German regtech startup Regnology has acquired b.fine, a Belgian regtech firm which helps financial institutions enhance their reporting supply chain.
b.fine’s platform helps financial institutions digitise, automate and manage their regulatory reporting processes, providing them better oversight of their different regulatory reporting streams.
Founded in 2017 and headquartered in Brussels, b.fine has a team of nearly 50 that serves over 30 institutional clients across banks, insurance companies and investment firms.
b.fine’s cloud-enabled technology is expected to enhance Regnology’s last-mile reporting capabilities and accelerate its ability to serve an extended pan-European market.
“b.fine has a fantastic track record of growth, and in delivering quality solutions to clients. Right from the start we were impressed by what the company has achieved in such a short space of time,”
said Rob Mackay, CEO of Regnology.
“We are looking forward to becoming part of the incredibly successful team at Regnology, with a shared vision to help clients adapt to the demands of an increasingly complex regulatory system,”
said Klaas Van Imschoot, CEO of b.fine.