech product Abacus360 Banking

Frankfurt, October 07, 2016 - Management and technology consultancy BearingPoint, which ranks among the leading providers of Risk and Regulatory Technology (RiskTech/RegTech), announced today that it is featured in the Risk Software Report 2016 presented by All About Risk (AAR).

AAR is the leading global online destination site for risk, compliance and trading professionals wanting to keep abreast of the latest news, products, people, moves and innovation in their markets. AAR provides a risk-specific destination site; bringing together the innovators, suppliers, users and buyers of risk management software in the risk management, compliance and trading domains aimed squarely at the financial services and energy/commodities trading markets.

This report comprises all relevant risk software vendors and we are very pleased to be included in the categories Enterprise-wide Risk, Market Risk, Credit Risk, Regulatory Reporting, Liquidity Risk/ALM and Risk Analysis. This is proof of BearingPoint’s international recognition as a leading provider of RegTech and RiskTech software and services across the entire Regulatory Value Chain for financial services.

Dr. Maciej Piechocki, Partner at BearingPoint

Now in its ninth successful year, the Risk Software Report 2016 features the products and service offerings of the leading risk software vendors and consultancies for 2016. BearingPoint is one of our report sponsors and is listed in almost every category with Abacus360 Banking, which enables comprehensive functionalities for reporting, regulatory analytics, risk calculations and management of regulatory KPIs.

Jane Stoll, Managing Director at

Abacus360 Banking is the flagship product of the Abacus Solution Suite. It fulfills the requirements of BCBS 239 principles for risk data aggregation and reporting. Based on a single data model, it integrates reporting, risk, and finance applications and thus complies with the requirements for data consistency across departments mentioned in BCBS 239. Abacus360 Banking also meets the requirements of data lineage through the complete audit trail (CAT).

Abacus360 Banking stands for a holistic 360° approach in two fundamental ways: Firstly, the new platform goes far beyond official report preparation by integrating comprehensive functionalities for reporting, regulatory analytics, risk calculations and management of regulatory KPIs. Secondly, the new platform covers the requirements for all stakeholders involved within the Regulatory Value Chain. It can be used by firms as well as by supervisory authorities and facilitates all of the various value chain processes.

This decision for a novel, universal and comprehensive platform has been motivated by regulatory developments which have not only brought forth the most recent new measures but which have ensured the likelihood that stricter requirements will ensue in the future. In the banking industry, the results of these measures are the stress tests, AnaCredit, BCBS 239 and IFRS 9. Other trends include gradually replacing form-based reporting with data cubes and the ever-increasing influence of regulation upon banks’ product portfolios. Consequently, the regulatory KPIs have to be seriously considered in relation to long-term planning and management.

About BearingPoint’s RegTech product line

With its RegTech product line, BearingPoint is a leading international provider of innovative regulatory and risk technology solutions (RegTech and RiskTech) and services across the entire Regulatory Value Chain for financial services. Customers representing more than 4,400 firms worldwide, among them large international banks, a major part of the largest European banks, leading insurance companies as well as supervisory authorities and central banks, trust BearingPoint’s RegTech products and services.

We work closely with regulators and actively contribute to the process of standard setting. BearingPoint is a member of the XBRL Consortium along with other standardization bodies and works closely with supervisory authorities and central banks. We combine this regulatory expertise with our proven, reliable and future-oriented software solution suite and expert consulting capabilities as well as training seminars and managed services. Our products, built with over 20 years of experience in regulatory and tax reporting, help firms around the world to streamline processes and improve efficiency and transparency in data collection, reporting, management and analytics.

About BearingPoint

BearingPoint consultants understand that the world of business changes constantly and that the resulting complexities demand intelligent and adaptive solutions. Our clients, whether in commercial or financial industries or in government, experience real results when they work with us. We combine industry, operational and technology skills with relevant proprietary and other assets in order to tailor solutions for each client’s individual challenges. This adaptive approach is at the heart of our culture and has led to long-standing relationships with many of the world’s leading companies and organizations. Our global consulting network of more than 10,000 people serves clients in over 75 countries and engages with them for measurable results and long-lasting success.

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