As part of the ongoing digital transformation, FIBR (a trade name of Amsterdam Trade Bank N.V.) has selected Regnology’s flagship product Abacus360 Banking as Managed Service to automate its regulatory reporting processes.

FIBR is focused on providing essential funding to support SME businesses throughout Europe and has combined the stability of a bank with the agility and technology of a fintech. Fueled by retail savers, FIBR allows communities to support the growth of SMEs domestically and across Europe. FIBR partners with FIBR Tech Ltd., which is focused on building financing solutions for small and medium businesses across the UK, including business loans, revolving credit facilities and property lending.

Jaap Boersma, CTO at FIBR, commented: “The complexity of regulatory reporting continues to increase. To fully concentrate on our core business, we have decided to embark on an extensive digitalization journey to streamline processes wherever possible. We are convinced that Abacus360 Banking as Managed Service will significantly facilitate regulatory reporting for us by automating the process. Together with Regnology, we strive to create a more future-proof banking environment.”

Alexander Turlot, Country Lead the Netherlands at Regnology, added: “I am pleased that with FIBR we once again convinced a well-known financial institution of the added value of our innovative software solutions. We look forward to working together on the digitalization journey and supporting FIBR to meet regulatory requirements more easily and efficiently in the future.”