Research platform Red Deer has teamed up with Cappitech, a regulatory reporting and intelligence solution for financial services, has formed a partnership to improve MiFID II and MAR compliance.
As part of the deal, the company will offer the other’s services to its respective clients, providing an integrated solution which helps manage regulation.
Red Deer’s Holistic Surveillance solution enables compliance teams to mitigate risk and increase confidence in their approach to solving market abuse. Its platform captures and attributes research consumption across all channels including email, chat and voice, to give buy-side firms more accurate view of their research value.
Cappitech offers a multi-jurisdiction regulatory reporting as well an analytics dashboard to monitor and extract compliance data. Clients can use the platform to generate insights on trading data to improve decision making.
Ronen Kertis, CEO at Cappitech, added: “This partnership provides multiple benefits for investment managers who are all demanding seamless, integrated regulatory solutions across multiple jurisdictions.
“Our goal is to provide efficient, cost-effective solutions that also drive added value, and the addition of Red Deer’s Holistic Surveillance solution to our offering supports this. We are also looking forward to supporting Red Deer’s clients, as they look to integrate our regulatory reporting solutions into their existing services.”
Last year, Red Deer was picked by wealth management firm Charles Stanley to improve its compliance capabilities.
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