Finansinspektionen goes live with BearingPoint RegTech’s platform

By Megha Bhattacharya

BearingPoint RegTech, a European provider of innovative regulatory, risk, and supervisory technology solutions, announced that Finansinspektionen has gone live with their SupTech platform Abacus Regulator. Finansinspektionen is Sweden’s financial supervisory authority, based in Stockholm. Its role is to promote stability and reliability of the financial system as well as to ensure sustainability and effective consumer protection. The go-live took place on June 30th.

With Abacus Regulator, Finansinspektionen ingests regulatory reports from more than 300 banks under the EBA framework for DPM Versions 2.10 and 3.0 and from 11 insurance companies under the national IORP2 framework. Reporting for EIOPA and further national requirements will commence later this year.

“BearingPoint RegTech has proven itself to be a competent solution provider and partner in our journey to improve regulatory reporting,” says Ann-Louise Ulvenvall, Director Reporting Department at Finansinspektionen.

Finansinspektionen has opted for the full scope of Abacus Regulator, comprising the core Data Collection System, the Reporting Portal for supervised entities, which has been integrated seamlessly with the Swedish elegitimation identity-management framework, and the Integrated Analytics, for swift and dynamic data insights.

“I am delighted that we can support Finansinspektionen on its journey into the future with our new groundbreaking solution. The go-live is another joint milestone for a successful partnership,” said Daniel Kämmerer, Head of SupTech at BearingPoint RegTech.

Together, Finansinspektionen and BearingPoint RegTech were able to deliver the so-called FIDAC project (Finansinspektionen Data Collection) successfully.