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Banking Compliance Software Solutions in Switzerland

Regnology GMP, a leading banking compliance software solution, has been instrumental in supporting local reporting infrastructures in Austria and beyond. As the backbone of the Austrian Reporting Services (AuRep), Regnology GMP is used by 90% of the Austrian market.

Harmonization and Integration of Data and IT Systems

In 2016, the Austrian National Bank (OeNB) and Austrian banks joined forces to revolutionize regulatory reporting by introducing innovative approaches built on greater harmonization and integration of data and IT systems. The new model ensures more consistent and higher quality data, relieves banks from tedious template completion, and allows cost-sharing of compliance.

Regnology GMP: A Solution for Banking Compliance

Regnology GMP helps banks comply with national and international supervisory and statistical reporting requirements. With its joint platform and shared services, the solution brings cost savings and efficient regulatory processes to all parties involved.

Key Features of Regnology GMP

  • Common data model and central platform facilitate unified, consistent data and aligned, homogeneous processes
  • Covers national and international regulatory and statistical reporting for Austrian banks
  • Essential tool for compliance

Regnology FiRE: A Time-Tested Solution for Banking Compliance

Regnology FiRE, another innovative software solution, has been successfully used by approximately 230 banks in Switzerland, Liechtenstein, and The Bahamas for 25 years. This tried-and-tested solution supports entirely automated reporting to the Swiss National Bank (SNB), the Swiss Financial Market Supervisory Authority (FINMA), and the Liechtenstein Financial Market Authority (FMA).

Key Features of Regnology FiRE

  • Regular updates ensure coverage of established and new legal updates, rules, and regulations
  • Standardized interfaces facilitate implementation and maintenance, reducing costs and making it easier for banks to use
  • Allows for the reuse of data for different reports, providing greater efficiency and accuracy
  • Powerful features include:
    • Consolidation options
    • Warning and error lists
    • Database requests
    • Audit trails

Reporting Requirements Covered by Regnology FiRE in Switzerland

Regnology FiRE supports reporting requirements such as:

  • Equity requirements
  • Large exposure risk
  • Credit risk
  • Country risk
  • Market risk
  • Interest rate risk
  • Liquidity risk
  • Common solvency ratio reporting (COREP)
  • Financial reporting (FINREP)
  • Financial returns forms
  • International banking statistics

Contact Us for More Information

For more information on Regnology’s innovative banking compliance software solutions, please contact our experts today.