Establishing a software product business in a professional service and consulting organization is always a significant challenge. Business model, KPIs, incentive systems, role definitions, processes, culture – all need to be different if the product business is to succeed. BearingPoint decided to “verticalize” the RegTech business in Q4 2017. After giving two progress reports at the SPMS 2018 and 2019 this presentation highlights the final steps of the journey in 2019 to transform it into a standalone business. It is the final report on achievements, challenges, lessons learned and the increasing importance of Software Product Managers in the newly built organization.

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Jürgen Lux is the Chief Executive Officer of BearingPoint RegTech. Jürgen Lux has run the Regulatory Technology business for 25 years and driven the rapid national and international expansion. As a mathematician, his focus is on software development and financial regulation to support European banking regulatory authorities as well as international banks and insurance companies navigate through the growing tsunami of regulatory reporting requirements. His ambition is to build, together with the RegTech Management board members, an international, leading provider of Regulatory Technology.