Regnology acquires Metadata Technology 05 May 2023UK Reporter: Carmella Haswell
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Software and regulatory reporting solutions provider Regnology has acquired Metadata Technology to enhance its technology offering.
Regnology says the acquisition marks a step forward in its ambition to serve the community of regulators and regulated financial institutions.
Regnology adds that it aims to serve organisations by providing solutions designed to address 鈥渢he data conundrum鈥� and regulatory complexity with streamlined workflows and increased efficiency.
As part of the acquisition, Regnology will take over UK-based firm Metadata, which provides Statistical Data and Metadata eXchange (SDMX) solutions for central banks and national statistics authorities.
SDMX is an ISO standard designed to describe statistical data and metadata while improving sharing across statistical organisations and institutions.
Metadata鈥檚 software solutions are built on open-source technology, in particular, the Fusion Metadata Registry (FMR), which currently empowers more than 450 statistical agencies globally with structural SDMX metadata registries.
Commenting on the acquisition, chief revenue officer at Regnology Maciej Piechocki says: 鈥淭he team at Metadata has built a stand-out technology trusted by central banks and statistical agencies across the globe.
鈥淲e 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 pleased to be able to bring an enhanced offering to our existing community of regulators and authority bodies.鈥�
Chris Nelson, CEO of Metadata and founder of the SDMX protocol, adds: 鈥淟ooking back to 2005, the ambition behind the introduction of SDMX was to reduce the cost and time-to-market of statistical data and metadata.
鈥淔ast-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.鈥�
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