Member Press Releases
Semansys Technologies Reveals New Brand Identity
04/03/2020
Semansys Technologies, a leading supplier of XBRL solutions in the Netherlands and the rest of the world, announced today the launch of its new brand identity. These changes come, considering the evolution of its business in the past two decades and its recent acquisition by Netsam Participaties BV.
Invoke awarded “Best Regulatory Reporting Software” by InsuranceERM
28/03/2018
Invoke win their 3rd industry award in recognition of their software's excellence in regulatory reporting. Already awarded "Best Regulatory Solution" by Insurance Risk Magazine in 2014 and "Best Data Solution" by Insurance ERM in 2016, Invoke win an additional award as "Best Regulatory Reporting Software" at the Insurance ERM 2017 Awards.
BNG Bank selects Abacus Regulatory-as-a-Service for MiFID II/MiFIR, EMIR II, MMSR and SFTR reporting
04/08/2017
Management and technology consultancy BearingPoint, which ranks among the leading providers of regulatory and risk technology (RegTech/RiskTech), announced that BNG Bank has selected its flagship product ABACUS/Transactions as a Regulatory-as-a-Service (RaaS) solution to fulfill several types of transaction-based reporting obligations without needing to have multiple data deliveries.
BearingPoint launches a MiFID II/MiFIR reporting solution
12/05/2017
BearingPoint’s ABACUS/Transactions supports investment firms in meeting their regulatory reporting requirements in compliance with MiFID II/MiFIR
BearingPoint is Central Banking “Consultancy and Advisory Services Provider of the Year 2017” with Abacus360 Regulator
17/02/2017
Second award for BearingPoints consulting expertise for solving data collection, analytics and remittance challenges of central banks
Management and technology consultancy BearingPoint, a leading provider of Risk and Regulatory Technology (RiskTech/RegTech), has been recognized as “Central Banking Consultancy and Advisory Services Provider of the Year 2017” for its expertise in supporting central banks with the collection, analysis, and dissemination of their supervisory data.
BearingPoint supports reporting entities with the transition from EMIR to EMIR II
03/02/2017
With ABACUS/Transactions, BearingPoint provides a ready-to-use solution for EMIR II, the revised Regulatory and Implementing Technical Standards for EMIR, which were recently approved by the European Union
Management and technology consultancy BearingPoint, which ranks among the leading providers of Risk and Regulatory Technology (RiskTech/RegTech), supports the recently approved EMIR amendments in the TR2 module of ABACUS/Transactions, a proven standard software solution for transaction-based reporting.
European consultancy BearingPoint announces strong, two-digit growth
25/01/2017
BearingPoint, one of Europe’s leading management and technology consultancies, today announced revenues of 622 million euros in 2016, up 10% over the previous year, reaching again another record. The firm also reported year-over-year net bookings growth of 13%, emphasizing accelerated business development. BearingPoint’s growth was sustainable and profitable, allowing the firm to make further investments in its client services, especially within its focus areas of digital ecosystem management and regulatory technology. The firm also invests strongly in recruiting top talent and developing its people, and affirms its goal of 1 billion euros in revenues by 2020. BearingPoint will continue to invest in its global reach and focus even more on driving innovation around the globe.
In 2016, the firm increased its geographical coverage: it opened new offices in Singapore, Portugal, Romania and the Czech Republic. BearingPoint now has 36 offices in 22 countries and, together with its global consulting network, serves clients in more than 75 countries.
Projects focused on regulation and digitalization as well as the technology solutions business were strong drivers of growth. All service lines, industry segments and regions show positive revenue trends and solid growth rates. BearingPoint invested heavily in digital ecosystem management and regulatory technology and launched a number of technology solutions. The firm again received several awards, underlining its strength in proven tech packages with rapid market impact. It won the prestigious Central Banking Award as “technology provider of the year,” was honored as “regulatory reporting technology provider of the year” at the Buy-Side Awards, won the European IT & Software Excellence Awards, and ranked in the top 30 for risk technology worldwide in the Chartis RiskTech100. BearingPoint was also named a “Major Player for Worldwide Digital Enterprise Consulting Services” by IDC.
The ecosystem of innovation BearingPoint created as part of its Ventures strategy achieved global success when the firm’s spin-off, Elevence, joined forces with Digital Asset Holdings to further develop blockchain technology. The firm also strengthened its own ecosystem by joining forces with companies such as GE Digital to create new digital services based on Industry 4.0 and Industrial IoT technology. Overall, BearingPoint formed a very strong ecosystem of innovation. It integrates start-ups, clients and consulting power, providing a customized mix of technology, ideas and funding to spark growth.
‘Our strategy is paying off. I am very happy with the two-digit growth and the overall development of our firm. The combination of consulting, solutions and ventures, and our focus on digital ecosystem management and regulatory technology, is the right set-up. It is no surprise that we had another record year, and I am very pleased with what we have achieved together over the last years. Our business success reflects the expertise of our people and the value we create for our clients. It is sustainable, stable and profitable, and mirrors our principle of stewardship. Our strong development gives us the possibility to invest further in top talent, foster our client services and drive innovation worldwide. We are confidently looking ahead, and we will further strengthen our position as an independent, Partner-led management and technology consultancy.’
— Peter Mockler, Managing Partner BearingPoint
For the current year, BearingPoint plans to continue to grow geographically and develop its portfolio. The opening of new offices and practices will soon be announced.
BearingPoint solutions ranked in the top 30 for risk technology in prestigious Chartis RiskTech100 report
03/01/2017
Management and technology consultancy BearingPoint, a leading provider of Risk and Regulatory Technology (RiskTech/RegTech), announced that it has been ranked 30th in the RiskTech100 report compiled by Chartis, an independent provider of research and analysis on global risk technology markets.
The RiskTech100® Rankings are globally acknowledged as the most comprehensive and objective study of the world's major players in risk and compliance technology. Based on nine months of detailed analysis by Chartis Research, the RiskTech100 Rankings assess the market effectiveness and performance of the key vendors in this rapidly evolving space.
BearingPoint’s best scores were in functionality and customer satisfaction. The former covers the depth and breadth of functionality, and the latter includes value for money, after-sales service & support and product updates. High scores were also given in the category “strategy,” acknowledging BearingPoint’s strength in the development of innovative products along the Regulatory Value Chain.
Peyman Mestchian, Managing Partner, Chartis Research, said, “This year the rankings cover 30 categories to reflect the variety and richness of the risk technology landscape, as well as the continued depth and flexibility of Chartis´ research. This year the category focus is on solutions, industry segments and success factors. BearingPoint’s dramatic rise of 27 places into the Top 30 was one of the best one-year improvements in the RiskTech 100 history and reflects its continued investment in technology, functionality and thought leadership Furthermore, recent strategic activities to expand its global footprint and overall vision for growth has impressed the Chartis team.”
Dr. Maciej Piechocki, Partner at BearingPoint, commented: “As Europe’s leading RiskTech and RegTech company, with over 5,000 firms using BearingPoint products, we are proud to have leap-frogged towards the top of the RiskTech100 ranking 2017. We are especially pleased to have achieved the second highest customer satisfaction score out of the top 30 RiskTech companies globally. This result clearly reflects our customer-centric philosophy and the trust our customers have in us with regard to regulatory and risk products. We are equally encouraged by scoring very highly in the functionality category, reflecting our ongoing technology investment into Abacus360, the next generation of our renowned platform, and the integration of a wide range of quantitative risk and finance libraries and engines.”
BearingPoint wins Central Banking Award 2016 as “Technology Provider of the Year”
24/01/2016
Management and technology consultancy BearingPoint wins the prestigious Central Banking Award 2016 in the category “Technology Provider of the Year.” The judging panel honored BearingPoint for ABACUS/Regulator, a leading-edge data collection and regulatory analytics platform for central banks and supervisory authorities. The award will be officially handed over at the annual Central Banking Awards in London on March 3, 2016. For BearingPoint, a provider of standard regulatory software, it is a further milestone in a recent series of industry accolades for their innovative RegTech products.
BearingPoint recognized as a Representative Vendor in the Gartner Market Guide for Solvency II Solutions
09/10/2015
Management and technology consultancy BearingPoint, which ranks among the leading providers of regulatory software, has been evaluated, along with 20 other vendors in the recent Market Guide for Solvency II Solutions by Gartner’s analyst Juergen Weiss. The report grants deep insights into the market for Solvency II solutions and identifies five types of solution providers.
With its Solvency II standard software solution ABACUS/Solvency II, BearingPoint is categorized as a “single-pillar vendor” and received a positive assessment on Pillar 3 of the Solvency II framework dealing with quantitative and qualitative reporting requirements. Furthermore, BearingPoint received positive scores for vendor viability, general capabilities and deployment options.
BearingPoint: Solvency II “Go-Live” a success for clients across Europe
06/07/2015
Management and technology consultancy BearingPoint, which ranks among the leading providers of regulatory software, announced the success of Solvency II “Go-Live” for its clients across Europe. For many undertakings, the deadline for preparatory phase data submissions according to Solvency II was June 3, 2015. Thanks to ABACUS/Solvency II, BearingPoint’s reporting solution, clients successfully generated and submitted the required reports to local supervisors in various European countries. Reports were submitted to the Central Bank of Ireland, PRA in the UK, BaFin in Germany, IVASS in Italy, ACPR/Bank de France, and FMA in Austria.
BearingPoint recognized as a Representative Vendor in the Gartner Market Guide for Solvency II Solutions
07/09/2015
Management and technology consultancy BearingPoint, which ranks among the leading providers of regulatory software, has been evaluated, along with 20 other vendors in the recent Market Guide for Solvency II Solutions by Gartner’s analyst Juergen Weiss. The report grants deep insights into the market for Solvency II solutions and identifies five types of solution providers.
Major Swiss bank extends strategic AxiomSL deployment to include Irish reporting
23/06/2015
AxiomSL, a global provider of regulatory reporting and risk management solutions, announced today that a major global Swiss bank has decided to expand its use of AxiomSL’s platform to support reporting to the Central Bank of Ireland, including new monetary and interest rate disclosures mandated by the European Central Bank (ECB).
The Swiss private and investment bank has been using AxiomSL for almost a decade. It first implemented the AxiomSL platform in the UK for reporting to the Bank of England and Financial Services Authority. Based on the success of this project, it decided to also deploy the AxiomSL platform in the US and then in Asia-Pacific, where it is used in Singapore, India, Korea, Australia and Japan. The bank also leverages AxiomSL for headquarters reporting in Switzerland.
Altova Meets the Need for Speed Head on with its Latest Release
22/06/2015
Altova® (http://www.altova.com) today announced the availability of Version 2015 Release 4 (v2015r4) of its Altova MissionKit desktop developer tools and complete line of server software products. This release provides new functionality to greatly increase validation speeds for XML and XBRL, adds frequently requested functionality for EDGAR filing validation, provides support for SQLite databases and the TRADACOMS EDI format, and much more.
Altova Meets the Need for Speed Head on with its Latest Release
10/06/2015
Altova® (http://www.altova.com), ) today announced the availability of Version 2015 Release 4 (v2015r4) of its Altova MissionKit desktop developer tools and complete line of server software products. This release provides new functionality to greatly increase validation speeds for XML and XBRL, adds frequently requested functionality for EDGAR filing validation, provides support for SQLite databases and the TRADACOMS EDI format, and much more.
IFRS Foundation develops electronic filing guide for regulators
03/06/2015
The IFRS Foundation, responsible for the governance and oversight of the International Accounting Standards Board (IASB), has developed a guide to help market regulators around the world adopt the IFRS Taxonomy for the electronic filing of International Financial Reporting Standards (IFRS) financial statements.
The guide is part of the IFRS Foundation's and the IASB’s increased focus on digital reporting and on assisting regulators and stock exchanges that require entities to make their general purpose financial statements available in a structured digital format.
A solution to meet the demanding challenges of the new Solvency II reporting framework
01/06/2015
zeb (http://www.zeb.eu), a leading supplier of IT systems to the financial services industry, and UBPartner (http://www.ubpartner.com), the leading European provider of effective and low-cost XBRL solutions, announced today that their partnership is delivering a working solution for Solvency II reporting that delivers a standardized approach and 100% compliant XBRL documents.
Top 10 Robust Enhancements That Just Made MobileTogether Even Better
29/04/2015
Altova® (http://www.altova.com) today announced the availability of MobileTogether® 1.5. Version 1.5 includes more than 18 important new features and enhancements, adding even more power to this unique, multi-platform mobile development framework for building and deploying in-house app solutions.
Deloitte introduces CRD IV Health Checker service to European banks
23/04/2015
Deloitte Netherlands has announced a quality service known as the CRD IV Health Checker to assess the quality of CRD IV filings banks and investment firms have to submit following the CRD IV regulations. The service is powered by software developed by CoreFiling, a renowned developer of XBRL (eXtensible Business Reporting Language) software products. The service enables financial institutions to verify that the COREP and FINREP reports they submit pass the stringent scrutiny to which they will now be subjected.
Solvency II: esure chooses e-Filing Insurance from Invoke for generating Pillar 3 regulatory reports in XBRL
08/04/2015
esure, the UK FTSE250 insurer well-known for its innovative marketing, brands and product quality has chosen e-Filing Insurance, the collaborative web portal from Invoke, for generating the Solvency II Pillar 3 quantitative reports in XBRL format expected by the Prudential Regulatory Authority (PRA).
DataTracks Assists Singapore Firms to Prepare Their Financial Statements in XBRL Format
03/03/2015
Effective from 3rd March 2014, ACRA introduced revised XBRL filing. Accordingly, companies incorporated in Singapore (excluding a few exempted categories), are required to file a full set of financial statements in XBRL format with ACRA. Filing of partial XBRL, an option under the previous XBRL system (FS Manager) is no longer available.
Altova Continues Tradition of Robust Standards Support in its Latest Release
25/02/2015
Altova® (http://www.altova.com), today announced the release of Version 2015 Release 3 of its desktop developer tools and server software products. This latest release delivers updated standards support for XPath/XQuery 3.1, innovative new tools for XPath and XQuery development, Web Services Security support, and much more.
Invoke XBRL regulatory portal solution chosen by the EBA
19/12/2014
Invoke is pleased to announce that the e-Filing for Regulators portal solution has been chosen by the European Banking Authority (EBA) for the collection and technical parsing of supervisory reporting prepared by European credit institutions and collected from National Competent Authorities (NCAs).
National Bank of Romania Fulfills Basel III and EBA Requirements with BearingPoint Solution
19/02/2015
The National Bank of Romania (NBR) has implemented BearingPoint's standard software solution ABACUS/Regulator to comply with the new data collection and remittance requirements of the European Banking Authority (EBA). With BearingPoint's rapid deployment data collection platform, NBR can quickly collect financial and risk data from Romanian banks and submit the requested data to the EBA in due time.
Best to start early for XBRL Solvency II reporting
22/10/2014
The first Solvency II reporting in France has been a success for around 75 insurers who chose Vega® – Milliman software, which is based upon UBPartner’s (http://www.ubpartner.com) XBRL reporting tools. The advice to firms who are preparing to adopt XBRL reporting over the next year is to follow their lead, select a supplier with in-depth reporting knowledge, proven software systems and don’t delay in getting started on the process.
