Stockholm, December 3, 2019– BearingPoint RegTech, a leading international provider of innovative regulatory and risk technology solutions (RegTech and RiskTech), welcomes BancSabadell d´Andorra as a new customer for its Abacus360 Banking Regulatory solution. BancSabadell d´Andorra will use Abacus360 Banking Regulatory for EBA reporting to the Andorran Financial Authority (AFA), which is already a BearingPoint RegTech customer. The bank opted for the licensing model and on-premise installation.
BancSabadell d´Andorra was founded in 2000 from the Banco Sabadell Group, the fourth-biggest IBEX 35 listed private banking group and one of the best capitalized financial institutions in the Spanish financial sector.
“BearingPoint RegTech offers a product portfolio with comprehensive solutions along the regulatory value chain. One of our strengths is that we can flexibly respond to the specific local needs of our clients, banks and regulators alike. We are delighted to have convinced BancSabadell d’Andorra, another international financial institution, of our software solution and thus further expanded our international growth,” says Dr. Maciej Piechocki, member of the BearingPoint RegTech Management Board.
“We were looking for a powerful reporting platformwitha common data model for all reports, and with Abacus360 Banking Regulatory we found a persuasive product. Another crucial factor for the decision was BearingPoint’s already strong presence in the Andorran market,” says Antoni Hidalgo, CFO at BancSabadell d’Andorra.
With Abacus Banking Regulatory BearingPoint RegTech offers a standard software for national and international prudential reporting, statistical reporting as well as granular reporting (AnaCredit) and ad-hoc reporting. Renowned financial institutions representing more than 1,000 reporting entities among them a major part of the most important European banks under direct SSM supervision, insurers, and financial service providers use ABACUS/DaVinci and the new software generation Abacus360 Banking Regulatory.
About BancSabadell d’Andorra
BancSabadell d’Andorra was born out of the initiative of a group of businesspeople and professionals who, in 2000, decided to establish this entity to found an innovative domestic bank in the Principality based on Banco Sabadell’s banking experience and knowledge.
Proximity to the client and excellence in service, pragmatism, efficiency and clear-headedness in executing the business, and the firm commitment to developing Andorra and its economic and social progress are the values that define the BancSabadell d'Andorra’s internal culture: a way of doing things that differentiates us.
Having a broad and diverse shareholder base, unique to the country and very representative of the Andorran socio-economic fabric also sets us apart from other banks in the Principality. Hundreds of shareholders who firmly root us in the territory and provide the necessary support to progress and overcome the challenges of the changing world in which we live.
BancSabadell d'Andorra combines youth and experience, human quality and professional skills, cutting-edge technology and the traditional branch because this combination is the best way to suit all our customers and offer them the best possible experience in their relationship with us. Wherever they may be.
About BearingPoint RegTech
BearingPoint RegTech, a business unit of management and technology consultancy BearingPoint, is a leading international provider of innovative regulatory and risk technology solutions (RegTech and RiskTech) and services along the Regulatory Value Chain for financial services. Customers representing 6,000 firms worldwide, among them large international banks, a major part of the largest European banks, leading insurance companies as well as supervisory authorities and central banks, trust BearingPoint RegTech’s products and services. BearingPoint RegTech works closely with regulators and, as a member of standardization bodies such as XBRL, actively contributes to the standard-setting process. BearingPoint RegTech combines regulatory know-how with proven, reliable and forward-looking RegTech solution suite, expert consulting capabilities, managed services and training seminars.
For more information, please visit:www.reg.tech
BearingPoint is an independent management and technology consultancy with European roots and a global reach. The company operates in three business units: The first unit covers the advisory business with a clear focus on five key areas to drive growth across all regions. The second unit provides IP-driven managed services beyond SaaS and offers business critical services to its clients supporting their business success. The third unit provides the software for successful digital transformation and regulatory requirements. It is also designed to explore innovative business models with clients and partners by driving the financing and development of start-ups and leveraging ecosystems.
BearingPoint’s clients include many of the world’s leading companies and organizations. The firm has a global consulting network with more than 10,000 people and supports clients in over 75 countries, engaging with them to achieve measurable and sustainable success.
For more information, please visit: www.bearingpoint.com