Cappitech, a RegTech company specialising in automating regulatory transaction reporting for investment firms, has integrated its platform with AccessFintech’s ecosystem.
Launched earlier this year, AccessFintech helps customers spread the business lifecycle across internal and third-party systems, into a compressed, prioritized and mutualized dashboard.
It claims to enable firms to capture and share exceptions, delegate responsibilities and manage global distribution, allowing them to increase risk management and control while increasing the number of services consumed.
Through the integration, Access Fintech can incorporate Capptivate’s MiFID II and EMIR reporting, tracing regulatory reporting exceptions in its life cycle management portal.
Ronen Kertis, CEO of Cappitech says: “The integration is expected to be especially useful for asset managers, which have traditionally relied on their counterparties to handle EMIR transaction reporting requirements. However, new responsibility standards under MiFID II have shifted the reporting burden onto many asset managers for the first time.”
Capptivate claims its regulatory reporting platform can be customised to consume virtually any trade file format with outputs for numerous regulatory reporting standards such as MiFID I, MiFID II, EMIR and ASIC. It says it can automate the reporting process for the vast majority of its clients, with its technology used by Fortune 500 firms, global asset managers, banks and brokers.
With just weeks to go before MiFID II comes into effect on January 3rd, 2018, the financial services industry has been scrambling to prepare itself.
Last month, FlexTrade Systems, a provider of broker-neutral algorithmic trading platforms, enhanced its multi-OMS aggregation functionality in preparation for MiFID II. Vela, the premier market access technology provider, also recently expanded its MiFID II solution suite.
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