RegTech provider MAP FinTech is expanding its strategic collaboration with the Depository Trust & Clearing Corporation (DTCC), the post-trade market infrastructure for the global financial services industry.
Their closer partnership will see MAP FinTech serve as an aggregator of DTCC Global Trade Repository (GTR) service data in Australia to help clients meet reporting obligations required by the Australian Securities & Investments Commission (ASIC).
“We are committed to offering state-of-the-art scalable solutions that simplify the way our globally active financial services clients meet their regulatory requirements without encumbering operational flexibility,” said Mark Ellis, business development manager of MAP FinTech. “By extending our collaboration with DTCC, we ensure that our clients operating in Australia will continue to enjoy a best-in-class and cost-efficient ASIC solution, delivered via a single platform along with the rest of MAP FinTech’s offerings.”
Oliver Williams, executive director and a regional head of DTCC’s GTR business for Asia, added, “We are pleased to be collaborating with MAP FinTech to streamline client’s adoption and use of our GTR service in Australia and to facilitate ASIC trade reporting. As the licensed Australian derivative trade repository (ADTR) under ASIC, we look forward to continuing to serve this important market and our mutual clients.”
Copyright © 2018 RegTech Analyst