Rabobank decided not to host the software on premise, but to have it operated by BearingPoint RegTech on the digital RegTech Factory as a managed service or, more common in regulatory reporting, RaaS (Regulatory-as-a-Service). "We were looking for a solution provider, who is able to really unburden us from regulatory reporting efforts by delivering both a standardized reporting software and managed services including regulatory maintenance of the solution," explains Margriet Simons - Manager FRC Reporting, Rabobank. "Rabobank's decision is a very important milestone for BearingPoint RegTech in two respects: firstly, it is a major step for our international expansion, and secondly it underlines the importance of our RegTech Factory strategy, " comments Jürgen Lux, CEO, BearingPoint RegTech.