insight / Blog

Client Success Story: Bank Delen and RiskConcile

02.09.2024
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Toon Daenen

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Introduction

In 2020, Bank Delen, a private bank both active in Belgium and Luxembourg with over €40 billion under managements, sought a reliable partner to assist with a variety of complex regulatory challenges, including PRIIPs KID production. After a thorough evaluation, RiskConcile emerged as the partner of choice. Our combination of strong technology and deep expertise in complex calculations/regulations positioned us as the ideal service provider for their needs. 

A Growing Partnership Built on Trust and Efficiency

Since the initial collaboration, the partnership between Bank Delen and RiskConcile has grown significantly. Beyond the production of PRIIPs KID, EPT, and EMT, the scope of our services expanded further in 2022 to include SFDR reporting. More recently, our collaboration has extended to an innovative project aimed at providing Bank Delen with a deeper understanding of their funds' liquidity profiles through advanced liquidity stress testing as well as Solvency II TPT production. . 

Testimonial Bank Delen

“RiskConcile is small, but in a good way. Everyone is very up to speed with whatever he or she has to do. It is very convenient for us to speak to anyone and receive professional answers. It’s like a one-stop shop for regulatory documents. It is very nice to have a partner like that.” 

Jean-Louis de Hasque

Fund and Sustainability Manager at Bank Delen

Adaptability and Innovation: Key to Seamless Onboarding

The success of this partnership can be attributed to RiskConcile’s ability to adapt to the client’s unique workflows. Rather than imposing a rigid system, we integrate seamlessly into the existing frameworks of our clients. For Bank Delen, this meant: 

  • Flexible Data Integration: Ingesting data in their preferred formats. 
  • Customized Solutions: Building a single source of truth (a “golden source”) based on their data.
  • Scalable Framework: Enabling the effortless onboarding of new regulatory products and services. 

This client-centric approach not only ensured a smooth onboarding experience but also created a foundation for sustained growth and new opportunities. 

A Future-Focused Partnership

Our collaboration with Bank Delen underscores RiskConcile’s commitment to delivering tailored, scalable, and future-proof regulatory solutions. By combining deep industry expertise with technological agility, we enable clients like Bank Delen to navigate regulatory complexities confidently and efficiently. 

We look forward to continuing our work with Bank Delen and supporting them in achieving even greater regulatory clarity and operational efficiency.