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News Article | May 2, 2017
Site: www.businesswire.com

AMSTERDAM--(BUSINESS WIRE)--Management and technology consultancy BearingPoint today announced the appointment of Patrick Palmgren as its new Chief Development Officer (CDO). Mr. Palmgren succeeds Per Jacobsson, who retired at the end of April. Mr. Palmgren fully takes over the CDO role after a transition period that began in January 2017. He has been a Partner at BearingPoint since 2005 and has extensive experience in management consulting spanning more than two decades. In his role as CDO, he leads the firm’s strategic development process supporting BearingPoint’s market positioning, portfolio management, strategic bets and the management of all M&A and Venture activities. Mr. Palmgren also acts as the regional leader of the firm’s Nordic Practice – Denmark, Finland, Norway, and Sweden. He also often serves as an expert speaker in the areas of business and digital transformation. “Patrick has the right skill set to be our Chief Development Officer, with extensive client experience in strategy development, private equity and transactions,” said Peter Mockler, Managing Partner of BearingPoint. “He has an outstanding track record in the industry and has been an exceptional leader at our firm for over a decade. I look forward to working closely with him in reaching our revenue ambition of €1 billion by 2020. I also want to thank Per for his many years of highly valuable service since the management buyout in 2009 and ensuring an effective succession during the transition phase. In his role as CDO, Per pushed forward the global expansion, introduced the three-pronged structure of BearingPoint, and initiated the foundation of the BearingPoint Institute. He contributed massively to the success of our firm.” Mr. Palmgren commented: “I am very excited to be the new CDO of BearingPoint. Over the years with BearingPoint, I have held many stimulating client and leadership roles and have had the opportunity to work across different practices in Europe. I will put this experience to use as CDO. Execution is what makes a strategy count. Successful execution starts with a good strategy development process, and this process will be a key focus of mine in 2017. Another important part of successful execution that is often overlooked is to have frequent and transparent communication, both internally and externally, on our strategy-to-results development, performance progress, and any mitigating actions.” BearingPoint is an independent management and technology consultancy with European roots and a global reach. The company operates in three units: Consulting, Solutions and Ventures. Consulting covers the advisory business; Solutions provides the tools for successful digital transformation, regulatory technology and advanced analytics; Ventures drives the financing and development of start-ups. BearingPoint’s clients include many of the world’s leading companies and organizations. The firm has a global consulting network with more than 10,000 people and supports clients in over 75 countries, engaging with them to achieve measurable and sustainable success. For more information, please visit:


News Article | February 15, 2017
Site: www.prweb.com

Kelly Mire, a 25-year veteran of federal IT and management consulting services, has joined Koniag Government Services (KGS) as President of of Koniag Services Inc. (KSI) Kelly is fully responsible for driving the advancement of the KSI mission and objectives. He leads all aspects of delivering information technology and services for client success, revenue, profitability and growth of KSI. Prior to this appointment, Mire held executive leadership positions with large management consulting organizations where he drove the expansion of client relationships by developing and delivering complex IT services and solutions. He has successfully built and managed large and highly proficient capability teams working across a broad and diverse client portfolio, consistently focused on delivering valued results within mission critical technology programs. Mire held executive leadership positions at Deloitte Consulting and BearingPoint, focused on revenue growth and management within public sector IT for health, defense and civilian markets. Koniag Government Service’s CEO, Ed O’Hare, commented: “The addition of Kelly strengthens our team with an executive experienced with managing complex organizations and with tremendous experience in strategy development specifically within the Health IT Industry ensuring the future success of KSI." About Koniag Government Services Koniag, Inc. is one of the 13 Alaska Native regional corporations established in 1971 by the Alaska Native Claims Settlement Act (ANCSA). Koniag represents the Alutiiq people from Alaska’s Kodiak Island region. Koniag Government Services has supported the DoD and Civilian communities since 1994 specializing in Information Technology, IT Security, Infrastructure Support, Application Development, and Management Consulting Services. Headquartered in Chantilly, Va., and supporting clients in eleven states across the country, Koniag Government Services has built a solid reputation for performance excellence and dedication to our client’s mission. For more information, please visit http://www.KoniagGSS.com.


Receive press releases from The Knowledge Group: By Email Michael L. Whitener, Partner, VLP Law Group LLP to Speak at the Knowledge Group’s Event The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Michael L. Whitener, Partner, VLP Law Group LLP will speak at the Knowledge Group’s webcast entitled: “Your Website’s Terms of Use and Privacy Policy: Significant Issues for Consideration Live Webcast.” This event is scheduled for Tuesday, January 24, 2017 @ 3:00 PM to 5:00 PM (ET). New York, NY, November 08, 2016 --( Michael L. Whitener is a partner with VLP Law Group, based in Washington, DC. His legal practice focuses on technology transactions, including drafting and negotiating agreements relating to software and patent licensing, alliances, reseller and referral arrangements, cloud computing and other internet services, and website terms of service. He also provides advice regarding data privacy and cybersecurity, and has received all of the certifications offered by the International Association of Privacy Professionals (IAPP), including being designated as a Fellow of Information Privacy. Michael was previously in-house counsel with BearingPoint (based in Sydney) and WorldSpace (based in Singapore), and was in private practice with Hogan Lovells and Sidley Austin in DC and New York. He is a graduate of the University of Virginia School of Law. About VLP Law Group LLP VLP offers a broad variety of business and transactional services to companies, financial institutions, investors and universities throughout the nation. Our attorneys provide counsel and strategic representation in a diverse range of practice areas. VLP’s clients include businesses of all sizes, from entrepreneurs and early-stage startups to Fortune 100 companies operating in a wide cross section of industries. Event Synopsis: The Terms of Use and Privacy Policy may seem to be the dullest pages of a website, but it could become the sources of unwanted liability for businesses. In order to avoid unwanted liabilities, it is important for businesses to consider several issues when drafting and managing a website’s Terms of Use and Privacy Policy. Among these issues include compliance with privacy laws of countries where a website is accessible to visitors and customers. In this two-hour LIVE Webcast, a panel of distinguished professionals and thought leaders brought together by The Knowledge Group will help businesses understand the significant issues to consider when developing a website Terms of Use and Privacy Policy. They will offer best practices in drafting and managing your website's Terms of Use and Privacy Policy to avoid unwanted pitfalls. Some of the major topics that will be covered in this course are: - Terms of Use and Privacy Policy Overview - Basic Elements of Terms of Use and Privacy Policy - Do's and Don'ts for Creating Terms of Use and Privacy Policy - Regulatory Considerations - Recent Updates About The Knowledge Group/The Knowledge Congress Live Webcast Series The Knowledge Group was established with the mission to produce unbiased, objective, and educational live webinars that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format. To contact or register for an event, please visit: http://theknowledgegroup.org/ New York, NY, November 08, 2016 --( PR.com )-- About Michael L. WhitenerMichael L. Whitener is a partner with VLP Law Group, based in Washington, DC. His legal practice focuses on technology transactions, including drafting and negotiating agreements relating to software and patent licensing, alliances, reseller and referral arrangements, cloud computing and other internet services, and website terms of service. He also provides advice regarding data privacy and cybersecurity, and has received all of the certifications offered by the International Association of Privacy Professionals (IAPP), including being designated as a Fellow of Information Privacy. Michael was previously in-house counsel with BearingPoint (based in Sydney) and WorldSpace (based in Singapore), and was in private practice with Hogan Lovells and Sidley Austin in DC and New York. He is a graduate of the University of Virginia School of Law.About VLP Law Group LLPVLP offers a broad variety of business and transactional services to companies, financial institutions, investors and universities throughout the nation. Our attorneys provide counsel and strategic representation in a diverse range of practice areas. VLP’s clients include businesses of all sizes, from entrepreneurs and early-stage startups to Fortune 100 companies operating in a wide cross section of industries.Event Synopsis:The Terms of Use and Privacy Policy may seem to be the dullest pages of a website, but it could become the sources of unwanted liability for businesses. In order to avoid unwanted liabilities, it is important for businesses to consider several issues when drafting and managing a website’s Terms of Use and Privacy Policy. Among these issues include compliance with privacy laws of countries where a website is accessible to visitors and customers.In this two-hour LIVE Webcast, a panel of distinguished professionals and thought leaders brought together by The Knowledge Group will help businesses understand the significant issues to consider when developing a website Terms of Use and Privacy Policy. They will offer best practices in drafting and managing your website's Terms of Use and Privacy Policy to avoid unwanted pitfalls.Some of the major topics that will be covered in this course are:- Terms of Use and Privacy Policy Overview- Basic Elements of Terms of Use and Privacy Policy- Do's and Don'ts for Creating Terms of Use and Privacy Policy- Regulatory Considerations- Recent UpdatesAbout The Knowledge Group/The Knowledge Congress Live Webcast SeriesThe Knowledge Group was established with the mission to produce unbiased, objective, and educational live webinars that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format. To contact or register for an event, please visit: http://theknowledgegroup.org/ Click here to view the company profile of The Knowledge Group Click here to view the list of recent Press Releases from The Knowledge Group


News Article | February 23, 2017
Site: www.prnewswire.co.uk

BearingPoint and SAP combine leading technologies Abacus360 and SAP HANA on one integrated platform for Finance, Risk, and Reporting Management and technology consultancy BearingPoint, a leading provider of Risk and Regulatory Technology (RiskTech/RegTech), will offer its new software generation Abacus360 on SAP HANA and plans a seamless integration into the SAP Financial Data Base powered by SAP HANA. The aim is to map finance, risk and reporting information in an efficient and high-performing way. The new integrated platform is for 360° reporting, risk calculation, and controlling regulatory Key Performance Indicators (KPIs). The platform is based on an innovative calculation engine that uses technologies like in-memory processing and grid architectures. Abacus360 facilitates a combination of regulatory data management with the Finance and Risk Data Platform of SAP, which is based on SAP HANA architecture. Stefan Schütt, Partner at BearingPoint, explains: "Extending the FRDP (Finance and Risk Data Platform) data model to data required for regulatory reporting transforms FRDP into a comprehensive overarching data warehouse for banks. By seamlessly integrating our RegTech solution on the SAP platform, SAP's FRDP becomes a leading, fully scalable Finance and Risk platform for regulatory reporting. Banks need new technological solutions capable of processing and analyzing big data in Finance, Risk, and Reporting on the fly." Dr. Nico Kohler, Global Head of Finance & Risk at SAP, comments: "The combination of SAP data management expertise through HANA technology and the regulatory processes based on BearingPoint's Abacus360 brings huge advantages for banks: less redundant data, rapid analysis of big data and easier implementation of future regulatory requirements, just to name a few. The SAP platform enables banks to use SAP modules and best-of-breed partner solutions such as Abacus360 on one integrated data platform." Key benefits of the combined Finance and Risk platform are a uniform, non-redundant data storage, fully scalable in-memory processing, and continuous maintenance. As the solution integrates reporting, risk and finance applications based on a uniform data model, it meets BCBS 239 principles for risk data aggregation and reporting. Furthermore, the solution meets the data lineage requirements through a Complete Audit Trail (CAT). The partnership between BearingPoint and SAP has been ongoing for many years. ABACUS/IIR has been integrated with SAP Bank Analyzer since 2011. With SAP Bank Analyzer 9.0, the product already runs on SAP HANA. The new generation of Abacus360 is a technological advancement of the Abacus platform, proven over more than 20 years, and offers standard reporting modules for many jurisdictions, modules for risk and valuation, simulations, and risk quantification. Moreover, Abacus360 provides comprehensive functional components for instance for regulatory analytics, which facilitate simulations, detailed ex-post analyses, and flexible evaluations across reporting due dates. A major innovation of Abacus360 is "reporting at the push of a button." With the new generation, regulatory processes become more transparent and efficient. With its RegTech product line, BearingPoint is a leading international provider of innovative regulatory and risk technology solutions (RegTech and RiskTech) and services along the Regulatory Value Chain for Financial Services. Customers representing 5,000 firms worldwide, among them large international banks, a major part of the largest European banks, leading insurance companies as well as supervisory authorities and central banks, trust BearingPoint's RegTech products and services. We work closely with regulators and as a member of standardization bodies such as XBRL consortium, we actively contribute to the process of standard setting. We combine our regulatory expertise with our proven, reliable and future-oriented RegTech Solution Suite and expert consulting capabilities as well as training seminars and managed services. For more information about our products, please visit: http://www.bessgmbh.com/en/ BearingPoint consultants understand that the world of business changes constantly and that the resulting complexities demand intelligent and adaptive solutions. Our clients, whether in commercial or financial industries or in government, experience real results when they work with us. We combine industry, operational and technology skills with relevant proprietary and other assets in order to tailor solutions for each client's individual challenges. This adaptive approach is at the heart of our culture and has led to long-standing relationships with many of the world's leading companies and organizations. Our global consulting network of more than 10,000 people serves clients in over 75 countries and engages with them for measurable results and long-lasting success. For more information, please visit:


News Article | February 28, 2017
Site: www.businesswire.com

AMSTERDAM & MILAN--(BUSINESS WIRE)--Management and technology consultancy BearingPoint has acquired a manufacturing and operations consulting unit in Italy comprising more than 30 industry experts. This transaction expands the firm’s capabilities in production industries and will serve as an enabler for further growth in BearingPoint’s Italian practice led by Rabih Hamdan. With this acquisition, the consultancy serves among others all major automotive clients in Europe and further strengthens its offerings in the areas of supply chain, engineering, manufacturing/quality and IT advisory. The new team will be integrated into BearingPoint’s Consulting unit, creating a combined force of more than 600 experts focused on production industries. Its know-how is available to clients in Italy and across Europe with immediate effect. “This acquisition is a fine example of our strategy to integrate smaller, bolt-on teams that can quickly and sustainably expand our capacities and fuel our growth. Our clients will rapidly enjoy the benefits of this addition to our roster,” said Peter Mockler, Managing Partner BearingPoint. “Manufacturing is one of the most important growth segments in our firm-wide strategy as the industry is undergoing major transformations. The acquisition of this experienced team reinforces our operations capabilities, and we are very excited about the growth opportunities it opens up for us in Italy and around the globe,” added Matthias Loebich, Global Leader Production Industries BearingPoint. BearingPoint consultants understand that the world of business changes constantly and that the resulting complexities demand intelligent and adaptive solutions. Our clients, whether in commercial or financial industries or in government, experience real results when they work with us. We combine industry, operational and technology skills with relevant proprietary and other assets in order to tailor solutions for each client’s individual challenges. This adaptive approach is at the heart of our culture and has led to long-standing relationships with many of the world’s leading companies and organizations. Our global consulting network of more than 10,000 people serves clients in over 75 countries and engages with them for measurable results and long-lasting success. For more information, please visit:


News Article | December 12, 2016
Site: www.businesswire.com

AMSTERDAM--(BUSINESS WIRE)--With the upcoming Automatic Exchange of Information (AEOI) and its resulting tax reporting complexity, combining on- and off-shore tax applications within a single platform is one of the most time- and cost-effective approaches. BearingPoint is extending its current EasyTax application to include on-shore tax calculation and reporting capabilities. Based on tax law applicable to a bank’s domicile, the module enables the calculation of the tax amount to be debited by the bank acting as paying agent. It handles the tax reports required by tax authorities as well as client tax reports. Modules for France and Spain go live at the beginning of 2017 and for Belgium, Italy and the UK later next year. “Clients require the same quality and standard of tax reporting services from their wealth managers irrespective of where they placed their assets. What we see in the market is a trend of consolidation, whereby financial institutions are providing more and more tax services from a single tax platform,” says Ronald Frey, Partner at BearingPoint. BearingPoint’s EasyTax standard solution produces high quality, jurisdiction-specific tax reports. It already covers 20 jurisdictions with its country specific off-shore modules (Austria, Belgium, Brazil, Chile, Denmark, Finland, France, Germany, Israel, Italy, Luxemburg, Mexico, Netherlands, Norway, Portugal, South Africa, Spain, Sweden, Switzerland and UK). EasyTax offers generic tax reporting including capital gain calculation using different compensation logics. EasyTax is BearingPoint’s standard software solution for producing country-specific tax reports enabling financial institutions to provide their clients with a service to ease their tax filing duties. More than 80 financial institutions worldwide already produce tax reports with EasyTax for their clients. EasyTax clients include private and wealth management banks, family offices, retail banks, banking package providers, and tax reporting service providers. EasyTax offers a range of country-specific reporting modules and services focusing on tax law, including: With its RegTech product line, BearingPoint is a leading international provider of innovative regulatory and risk technology solutions (RegTech and RiskTech) and services across the entire Regulatory Value Chain for Financial Services. Customers representing 5,000 firms worldwide, among them large international banks, a major part of the largest European banks, leading insurance companies as well as supervisory authorities and central banks, trust BearingPoint’s RegTech products and services. We work closely with regulators and as a member of standardization bodies like XBRL consortium, we actively contribute to the process of standard setting. We combine our regulatory expertise with our proven, reliable and future-oriented product suite and expert consulting capabilities as well as training seminars and managed services. BearingPoint consultants understand that the world of business changes constantly and that the resulting complexities demand intelligent and adaptive solutions. Our clients, whether in commercial or financial industries or in government, experience real results when they work with us. We combine industry, operational and technology skills with relevant proprietary and other assets in order to tailor solutions for each client’s individual challenges. This adaptive approach is at the heart of our culture and has led to long-standing relationships with many of the world’s leading companies and organizations. Our global consulting network of more than 10,000 people serves clients in over 75 countries and engages with them for measurable results and long-lasting success.


Le rapport RiskTech100® est mondialement reconnu comme étant l’évaluation la plus complète et la plus objective des principaux fournisseurs mondiaux de technologies de gestion des risques et de mise en conformité. S’appuyant sur une analyse approfondie réalisée pendant neuf mois par Chartis Research, le classement RiskTech100 évalue l’efficacité et les performances des principaux fournisseurs sur ce marché en pleine évolution. « Cette année, le classement comprend 30 catégories qui reflètent la diversité et la richesse du secteur des technologies de gestion des risques, ainsi que la portée et la flexibilité des analyses de Chartis », déclare Peyman Mestchian, directeur associé de Chartis Research. « Les catégories s’articulent autour des solutions, des segments de marché et des facteurs de succès. La remontée spectaculaire de 27 places de BearingPoint pour se classer parmi les 30 premiers fournisseurs a été l’une des évolutions les plus remarquables sur une année dans l’histoire du classement RiskTech100 et reflète l’investissement continu de BearingPoint dans la technologie, les fonctionnalités proposées et le thought-leadership . En outre, ses récentes activités stratégiques visant à étendre sa présence mondiale et sa stratégie de croissance globale ont impressionné l’équipe Chartis », ajoute-t-il. « Avec plus de 5 000 entreprises qui utilisent ses produits, BearingPoint est le premier fournisseur européen de solutions de reporting réglementaire et de gestion des risques; nous sommes fiers de notre forte progression dans le classement RiskTech100 2017 », déclare Maciej Piechocki, associé chez BearingPoint. « En ce qui concerne la satisfaction client, nous sommes ravis d’être le deuxième des 30 premiers fournisseurs mondiaux de solutions de gestion des risques. Ce résultat reflète clairement notre approche centrée sur le client et la confiance des clients envers nos produits de reporting réglementaire et de gestion des risques. De même, notre excellent résultat dans la catégorie des fonctionnalités est encourageant ; il reflète notre investissement permanent dans Abacus360, notre célèbre plate-forme de nouvelle génération, et l’intégration d’un large éventail de bibliothèques et de moteurs dédiés à la gestion quantitative des risques et à la finance », ajoute-t-il. BearingPoint est l’un des principaux fournisseurs mondiaux de solutions et de services innovants de reporting réglementaire et de gestion des risques (RegTech et RiskTech) dédiés à la chaîne de valeur réglementaire des services financiers. 5 000 entreprises, parmi lesquelles figurent de grandes banques internationales, la majorité des plus grandes banques européennes, des compagnies d’assurance de premier plan, ainsi que des autorités de contrôle et des banques centrales, font confiance aux produits et services RegTech de BearingPoint. Nous travaillons en étroite collaboration avec les organismes de réglementation et contribuons activement au processus de normalisation en tant que membre d’organismes de normalisation tels que le consortium XBRL. Nous combinons notre expertise réglementaire avec notre suite de solutions Abacus éprouvées, fiables et avant-gardistes, ainsi que des services de conseil, des séminaires de formation et des services gérés. Les consultants de BearingPoint savent que l'environnement économique change en permanence et que la complexité qui en découle nécessite des solutions audacieuses et agiles. Nos clients du secteur public comme privé obtiennent des résultats concrets lorsqu'ils travaillent avec nous. Nous conjuguons compétences sectorielles et opérationnelles avec notre expertise technologique et nos solutions propriétaires pour adapter nos services aux enjeux spécifiques de chaque client. Cette approche sur mesure est au cœur de notre culture et nous a permis de construire des relations de confiance avec les plus grandes organisations publiques et privées. Notre réseau global de 10 000 collaborateurs accompagne nos clients dans plus de 75 pays et s'engage à leurs côtés pour des résultats mesurables et un succès durable.


FRANKFURT--(BUSINESS WIRE)--#ABACUS--Management and technology consultancy BearingPoint, a leading provider of Risk and Regulatory Technology (RiskTech/RegTech), announced that it has been ranked 30th in the RiskTech100® report compiled by Chartis, an independent provider of research and analysis on global risk technology markets. The RiskTech100® Rankings are globally acknowledged as the most comprehensive and objective study of the world's major players in risk and compliance technology. Based on nine


News Article | March 1, 2017
Site: www.businesswire.com

MILANO--(BUSINESS WIRE)--La società europea di management e technology consulting BearingPoint ha acquisito un team di oltre 30 esperti in Italia operanti in ambito manufacturing e operations. L’operazione espande ulteriormente le conoscenze dell’azienda nel settore produttivo e rappresenta un importante elemento di crescita per il mercato italiano. Attraverso questa acquisizione, BearingPoint rafforza la propria offerta in ambito supply chain, engineering, manufacturing/quality e IT advisory, estendendo tali servizi anche a tutti i principali clienti del settore automotive in Europa. Il nuovo team entrerà a far parte dell’unità di consulting di BearingPoint in sinergia con gli oltre 600 esperti dedicati all’industry production. Il know-how e le competenze del nuovo team sono già a disposizione dei clienti in Italia e in Europa. Rabih Hamdan, Italian Practice Leader di BearingPoint, aggiunge: “Il settore del manufacturing è uno dei segmenti di crescita più rilevanti per la nostra azienda in Italia e nel resto del mondo per via delle grandi trasformazioni che l’industria sta attraversando. L’acquisizione di questo team e della sua esperienza rafforza le nostre capabilities in ambito operations e sono davvero convinto delle ulteriori opportunità di crescita che ne potranno derivare per l’Italia. Tali capacità e offering rispondono perfettamente alle esigenze dei nostri clienti. In più, condividiamo con il nuovo team la stessa cultura imprenditoriale, l’approccio olistico e il rapporto di trusted advisor che ci lega ai nostri clienti”. I consulenti BearingPoint comprendono che il mondo del business è in continuo cambiamento e che le complessità derivanti necessitano di soluzioni intelligenti e personalizzate. I nostri clienti, del settore commerciale, finanziario o pubblico, riconoscono i risultati delle nostre collaborazioni. Siamo in grado di combinare conoscenze e capacità di industry, operative e tecnologiche, attraverso l’uso di asset proprietari e non, al fine di ritagliare soluzioni che rispondano alle sfide che ogni cliente si trova ad affrontare. Questo approccio adattivo è al cuore della nostra cultura e ci ha permesso di sviluppare relazioni durature con molte delle principali società e organizzazioni mondiali. Il nostro network globale di consulenza di oltre 10.000 consulenti serve clienti in più di 75 paesi e continuamente si confronta con loro per fornire risultati e successi misurabili e duraturi.


FRANKFURT AM MAIN, Germany--(BUSINESS WIRE)--Management and technology consultancy BearingPoint, a leading provider of Risk and Regulatory Technology (RiskTech/RegTech), was acknowledged as the “Regulatory reporting technology provider of the year” at the first Risk.net Buy-Side Awards. The judges’ panel honored BearingPoint for ABACUS/Solvency II, a tamper-proof, end-to-end reporting solution. Technology awards were given to specific products or product modules provided by third-party technology vendors to the buy-side of the market in recognition of best practices in designated areas. Maciej Piechocki, Partner at BearingPoint, commented: “The acknowledgement of ABACUS/Solvency II as the best regulatory reporting product makes us proud, as it clearly reflects our commitment to supply innovative and efficient technology to the insurance industry. The successful go-live of the Solvency II reporting in May 2016 was an important milestone for us. Now we are looking with confidence towards the first annual reporting due to be submitted in May 2017.” Rüdiger Lambrecht, Senior Manager at BearingPoint and product owner for ABACUS/Solvency II, stated: “The award indicates the trust our clients have in us, and their trust is important to us. We are continually working on improvements to the product and adding new features in line with customer needs. For example, we have extended our system to support the national specific templates (NSTs) for Ireland and France and are planning to support other countries as they define their NSTs. Among the latest developments is the introduction of an ABACUS/Solvency II KPI module, which allows analyzing the report data, defining and measuring key performance indicators (KPIs) as well as graphically visualizing them.” ABACUS/Solvency II is currently used by over 200 small, mid-size and large international insurers in 21 European countries. It covers the complete Pillar 3 workflow from data import, validation and sign-off to the final generation of regulator-ready Quantitative Reporting Templates (QRTs) in XBRL format. Because BearingPoint uses its own data model, ABACUS/Solvency II can automate many of the processes along the way. The software is available as an on-premise solution and as SaaS (Software-as-a-Service), with approximately 50 percent of clients opting for the latter. ABACUS/Solvency II is already widely trusted and endorsed by users: The Solvency II “Day 1” and first quarterly data submissions with ABACUS/Solvency II were a resounding success for BearingPoint’s customers across Europe. Since the Solvency II “Go-Live” in May 2016, BearingPoint clients have successfully generated and submitted their required reports to local supervisors, including the Central Bank of Ireland, the PRA (UK), BaFin (Germany), CAA (Luxembourg), FI (Sweden), IVASS (Italy), ACPR/Banque de France, and FMA (Austria). Furthermore, ABACUS/Solvency II has already been lauded by a variety of industry experts. In 2015, BearingPoint achieved a strong position in the Gartner Market Guide for Solvency II solutions, which analyzed the market of Solvency II solution providers. The ABACUS/Solvency II platform also received an award for “Best Regulatory Reporting Software” at the Insurance Risk Awards 2015 by Risk.net. The solution is based on BearingPoint’s proven Abacus platform, which is widely used by firms to meet their reporting requirements under Basel III, MiFID, EMIR and other directives. BearingPoint works closely with both regulators and the industry as part of its continuous development of Abacus, helping to keep it at the forefront of regulatory technology and expertise. With its RegTech product line, BearingPoint is a leading international provider of innovative regulatory and risk technology solutions (RegTech and RiskTech) and services along the Regulatory Value Chain for the financial services industry. Customers representing 5,000 firms worldwide, among them large international banks, a major part of the largest European banks, leading insurance companies as well as supervisory authorities and central banks, trust BearingPoint’s RegTech products and services. We work closely with regulators and are members of standardization bodies such as XBRL consortium. We actively contribute to the process of standard setting. We combine our regulatory expertise with our proven, reliable and future-oriented RegTech Solution Suite and expert consulting capabilities as well as training seminars and managed services. For more information about our products, please visit: http://www.reg.tech BearingPoint consultants understand that the world of business changes constantly and that the resulting complexities demand intelligent and adaptive solutions. Our clients, whether in commercial or financial industries or in government, experience real results when they work with us. We combine industry, operational and technology skills with relevant proprietary and other assets in order to tailor solutions for each client’s individual challenges. This adaptive approach is at the heart of our culture and has led to long-standing relationships with many of the world’s leading companies and organizations. Our global consulting network of more than 10,000 people serves clients in over 75 countries and engages with them for measurable results and long-lasting success. For more information, please visit:

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