Business
Regulation Asia recognizes Adenza’s RegCloud® and Regulatory Change Management Offerings
The prestigious Best Regulatory Change Management Initiative award highlights the value Adenza brings to its risk and financial regulatory reporting clients
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[{"type":"text","content":"The prestigious Best Regulatory Change Management Initiative award highlights the value Adenza brings to its risk and financial regulatory reporting clients through its robust SaaS capabilities.\n Adenza is honored to have received the Best Regulatory Change Management Initiative award, a strong testament to a growing RegCloud client community and global market adoption. Regulation Asia’s editors perfectly articulated RegCloud’s benefits in their press release entitled “Adenza Awarded Best Regulatory Change Management Initiative” and published in Singapore/Hong Kong on November 14, 2023. We are proud to quote it in its entirety here.\n \n Adenza was awarded Best Regulatory Change Management Initiative in the 6th Regulation Asia Awards for Excellence 2023 at an in-person ceremony on 14 November 2023. \n This award acknowledges platforms, solutions, and services that enable financial institutions to monitor regulatory changes, make informed decisions, and effectively plan for required changes, including through strategic guidance, innovative technology, and workflow management tools.\n Adenza was recognised for RegCloud, a data management and regulatory reporting SaaS offering which is provided alongside operational support and regulatory change services. Adenza’s regulatory reporting solutions cover 110 regulators, 55 jurisdictions and more than 5,000 reports, including those related to ESG, liquidity, credit, and capital requirements. The dedicated global regulatory monitoring service tracks over 90 jurisdictions for changes.\n Adenza analyses regulatory changes to identify how they will impact clients and technology, shares this information with clients, and proceeds to write the specifications and build the changes into its solutions, bolstered by quality control checks. The company offers a clear process for end-to-end change management, as well as dedicated operational support services that enable firms to offload BAU tasks to Adenza and ease the compliance burden.\n Judges on the Regulation Asia awards panel highlighted that Adenza’s regulatory change service builds on the firm’s “significant expertise” in the data management and regulatory reporting domain, and its “long history of collaborating with regulators and industry.”\n Judges noted that the high frequency and complexity of changes in the regulatory reporting...