Managed services for regulatory reporting
The challenge
Like all banks, the client is subject to ever-increasing regulatory pressure. There was a constant need to keep all the data and reporting applications up to date, but the team was short-handed and was losing time in managing different regulatory contractors.
How b.fine helped
The client selected b.fine for a long-term regulatory partnership in the form of a managed services agreement. b.fine brought peace of mind to the entire regulatory reporting process by acting as a one-stop-shop for regulatory reporting. For some years now, we have been responsible for: application management, day-to-day regulatory upgrades and improvements to the reporting platforms. Our dedicated team of experts is a perfect mix of functional expertise and technical expertise that manages the regulatory reporting process in the most efficient way.
“Thanks to our pragmatic approach and agile way of working, our client is actually saving time in the reporting process while always being compliant with the latest regulations”, said Bert De Vriendt, co-founder of b.fine. b.fine follows the regulation, reporting calendar and deadlines very closely and makes sure the platform architecture remains optimized. By partnering with b.fine, our client can focus on its core business. They can rest assured that they are always up to date and compliant, that the regulatory roadmap is taken care of, that the application is always updated and that costs are always transparent.