Apex Group to utilise AQMetrics’ regulatory reporting technology

AQMetrics, a RegTech 100 company, will be providing its regulatory reporting technology solution to Apex Group, a fund manager company.

As part of the deal, Apex will leverage AQMetrics to meet its ESMA, CFTC and SEC regulatory reporting requirements.

Decisions to go for AQMetrics were due to its solution being ‘best suited’ to meet Apex’s compliance needs. Apex will now have access to a full-suite of multi-jurisdictional regulatory reporting solutions.

Ireland-based AQMetrics is an automated risk monitoring and regulatory reporting platform, which is based on a single cloud. Its products are regulated under the Central Bank of Ireland as an authorised data reporting service provider under MiFID II.

The platform delivers data management, risk profiling and monitoring, compliance workflows and reports all in one place.

Last year, the company extended its platform to offer the ‘Golden Source’ of market data to help enhance risk analytics. Through partnerships with global market data providers, the company expanded its pre-trade and post-trade analytics and regulatory reporting capabilities.

Commenting on this development, Peter Hughes, Founder and Chief Executive Officer, Apex Group Ltd, said, “The implementation of AQMetrics is part of our ongoing commitment to continually enhancing our robust compliance and governance reporting standards. The advanced technology solutions delivered by AQMetrics further adds to our unique technology offering by leveraging the broadest range of technologies in the industry.”

The RegTech company reportedly closed a €3m funding round at the tail end of last year, with the proceeds set for European expansion. The capital was supplied by previous backers Frontline Ventures and Bluff Point, and new investor ACT.

Last year, AQMetrics was hand-picked by a panel of industry experts for the RegTech 100, for a second year in a row.