S-Kreditpartner leverages Regnology’s Rcloud for regulatory compliance

Regnology, a software provider with a focus on regulatory reporting solutions, announced that its customer, S-Kreditpartner, a leading provider of personal and automotive loans and a subsidiary of Landesbank Berlin AG and Deutsche Sparkassen Leasing AG, has announced that it has signed on to use Regnology’s Rcloud solutions.

Regnology’s Rcloud platform, launched in partnership with Google Cloud in 2022, provides augmented regulatory reporting solutions leveraging the power of Google Cloud’s infrastructure that can seamlessly adapt to evolving regulatory environments.

The Rcloud platform delivers elastic scalability along with reliable and fast report submission and always up-to-date reporting data and software, offering all the benefits of a modern regulatory-as-a-service solution. Going beyond standard cloud frameworks, Rcloud offers improved deployment and infrastructure-as-code services, run and change management automation, and additional benefits including self-service via the Regnology Cloud portal, and future-proofed architecture for additional services and products. With a CO2-neutral deployment and twice the energy efficiency compared to conventional data centers, Rcloud also makes a significant contribution to Regnology’s ESG commitment.

Over 200 banks from 20 countries have transitioned their regulatory reporting to Rcloud within the past six months alone. “We are proud to be one of the pioneers in the banking sector to embrace public cloud to build a more flexible, resilient and sustainable regulatory reporting infrastructure,” said Jörg Geisler, Head of Banking Control at S-Kreditpartner.

“S-Kreditpartner’s step highlights the regulatory reporting sector’s continuing adoption of the cloud amidst the shift from traditional, on-premise infrastructure solutions,” said Maciej Piechocki, Chief Revenue Officer of Regnology. “By working with Google Cloud on AI initiatives, we are unlocking the potential for our customers to fully tap into the transformative potential of innovation. Together, we aim to redefine how financial institutions approach regulatory compliance in the future.”

Stay Ahead of the Financial Curve with Our Latest Fintech News Updates!