Regnology acquires Metadata Technology to enhance SDMX solutions

By Gloria Methri

Regnology, a software provider focusing on regulatory reporting solutions has announced the acquisition of Metadata Technology, a UK-based provider of Statistical Data and Metadata exchange (SDMX) solutions for central banks and national statistics authorities.

SDMX is an ISO standard designed to describe statistical data and metadata and improve efficient sharing across statistical organizations. It is the most widely adopted standard from international organisations and national statistical offices.

Founded in 2005 by consultants who developed SDMX standards, Metadata is a specialist provider of SDMX solutions, software tools, and related consultancy. Metadata’s software solutions are built on open-source technology – the Fusion Metadata Registry (FMR), which empowers over 450 statistical agencies in 150+ countries with structural SDMX metadata registries.

The latest generation of its cloud-enabled commercial software, Fusion Registry, provides international organizations with the additional capabilities needed to support the complete data lifecycle.

Chris Nelson, CEO of Metadata and Founder of Sdmx Protocol said, “Looking back into 2005, the ambition behind the introduction of SDMX was to reduce the cost and time-to-market of statistical data and metadata. Fast-forward to today, we help empower a vibrant and ever-growing global SDMX community with better-quality statistics. We are confident this acquisition will pave the way for more benefits in the future.”

Maciej Piechocki, Chief Revenue Officer at Regnology said, “We are committed to pursuing the effort to foster widespread SDMX adoption to alleviate the strain of reporting and further increase statistical processing efficiency. Through the deal, we are also pleased to be able to bring an enhanced offering to our existing community of regulators and authority bodies,”

The new acquisition marks another step forward in Regnology’s ambition to serve the community of regulators and regulated financial institutions with superior solutions to address the data conundrum and regulatory complexity.