Regnology buys Belgian RegTech b.fine
By Gloria Methri
Regulatory reporting firm Regnology has acquired b.fine, a Belgian RegTech company that assists financial institutions in enhancing their reporting supply chain.
Headquartered in Belgium, b.fine helps over 30 institutional clients including banks, insurance companies and investment firms to reduce their regulatory burden by offering them an all-encompassing platform to manage their regulatory reporting processes.
In addition to its SaaS platform, b.fine offers clients with advisory services and managed services that let them outsource certain parts of the reporting process.
b.fine’s cloud-enabled technology adds to Regnology’s existing regulatory and supervisory reporting offering by enhancing its last-mile reporting capabilities and accelerating the firm’s ability to serve an extended pan-European market.
Commenting on the acquisition, Rob Mackay, CEO of Regnology said, “b.fine has a fantastic track record of growth, and in delivering quality solutions to clients. Right from the start we were impressed by what the company has achieved in such a short space of time. We were attracted by the strong synergies between our offerings and are excited to pursue our combined ambition to address the evolution of regulatory reporting through the provision of an innovative product and service offering.”
Klaas Van Imschoot, CEO of b.fine said, “We are looking forward to becoming part of the incredibly successful team at Regnology, with a shared vision to help clients adapt to the demands of an increasingly complex regulatory system”.
Bert De Vriendt, CFO of b.fine also added “By joining forces with Regnology, we believe we can allow for better integration between SupTech and RegTech, and utilise its strong connections to deliver greater automatisation and standardisation practices to new clients across Europe and beyond.”
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