Custodia and TSS (Trading System Support) have revealed their strategic partnership aimed at advancing regulatory compliance in the market.
Custodia, known for its globally available CC1 capture, validation, and archiving service, has joined forces with TSS, a provider of critical communications systems integration and support.
Custodia specialises in offering tools and technical expertise to ensure compliant communications, while TSS boasts a customer base of over 25,000 traders and personnel across 150 organisations in 22 countries, providing both on-site and remote support for critical communications systems.
The primary goal of this partnership is to empower regulated industries with streamlined compliance processes and data-driven decision-making capabilities. By leveraging Custodia’s expertise in compliance solutions and TSS’s extensive reach in critical communications systems, the partnership aims to address the evolving regulatory obligations faced by industries worldwide.
Christopher Hartley, Founder and CEO of Custodia, expressed his enthusiasm about the partnership, stating, “Partnering with TSS is a pleasing step on our journey towards CC1 becoming the market utility for regulated digital data. We look forward to the benefits our joint efforts will bring to the market.”
Wayne Hopwood, Founder and CTO of TSS, emphasised the importance of the collaboration in ensuring compliance, saying, “Our customers rely on us to assure their systems for compliance, and Custodia enables us to do this in the real world where multi-vendor systems are the norm. They also make moving to the cloud very easy.”
This collaboration between Custodia and TSS signifies a significant milestone in the realm of regulatory compliance solutions. As industries face heightened scrutiny from regulators amidst globalised markets and hybrid working practices, the partnership aims to provide innovative solutions to meet the evolving compliance requirements.
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