Dubbed Rcloud, the platform will leverage Google Cloud’s infrastructure to enhance Regnology’s regulatory reporting offering across its complete set of cloud-native solutions and managed services.
Regnology said the partnership will bolster its regulatory reporting offering with fully-fledged cloud deployment and service capabilities.
This partnership started two years ago. According to Regnology, it marks a stepping stone in the company’s ambition to help address the data and infrastructure challenges facing the regulatory reporting industry, by offering vertical and horizontal scaling for increased performance and efficiency.
Going beyond the standard cloud frameworks, Regnology said the offering, underpinned by Google Cloud, will enable improved deployment and infrastructure-as-code services, run and change management automation and additional benefits including self-service via the Regnology Cloud portal, high scalability, and future-proofed architecture for additional services and products.
In addition, the company added that sustainability is built into Google Cloud, which already matches 100% of its electricity consumption with renewable energy purchases” and plans to be carbon free by 2030.
Rob Mackay, chief executive officer at Regnology, said, “We are excited to be partnering with Google Cloud to develop an enhanced platform to our customers, presenting a seamless delivery of service as part of a one-stop shop offering.
“Our mission is to connect regulators and the industry to drive financial stability, and as such it is important to us to build the future of regulatory reporting on energy efficient and scalable architecture.”
Zac Maufe, managing director, financial services industry solutions, Google Cloud, added, “Financial institutions are increasingly looking to simplify, scale, and create efficiencies in their regulatory reporting process. We look forward to enabling Regnology’s regulatory reporting capabilities with our cloud capabilities to help them deliver a platform which is future-ready.”
Earlier this month, Regnology acquired Belgian RegTech company b.fine.
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