Sopra Banking Software unveils new Regulatory Reporting Solution

By Gloria Methri

Sopra Banking Software (SBS) has introduced a new regulatory reporting solution that is integrated into its next-gen Sopra Banking Platform (SBP). Designed to streamline and revolutionize regulatory reporting processes, the solution offers financial institutions a unified reporting experience that transcends traditional boundaries.

The current regulatory landscape presents a myriad of challenges for financial institutions. From the introduction of new regulations like CRR3 and the Green Asset Ratio to impending overhauls such as European statistical reporting (IReF), institutions are confronted with a stream of regulatory changes.

Built on a SaaS-first, cloud-native architecture, SBP Regulatory Reporting offers a single unifying data collection layer and data-driven reporting capabilities. By leveraging cutting-edge technology, the solution empowers institutions to navigate the complexities of regulatory reporting with ease, reducing costs, improving data quality, and enhancing visibility for informed decision-making.

“At Sopra Banking Software, we understand the challenges that financial institutions face in meeting regulatory requirements. With SBP Regulatory Reporting, we are committed to providing institutions with a solution that not only simplifies regulatory reporting but also accelerates their journey towards compliance,” said Sebastien Polese, General Manager of Reporting and Risk at Sopra Banking Software.

SBP Regulatory Reporting offers a range of benefits, including:

• Streamlined reporting processes through mutualization and rationalization
• Proven track record of on-time and compliant reporting
• Real-time insights into regulatory data through powerful analytics
• Simplified deployment with record onboarding times
• Subscription model for cost-effective reporting
• Reduction in total cost of ownership through optimized resource allocation
• Low code approach for easy configuration and customization

With SBP Regulatory Reporting, financial institutions can embrace a future where regulatory reporting is efficient, accurate, and hassle-free.