Frankfurt-based Regnology, a company that focuses on regulatory reporting solutions, announced that it has acquired UK-based Metadata Technology, a provider of Statistical Data and Metadata eXchange (SDMX) solutions for central banks and national statistics authorities.
SDMX is an ISO standard created to characterise statistical data and metadata and enhance effective exchange across statistical organisations and institutions. It is funded by seven international groups.
This deal comes after Regnology’s 2021 acquisition of Vizor SupTech, an integrated data collection software used by regulators around the world.
SDMX software for official statistics
Founded in 2005 by Chris Nelson, Metadata Technology specialises in offering SDMX solutions, software tools, and consulting services.
Metadata’s solutions are based on open-source technology, Fusion Metadata Registry (FMR), which presently provides structural SDMX metadata registries to over 450 statistics agencies in 150+ countries.
Fusion Registry, a cloud-enabled commercial software, gives multinational enterprises the extra capabilities required to handle the whole data lifecycle, from data collection and integration through storage and processing to disseminating aggregated data.
Chris Nelson says, “Looking back into 2005, the ambition behind the introduction of SDMX was to reduce the cost and time-to-market of statistical data and metadata. Fast-forward to today, we help empower a vibrant and ever-growing global SDMX community with better-quality statistics. We are confident this acquisition will pave the way for more benefits in the future.”
Aim of the acquisition
Regnology’s regulatory technology helps central banks, regulators, and supervisory agencies “easily” gather relevant data, detect risks, and obtain insight for quicker decision-making in ever-changing markets.
Maciej Piechocki, Chief Revenue Officer of Regnology, says, “The team at Metadata has built a stand-out technology trusted by central banks and statistical agencies across the globe. We are committed to pursuing the effort to foster widespread SDMX adoption to alleviate the strain of reporting and further increase statistical processing efficiency.”
“Through the deal, we are also pleased to be able to bring an enhanced offering to our existing community of regulators and authority bodies,” adds Piechocki.
Regnology claims that this acquisition is another milestone in its mission to provide “best-in-class” solutions to the community of regulators and regulated financial institutions that address the data dilemma and regulatory complexity with improved processes and increased efficiency.
Currently, Regnology has over 34,000 financial institutions, 50 regulators and tax authorities relying on its solutions.
Regnology was established 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.