Following the Bank of England’s ‘Dear CEO’ letter of September 2021 and the PRA’s and the FCA’s continuous efforts to improve the financial sector’s reliability, governance and investment in regulatory reporting, Jaywing and Suade Labs have launched their new partnership.
Recognised as a leader in the financial industry, Suade was named ‘Global Innovator’ by the World Economic Forum. Suade is a RegTech firm offering Regulation-as-a-Service to automate regulatory reporting and compliance for financial institutions. Their solution removes the onus from firms to interpret regulation for reporting - enabling firms to track decision-making processes, facilitating auditability and connecting front and back offices. Firms can use Suade’s technology to automate regulatory data requirements, minimise the cost of change involved with each new iteration of financial regulations, and save valuable internal resource.
Jaywing was founded as a data analytics and marketing company and, over the 20+ years since then, our experts have added data management, data strategy and a strong understanding of regulatory risk to the mix. Quality regulatory reporting begins with strong underlying data, our consultants help firms address their long-term data management requirements by providing practical and strategic support. In conjunction with Suade, our experts can work with banks to help install and derive maximum value from Suade’s unique regulatory reporting solution.
Charlie Quarterman, Suade Labs' Head of Partnerships, said: “Suade is excited to announce a new partnership with Jaywing whose expertise in risk data match Suade’s interests in the space. We look forward to a fruitful partnership focused on helping firms make the most of their data through effective strategies designed for powerful business decisions.”
Dean Mitchell, Jaywing's Regulatory Risk Practice Director, said: “Jaywing’s tradition of supplying a range of data related solutions for the financial services sector has been broadened considerably with the announcement of the partnership with Suade. The future use of data in financial organisations is only going to increase in importance as technology continues to advance at such a rapid pace. We look forward to working with Suade to help financial organisations maximise the accuracy of the data they hold.”