In the words of João Nuno Bento, CEO of Novabase, “I am very happy and proud of my team for winning the Central Banking FinTech & RegTech Award. It is a deserved reward for all the effort they have put in Symetria® and validates our vision that regulatory reporting can be a value generator for banks if approached the right way. No bank can take regulatory compliance out of the equation. But being able to report in a quick and automated way, getting huge business value on top, is what can make an institution to stand out from the competition. When creating Symetria®, we had the vision that Financial Institutions could not only simplify but take value from regulatory reporting and that vision is materializing now. Thank you for your recognition.”
Symetria® is Novabase’s solution that aims to facilitate data reporting for banks and financial institutions. This solution integrates all data sources, allowing banks and financial institutions to report information requested by regulators in a timely and transparent manner. With reporting across multiple jurisdictions and a powerful analysis and validation tool that ensures the quality of reported data, Symetria® enables institutions to better control operational risk.
In Portugal, the solution has clients such as Novo Banco, Bankinter, Millennium BCP and BIG, among others.