Clearstream signs on Regnology’s Rcloud for Regulatory Reporting
By Gloria Methri
Regnology, a software provider with a focus on regulatory reporting solutions, announced that its client Clearstream Banking AG has signed on to use its Rcloud technology powered by Google Cloud Platform (GCP).
Regnology launched its Rcloud solution in partnership with Google Cloud in November 2022.
Clearstream, Deutsche Börse Group’s post-trade business for the global markets, offers comprehensive international securities services, settling more than 250,000 transactions daily for customers in over 110 countries.
“Clearstream’s decision to move to the Rcloud platform is a landmark moment because of the trust that Clearstream put in our technological partnership with Google Cloud,” said Antoine Moreau, Chief Technology Officer at Regnology.
Rcloud delivers ultra-elastic scalability along with reliable and fast report submission and always up-to-date reporting data and software. The platform offers improved deployment and infrastructure-as-code services, run and change management automation, and additional benefits including self-service via the Regnology Cloud portal.
Maciej Piechocki, Regnology’s Chief Revenue Officer said, “As one of our valued clients, Clearstream Banking AG has relied on our regulatory expertise and technology to support their reporting obligations for years. Clearstream’s selection of Rcloud speaks volumes about their trust in our depth of knowledge and the added scalability and performance benefits of our cloud solution. We see cloud adoption acceleration amongst our customers and believe our regulatory expertise team with the GCP know-how can help build the foundation for an industry cloud approach to financial services regulatory reporting.”
Clearstream Banking AG CTO, Volker Riebesell said, “With our hybrid, multi-cloud strategy, Deutsche Börse Group sets new standards for cloud innovation across the financial services industry. We are very satisfied to be one of the first institutions to sign on to the Rcloud platform. In Regnology, we found an excellent partner for the next step on Clearstream’s cloud journey, supporting our clients with state-of-the-art regulatory reporting solutions.”