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 everis for regulatory reporting in Spain.
everis, with a unit specialized in Financial Supervision, 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.
Dr. Maciej Piechocki, Chief Sales Officer RegTech at BearingPoint, comments:
“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.”
Jose Pablo Carbonell, CEO of everis in Europe, says:
“Business success in the current collaborative economic environment is in many occasions a result of a symbiosis between two market leaders that together serve better clients than separately. We are positive that this is a good example, and our expectations is that everis and Bearing Point together will produce extraordinary results”
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.