Regnology acquires Belgian regtech b.fine
Regnology, a global software provider focusing on regulatory reporting solutions, has acquired Belgian regtech firm b.fine for an undisclosed sum.
Regnology buys b.fine
Founded in 2017, b.fine helps financial institutions enhance their reporting supply chain. It currently employs nearly 50 people and serves more than 30 institutional clients including banks, insurance companies and investment firms.
The Belgian start-up offers an “all-encompassing” platform for firms to manage their regulatory reporting processes and “significantly reduce” their regulatory burden.
It claims to be the first platform to completely digitise and automate the reporting journey.
Regnology says that b.fine’s cloud technology complements its own offering, and that the acquisition will enhance its last-mile reporting capabilities and allow it to serve an expanded pan-European market.
Rob Mackay, CEO of Regnology, says they were attracted to the “strong synergies” between the two companies’ offerings.
“By joining forces with Regnology, we believe we can allow for better integration between suptech and regtech, and utilise its strong connections to deliver greater automation and standardisation practices to new clients across Europe and beyond,” says Bert De Vriendt, CFO of b.fine.
Regnology was formed in 2021 from the merger of BearingPoint RegTech, a former business unit of BearingPoint Group, and Vizor Software, a global provider of regulatory and supervisory technology.
With a focus on focus on regulatory reporting, Regnology claims more than 7,000 financial institutions, 30 regulators and 20 tax authorities as clients, and employs over 700 people across 12 countries.
