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Press Release
11:25 PM 4th November 2024 GMT+00:00
Regnology Wins Best Tax Reporting Solution at 2024 Regulation Asia Awards
Reporting by Editors
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Article Summary
Regnology Tax Hub received the Best Tax Reporting Solution award at the 7th Regulation Asia Awards for Excellence 2024, recognising its innovative platform that enhances tax reporting compliance and operational efficiency for financial institutions.
The judging panel highlighted Regnology's use of advanced AI, cloud scalability, and customisation, which significantly improves tax reporting accuracy and aligns with diverse regulatory standards, fostering operational resilience.
Jorg Schaper, Head of Product for Tax Reporting at Regnology, expressed gratitude for the award, emphasising the company's commitment to innovation and regulatory compliance in global tax reporting.
This summary has been produced by RegAI. Contents may not be accurate.
Regnology Tax Hub was awarded Best Tax Reporting Solution at the 7th Regulation Asia Awards for Excellence 2024, celebrated in person on 4 November 2024.
Presented in the Fraud and Financial Crime category, the Best Tax Reporting Solution award recognises platforms that set new standards in tax reporting compliance, regulatory alignment, and operational efficiency. This category celebrates solutions that empower institutions to navigate complex tax reporting obligations with accuracy, speed, and innovative technology, answering the industry’s growing demand for streamlined, compliance-focused solutions.
The judging panel recognised Regnology for its ability to enhance tax reporting accuracy and compliance on a global scale. By incorporating advanced AI, cloud scalability, and client-driven customisation, Regnology’s solution has proven to be transformative, one awards judge said. “The platform’s robust error management, reconciliation tools, and flexibility in adapting to diverse regulatory standards align directly with the needs of the financial industry and helps to foster operational resilience and regulatory precision.”
“Regnology Tax Hub exemplifies excellence in tax reporting, demonstrating not only regulatory rigour but also a forward-looking approach to client support and data management,” said Bradley Maclean, Co-founder of Regulation Asia and Chair of the Awards Committee. “Their integration of AI and flexible deployment sets a new benchmark for tax reporting compliance, empowering institutions to navigate the significant complexities in this area with confidence.”
“We are honoured to receive the Best Tax Reporting Solution award at the 2024 Regulation Asia Awards for Excellence for the third year in a row. Regnology Tax Hub is dedicated to setting new standards in global tax reporting, and this recognition underscores our unwavering commitment to innovation, regulatory compliance, and client-focused adaptability. We thank Regulation Asia for this prestigious award and our clients for their continued trust and support.” said Jorg Schaper, Head of Product for Tax Reporting, Regnology.
About the Regulation Asia Awards for Excellence 2024
The Regulation Asia Awards for Excellence recognises financial institutions, technology companies, legal and consulting firms, exchanges and other players that help ensure the highest regulatory compliance standards are upheld in the financial industry. Each year, senior industry practitioners serve on a judging panel to help assess and score each submission to determine the winning entrants.
For a full list of the award 2024 winners, visit www.regulationasia.com/awards.
About Regulation Asia
Regulation Asia is the leading source of actionable regulatory intelligence for Asia Pacific markets. With over 13,000+ subscribers, including regulatory bodies, exchanges, banks, asset managers and service providers, Regulation Asia plays a key role in shaping the regulatory agenda.
Visit www.regulationasia.com or connect via LinkedIn or Twitter.
About Regnology
Regnology is a leading technology firm on a mission to bring safety and stability to the financial markets. With an exclusive focus on regulatory reporting and more than 35,000 financial institutions, 70 regulators, international organizations, and tax authorities relying on our solutions to process their regulatory reporting data, we are uniquely positioned to bring greater data quality, efficiency, and cost savings to all market participants. With over 900 employees in 16 countries and a unified data ingestion model powering our work, our clients can quickly implement and derive value from our solutions and easily keep pace with ongoing regulatory changes. Regnology was formed in 2021 when BearingPoint RegTech, a former business unit of BearingPoint Group, joined forces with Vizor Software, a global leader in regulatory and supervisory technology. The company is on a continued organic and external growth path, building up as one of the world’s most recognized regulatory reporting powerhouses.
For more information about Regnology, connect with us on LinkedIn and X.
Visit our website: www.regnology.net.
Contact
Mireille Adebiyi, Chief Marketing Officer
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