Regnology has launched Regnology Granular Data (RGD), a groundbreaking integrated data model designed to redefine regulatory reporting.
Building on the foundational Abacus data model, RGD represents the future of non-redundant, harmonized reporting across multiple jurisdictions.
The inception of RGD stems from the need to manage the increasing complexity within the financial regulatory environment. It aims to provide a standardized, granular data framework that can handle the vast datasets of banks, ensuring accurate and timely compliance reporting on both supranational and national levels.
At its core, Regnology specializes in developing software solutions that streamline regulatory reporting processes. Their products are crafted to enhance the regulatory reporting value chain from data enrichment to final report production. This approach minimizes data provisioning efforts and upholds the consistency and quality of data across various reporting jurisdictions.
RGD itself is a testament to the sophistication of Regnology’s offerings. It is engineered to serve as the central data model for all of Regnology’s solutions, promoting efficiency and reliability in regulatory report production. With RGD, financial institutions can better navigate the complexities of regulatory demands with less effort and higher precision.
The release of RGD marks a significant enhancement in data management capabilities. It introduces advanced functionalities like extensive data visualization, granular exploration through widgets, and full traceability of the reporting process. These features are critical for maintaining a robust audit trail and ensuring data integrity throughout the regulatory cycle.
Additional features of RGD include compatibility with cloud-augmented regulatory frameworks, which offer more flexibility and reduced redundancy in data handling. This modernization is crucial for adapting to the evolving demands of global financial supervision, where real-time data processing and proactive regulatory practices are increasingly becoming the standard.
Regnology has also integrated RGD into their Regnology Reporting Hub (RRH), a comprehensive framework that enhances reporting efficiency through automated workflows and analytics. This integration signifies a leap towards more dynamic and responsive regulatory reporting landscapes.
Robrecht Vander Haeghen, head of banking at Regnology, expressed pride in the launch: “We are extremely proud of the release of RGD, the most advanced granular data solution on the market today. RGD better equips market participants to adapt to the ever-increasing complexity of regulatory reporting and provides them with a tried and tested best-practice approach to data handling.”
Linda Middleditch, chief product officer at Regnology, added, “With a battle-tested model calibrated over 30 years, Regnology has proved its ability to support customers on their granular data transition journey. RGD makes regular reporting data more compatible for enhanced analytics and an AI-enhanced regulatory reporting framework.”
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