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.
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.
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.
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.
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.
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.
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.”
Judges noted that the high frequency and complexity of changes in the regulatory reporting space make compliance a significant challenge for financial institutions, especially those operating in multiple jurisdictions. “Adenza’s proactive approach to integrating new requirements in its technology and providing operational support is one of the reasons why its solutions are widely adopted,” one judge said.
We are honored to receive another Regulation Asia Award for Excellence this year, and especially for this category. Many clients are partnering with us to accelerate their cloud transformation journey, leveraging our dedicated team of change management professionals, advanced automation, and tooling to reduce TCO and improve regulatory reporting quality. With Adenza’s cloud services, financial institutions can leverage our best practices for scalability, security, and automation while taking advantage of a well-architected, high-performing, resilient, and efficient infrastructure for regulatory workloads and change management.
About Regulation Asia
Regulation Asia is the leading source of actionable regulatory intelligence for Asia Pacific markets. With over 12,000 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 the Regulation Asia Awards for Excellence 2023
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 2023 award winners, visit www.regulationasia.com/awards.
ABOUT ADENZA
Adenza provides customers with end-to-end, trading, treasury, risk management and regulatory compliance platforms which can be delivered on-premises or via the cloud. Adenza enables financial institutions to consolidate and streamline their operations with front-to-back solutions integrated with data management and reporting, benefitting from a single source of truth across the business. With headquarters in London and New York, Adenza has more than 60,000 users across the world’s largest financial institutions spanning global and regional banks, broker dealers, insurers, asset managers, pension funds, hedge funds, central banks, stock exchanges and clearing houses, securities services providers and corporates.
Nasdaq, Inc. acquired Adenza in November 2023 as part of the Nasdaq Financial Technology Division.
Press contact
Herve de Laforcade
Global Head of Marketing, Adenza
Email: herve.delaforcade@adenza.com
