FCG acquires big data platform RegTech Solutions

Nordic risk management, financial law and business management consultant FCG has acquired Reg&Tech Solutions.

FCG has made the acquisition to add new data-driven solutions to enhance its offerings for financial insurance companies.

With the high-level of regulations entering the financial services space, compliance teams are looking for external support, the FCG claims. Due to this, Reg&Tech Solutions will enable the consultant to provide clients with tools to analyse transactions and business records to generate insights.

Though big data, machine learning and deep learning technology, companies will be able to act and manage their business more efficiently and in compliance with relevant regulations.

Sweden-based Reg&Tech Solutions delivers actionable business insights based on data generated and consumed in daily business operations. The company’s DeepSea solution is a big data platform which analyses and tracks all business transactions and interactions.

Layla is Reg&Tech Solutions’ legal entity management solution which manages all of an enterprise’s client and counterplay information and identifiers.

Reg&Tech CEO Per Andersson said, “Financial services and insurance companies generate and consume a rapidly growing amount of data in their daily businesses.

“Our technology combined with FCG’s in-depth expertise and analytical competence will give our clients new actionable insights to fuel their business and at the same time comply with current and coming regulations.”

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