Case Study: the Financial Conduct Authority transforms regulatory data submission with Sopra Steria

Financial Conduct Authority transforms regulatory data submission for 120,000 users with Sopra Steria

The Financial Conduct Authority (FCA) faced the challenge of replacing its outdated Gabriel regulatory data submission platform, which was difficult for its 52,000 firms and 120,000 users. The legacy system, housed in a physical data center, risked losing user trust and lacked real-time capabilities. Sopra Steria was chosen to support the FCA's transformation program by migrating data to the new, user-centric cloud-based RegData platform.

Sopra Steria implemented an incremental migration strategy, moving firms in phased cohorts based on their reporting complexity to ensure no disruption to regular submission cycles. This approach, supported by close collaboration with the FCA and other technology suppliers, ensured data was accurately transferred, tested, and remained secure. Sopra Steria successfully delivered a resilient migration, enabling the FCA to collect, manage, and process complex regulatory data with improved capabilities.

Financial Conduct Authority