Tools and Services
ABACUS/Regulator supports all reporting frameworks published by the European Banking Authority (EBA), the European Central Bank (ECB) and the European Insurance and Occupational Pensions Authority (EIOPA). Beyond the pan-European reporting frameworks, customized report generation is supported as well. Due to its modular structure, ABACUS/Regulator can be individually configured. Regulatory reports can be collected, viewed, validated, stored and processed in a simple, efficient and cost-effective manner. ABACUS/Regulator features an embedded high-performance XBRL processor.
ABACUS/Regulator is based on a modern and proven system architecture. Significant components of this architecture include a flexible client-server architecture (three-tier architecture) and an optimized relational database. The frontend component of ABACUS/Regulator is a web-based application that requires a standard web browser only. Client side installation procedures are not required. ABACUS/Regulator is an integrated end-to-end solution for regulators that does not require costly and risky development and maintenance lifecycles. Large-scale data collection is supported, including resubmission scenarios with multiple thousands reports per day and a real time overview of loaded and validated reports. ABACUS/Regulator is built on a successful, well-established technology platform used extensively for regulatory reporting in the banking and insurance industry.
ABACUS/Regulator as product of the Abacus platform particularly excels in the following attributes:
Flexible, Java and web based three-tier-client/server application
Database backed processing and relational, open data model
Modern, flexible and expandable architecture
Standardised, normalised delivery interface (XML & XBRL)
Support of big data through scalable database
Multi user support
Multi language support
Save and secure
PDF, Excel, XML and XBRL export
Data analytics (key risk indicators, dashboards)
Audit trail (storage of all manual changes)
Customizable business process and workflow
Expandable into a ""Management Information System""
Extensive service concept covering all aspects of the product
- Data Aggregation/Publishing
- XBRL Collaboration Tools
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 5,000 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 as a member of standardization bodies like XBRL consortium, we actively contribute to the process of standard setting. We combine our regulatory expertise with our proven, reliable and future-oriented RegTech solution suite, 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 maximize efficiency and transparency in data collection, reporting, management and analytics.
Our RegTech solutions:
• Abacus Solution Suite: Regulatory management, analytics and reporting
• FiRE: Regulatory reporting for Switzerland, Liechtenstein and Bahamas
• FiTAX: Tax authorities reporting for QI/EUSD/FATCA/UK-FATCA and CRS
• EasyTax: Country specific client tax reporting