Clearstream Signs On To Regnologys Rcloud Platform For Regulatory Reporting

By Author: Arina Smith
Total Articles: 185
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Regnology, a prominent software provider specializing in regulatory reporting solutions, has announced that Clearstream Banking AG, a central securities depository and a leading global post-trade services provider, will be using their Rcloud technology powered by Google Cloud Platform (GCP). The migration to the cloud-based regulatory reporting solution is subject to regulatory approvals. The move showcases the reliability and security of Regnology's Rcloud platform, which was launched in partnership with Google Cloud in November 2022.

Clearstream settles over 250,000 transactions daily for customers in more than 110 countries, making it one of the most comprehensive international securities services providers. As an international financial infrastructure provider, Clearstream adheres to strict compliance requirements set by German and Luxembourg authorities.

The decision of Clearstream to shift to Rcloud is significant as it reflects the trust they place in Regnology's technological partnership with Google Cloud. This collaboration combines Regnology's regulatory expertise with GCP's cloud capabilities, offering ...
... scalable and high-performance benefits.

Regnology's Rcloud platform provides ultra-elastic scalability, fast report submission, always up-to-date reporting data and software, and the advantages of a modern regulatory-as-a-service solution. Beyond standard cloud frameworks, Rcloud offers improved deployment and infrastructure-as-code services, automation for run and change management, and self-service options through the Regnology Cloud portal. The platform is designed for future-proofing and accommodating additional services and products.

Regnology's partnership with Google Cloud ensures sustainability, as Google Cloud matches 100% of its electricity consumption with renewable energy purchases.

About Regnology, it is a leading technology firm with a focus on regulatory reporting, serving over 35,000 financial institutions, 70 regulators, international organizations, and tax authorities. The company was formed in 2021 through the merger of BearingPoint RegTech and Vizor Software, aiming to bring safety and stability to financial markets.

Clearstream, part of Deutsche Börse Group, operates central securities depositories and provides fund execution, distribution, data, and reporting services globally.

In summary, Clearstream Banking AG's decision to migrate to Regnology's Rcloud platform demonstrates trust in the partnership with Google Cloud and highlights the platform's reliability and security for regulatory reporting solutions. The Rcloud technology provides scalability, fast reporting, and modern regulatory-as-a-service benefits, positioning Regnology as a recognized regulatory reporting powerhouse in the financial services industry.

https://www.techdogs.com/tech-news/business-wire/clearstream-signs-on-to-regnologys-rcloud-platform-for-regulatory-reporting