Clearstream to Use Regnology's Rcloud Solution for Regulatory Reporting

Regnology, a leading software provider with a focus on regulatory reporting solutions, announced that its client Clearstream Banking AG, central securities depository and leading provider of global post-trade services belonged to Deutsche Börse Group, has signed on to use its Rcloud technology (powered by Google Cloud Platform (GCP)). The migration is subject to regulators' approvals. 

Regnology launched its Rcloud solution in partnership with Google Cloud in November 2022. The Rcloud platform delivers better scalability along with and fast report submission and up-to-date reporting data and software, offering comprehensive benefits of a modern regulatory-as-a-service solution. 

"Clearstream's decision to move to the Rcloud platform is a landmark moment because of the trust that Clearstream put in our technological partnership with Google Cloud," said Antoine Moreau, Chief Technology Officer at Regnology.

"As one of our valued clients, Clearstream Banking AG has relied on our regulatory expertise and technology to support their reporting obligations for years. Due to its position and status as one of Europe's most heavily regulated entities, Clearstream's selection of Rcloud speaks volumes about their trust in our depth of knowledge and the added scalability and performance benefits of our cloud solution. We see cloud adoption acceleration amongst our customers and believe our regulatory expertise team with the GCP know-how can help build the foundation for an industry cloud approach to financial services regulatory reporting," added Maciej Piechocki, Regnology's Chief Revenue Officer.

"With our hybrid, multi-cloud strategy, Deutsche Börse Group sets new standards for cloud innovation across the financial services industry. We are very satisfied to be one of the first institutions to sign on to the Rcloud platform. In Regnology, we found an excellent partner for the next step on Clearstream's cloud journey, supporting our clients with state-of-the-art regulatory reporting solutions," said Clearstream Banking AG CTO, Volker Riebesell.