FIS selects RegTech firm Point Nine in regulatory alliance

Point Nine, a regulatory reporting firm providing trade and transaction reporting services to legal entities across the globe, has partnered with FinTech FIS.

The partnership will see FIS collaborate to extend the Point Nine service and expertise to its customers.

Point Nine uses its in-house proprietary technology to provide a solution to its customers regarding regulatory reporting requirements. Point Nine reported that, since October 2015, it has processed and reported more than seven billion transactions across all asset classes with a proven track record of 99.95% submissions success in EU/UK transaction reporting.

Headquartered in Jacksonville, US, FIS is a provider of technology solutions for merchants, banks and capital markets firms globally. The company ranks 241 on the 2021 Fortune 500 and is a member of Standard & Poor’s 500 Index.

Andreas Roussos, CEO of Point Nine, said, “The data which are necessary for firms to ensure timely and accurate reporting are segregated amongst multiple systems, data formats and third parties. By leveraging FIS’ vast amounts of trade data and Point Nine’s capabilities we are thrilled to present FIS Trade Reporting Manager with Point Nine: aiming to ensure timelines and accuracy in reporting whilst reducing costs and associated risks.”

FIS Trade and Transaction Reporting Manager with Point Nine offers an end-to-end, cloud-based solution for improved trade and transaction reporting efficiency and effectiveness. According to Point Nine, it collects raw data across all asset classes from multiple sources, performs data mapping, includes rich market data, and automatically translates, validates, and submits reports that meet specific regulatory requirements.

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