Management and technology consultancy BearingPoint, a leading provider of Risk and Regulatory Technology (RiskTech/RegTech), has been recognized as “Central Banking Consultancy and Advisory Services Provider of the Year 2017” for its expertise in supporting central banks with the collection, analysis, and dissemination of their supervisory data.
The 4th annual Central Banking Awards celebrate the contributions central bankers and stakeholders make to central banks, central banking and national economies.
Maciej Piechocki, Partner at BearingPoint : “Central banks are very complex organizations. BearingPoint, in delivering Abacus, fully understands this fact as well as the criticality of data collection, data analytics and dissemination for statistical or supervisory purposes. These features are embedded in our Abacus360 Regulator platform. Our specialist team, working with central banks all across the globe, are both business and technology experts. BearingPoint professionals are, in addition, particularly experienced in dealing with large volumes of complex financial services data as well as a wide range of regulatory requirements such as Basel III, Solvency II, AnaCredit, MiFID II or central credit registers.”
With Abacus360 Regulator, BearingPoint has launched a new generation data collection platform for the end-to-end regulatory value chain process of prudential supervision for central banks and supervisory authorities. Abacus360 Regulator, with its very short implementation period, is in use at several national central banks, with the current focus on AnaCredit. The upgrade to Abacus360 has added a number of self-service components which allow regulators greater flexibility. The system includes advanced analytics, reporting in XBRL, SDMX, ISO 20022, XML or Excel formats, and a new workflow manager. The system allows central banks and supervisors to conduct ad-hoc data collection or stress-testing exercises in a very efficient manner.
