RegTek.Solutions has partnered with Optimity Advisors to bring data visualisation and exception-based analytics to the regulatory reporting space.
RegTek.Solutions’ actionable regulatory intelligence and compliance technology will be combined with Optimity’s user experience. By partnering with the global consulting firm, clients will benefit from ‘unprecedented levels of transparency and regulatory oversight’ according to the RegTech.
“All our clients want the same thing: cost-effective compliance, delivered with confidence,” said Brian Lynch, CEO and co-founder of RegTek.Solutions. “We are committed to supporting our clients on their journey to sustainable compliance, and believe that the way to achieve this is through a collaborative, best-of-breed approach. Working with trusted partners like Optimity, we’re able to amplify the value of our investment and give our clients another way to leverage their critical compliance data.”
With offices in New York, London and Riga, RegTek.Solutions is a regulatory reporting solutions provider. More than half of the G16 Global Dealers validate their trade and transaction reporting data with the company’s flagship product, Validate.Trade, which is used by used by regulatory operations and compliance teams to continuously monitor the quality of reporting, in real-time or end-of-day batch.
Validate.Trade generates rich data quality assurance data on trade and transaction submissions to trade repositories (TRs), swap data repositories (SDRs) and approved reporting mechanisms (ARMs).
Through the partnership, clients are able to quickly and efficiently aggregate and consolidate the vast amounts of data generated by RegTek.Solutions’ data quality assurance applications into a user-centric dashboard, driving faster and better decision making.
Founded in 2017, RegTek.Solutions claims to mutualise the cost and shoulders the burden of tracking and implementing critical regulatory reporting solutions. The company combines independent, market-validated actionable regulatory intelligence, with proven technologies to offer solutions to all financial institutions’ regulatory reporting challenges.
Earlier this year, RegTek.Solutions launched a data quality assurance solution for ESMA’s Securities Financing Transaction Regulation (SFTR).
The launch came just months after RegTek.Solutions closed a $5m Series A funding round, which was led by share marketplace company Deutsche Borse, via its DB1 Venture arm, and Illuminate Financial Management.
The company was recently hand-picked by a panel of industry experts for the RegTech 100, a list of companies that every financial institution should know about in 2018. The RegTech 100 is part of the Global RegTech review – an essential, in-depth analysis of the global RegTech market.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
