20 December 2018, London & New York: Just two years on from launch in January 2017, RegTek.Solutions, the provider of global regulatory reporting solutions, confirms its market-leading position with an extended client footprint, new and enhanced products and the addition of key hires.
“We’re really pleased to have seen our message and our solutions gain momentum in 2018. As firms deal with the aftermath of MiFID II and other regulatory headaches, the implementation of independent controls to ensure the quality, accuracy
Key to a successful 2018 was a strong team, with key hires in a number of roles. Rob Bernstein joined in February, taking on the CFO position. InMarch, Tom Morris and Rob McGowan were appointed to drive Sales for Europe and North America respectively. Other additions to the team include Shruti Solanki as Client Experience Manager and Aniruddh Mishra as Onboarding Lead, both new functions designed to support growth and expansion.
In January 2018 RegTek.Solutions led the market in SFTR preparations with the extension of the rule coverage of its leading validation engine Validate
In what has been the year of industry recognition, RegTek’s reporting assurance solutions also won ‘Best Compliance & Regulatory Solution’ at the Funds Services Awards. The firm’s turn-key and fully maintained reconciliation tool Reconcile
“Our strong operating performance in 2018 has been underpinned by continued investment in our solutions, ensuring we stay ahead of the regulatory challenge with products that increasingly fit with the workflows of our
Significant product enhancements have been rolled out due to client demands, such as Edit/Reload, a new feature of the firm’s intelligent reporting portal, Load
Strategic partnerships have been crucial to RegTek.Solutions footprint expansion, with two important new partnerships announced in October.
- The Deutsche Börse will offer certified testing and pre-validation services to the 2,300 executing entities using DeutscheBörses’s ARM service via its Regulatory Reporting Hub to address ongoing challenges with the quality and transparency of transaction reporting underMiFIR.
- With the DTCC, where RegTek.Solutions
islinking its SFTR solution to the DTCC’s GTR, leveraging the DTCC’s open architecture and allowing market participants to benefit from straight-through reporting workflows and a reduction in the cost of SFTR implementation.
“2019 will bring new challenges as the UK navigates Brexit, as SFTR planning gets underway, and as global regulators continue to demand best practice for trade and transaction reporting, but we are optimistic as banks and the buy-side increasingly
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