Yolanda Bobeldijk’s August 2, 2017 Financial News (FN) article entitled “Deutsche Börse latest to turn to regtech for Mifid II” leads off by drawing parallels between the Deutsche Börse’s decision to utilize RegTek.Solutions’ components as part of its MiFID II Reporting Hub and Nasdaq’s acquisition of London-based fintech Sybenetix.
In the article, Brian Lynch, CEO and co-founder of RegTek Solutions points out that since the Deutsche Börse’ allows clients to report data in multiple formats, “Our engine can extract the data, analyse the data and establish checks. We can allow the Deutsche Börse to be flexible [with clients] without them having to have the overhead [costs] to build it themselves.”
Deutsche Börse said. Georg Gross, head of regulatory services at the exchange group said RegTek’s software would help his customers meet their “requirements in accordance with the new regulation”.