What solutions does Invoke offer?
Invoke is a SaaS software publisher, whose business is to offer tax, financial and regulatory information processing platforms. We have three businesses: RegTech, which allows banks, insurers and listed companies to comply with regulatory requirements, and its counterpart, SupTech, a technology that allows control authorities to collect, store and analyze the data produced by these companies, with in order to verify that the financial system is stable and resilient.
This ability to be on both sides of the mirror is specific to Invoke, we are just two European players in this case, and this brings serenity to our customers. Finally, our historical business is to offer solutions to manage the taxation of large groups and ETI: today we are the French benchmark in this area.
How should companies be agile in the face of increasing regulatory obligations?
Regulations are constantly changing, new formats and rules appear. Thanks to Invoke, our clients always comply. We have to be extremely receptive. In 2020, for example, the introduction of state-guaranteed loans constituted a new type of risk, which regulators wanted to control. We quickly brought our solutions into compliance so that our customers could communicate this information in the expected way.
By being in constant dialogue with the control authorities, we have a very clear vision of future regulations, which we can bring to our clients.
With the rise of the cloud, why is security such a critical issue?
Historically, our solutions are installed in our clients’ information systems. More and more, they ask us to host them ourselves. Now almost 50% of our customers are hosted on Invoke, but mostly more than 9 out of 10 new customers.
When processing extremely sensitive data, we must invest heavily in our IT architecture to protect it. Very soon, we made the decision to operate our own data center based in France, which assures customers that their data is safe with us.
How will financial information evolve in the coming years?
Faced with the exponential increase in information obligations, the European Commission has launched a strategy to simplify and modernize the system by 2027. A real “big bang” is looming for the financial sector, which will have to send frequent and voluminous flows of detailed data. that regulators will scrutinize. This is our double challenge today: technically preparing tomorrow’s solutions and helping our customers anticipate this profound change.
This content was produced with SCRIBEO. The BFM BUSINESS editorial team was not involved in the production of this content.
Source: BFM TV
