Bank of England adds Sopra Banking software to suppliers list

LONDON, UK:Sopra Banking Software, a world leader in banking software, solutions and services, is delighted to announce that it has today been added to the Bank of England's list of recognised software suppliers in that they are able to transmit data in the required format.

Recognition by the Bank of England to meet this criterion was dependent on the successful testing of the electronic transmission of all Bank of England Statistical returns from the Sopra Banking report software package.

On being included on the Bank's list, Ahmed Michla, Head of Business Solutions at Sopra Banking Software commented, "The need to satisfy the growing demands on compliance and regulation functions continue to challenge UK financial services organisations. They are looking for a partner with not only a solid track record of delivering focused solutions but also fully accredited, so it is important to have been recognised by the Bank here in this vital category."

Sopra Banking Software provides regulatory reporting software to over 70 financial services in 17 European countries.