RegTech 100 company AQMetrics, a provider risk and regulatory reporting services across global regulatory regimes, has received authorisation to operate a MiFID II ARM.
It has received approval from the Central Bank of Ireland (CBI) to operate a MiFID II Approved Reporting Mechanism (ARM), permitting the company to report MiFID firms’ transactions to National Competent Authorities (NCA) across Europe.
The second Markets in Financial Instruments Directive comes into force today with the aim of bringing increased transparency and efficiency to financial markets and strengthening investor protection.
Geraldine Gibson, CEO at AQMetrics said, “AQMetrics was created to service both the buy and sell side of the financial services ecosystem. Detection of market abuse is a fundamental part of the AQMetrics solution set.
“As tracking and tackling market abuse is a key aim of MiFID II, being authorised to report transactions of MiFID II firms directly to all European regulators is a major milestone for AQMetrics. With clients including stockbrokers, banks and investment firms AQMetrics now seamlessly services both the buy and sell side for future and emerging regulations.”
Founded in 2012, AQMetrics provides integrated compliance and risk management software to fund administrators, asset managers, investment managers and broker/dealer companies. Its consolidated platform delivers data management, risk profiling and monitoring, compliance workflows and reports all in one place.
Ireland’s RegTech sector has seen nearly €100m invested in more than 20 RegTech companies since 2012, according to research from FinTech Global, a specialist data and research firm.
Last year, AQMetrics was one of a handful of FinTech companies from Ireland to win recognition on the RegTech 100 list. The RegTech 100 is part of the Global RegTech review – an essential, in-depth analysis of the global RegTech market.
The other Irish companies to make the top 100 include virtual regulatory advisor BlxLaw’s RegBot, predictive analytics provider Corlytics, AML/KYC and regulatory compliance solutions provider Fenergo, and GECKO Governance, which offers a blockchain solution for fund managers and banks to manage regulation and compliance requirements.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
