31 October 2017, New York & London: RegTek.Solutions (RegTek), the market-leading control and compliance software provider for global trade and transaction reporting, today announced that it is the winner of the new EY-sponsored Chartis-Research “RegTech Rising Star” award. Presented at a prestigious gala dinner in New York City, the award recognizes emerging vendors, which are, in the opinion of Chartis analysts, the companies to watch.
Brian Lynch, CEO of RegTek.Solutions, commented: “To win such an important award is a significant recognition of both our technology and our team. The world of regulation and compliance has clearly taken centre stage in global finance, with both the pace of change and pressure increasing at what feels like a weekly rate. This is great recognition of the company’s phenomenal growth and the high value our clients place on our unique regulatory SLA, which keeps them ahead of the regulatory curve.”
“Regulatory transaction reporting is a tough market and many banks and vendors have fallen short”, said Hugh Stewart, Research Director for Chartis. “We have watched RegTek Solutions over the last few years doing this the right way by combining programmatic execution, rigorous quality assurance, industry knowledge and software productization disciplines to become a strategic solution provider to their predominantly tier 1 client base.”
Based in New York and launched earlier this year, RegTek.Solutions is now an established provider of specialist global regulatory compliance software. The company quickly became a leading multi-jurisdiction regulatory reporting solutions provider. In September (2017), the company received a US$5 million Series A funding round co-led by Deutsche Börse and Illuminate Financial Management LLP.
RegTek.Solutions provides innovative trade reporting solutions and cost-effective compliance software including Report-It, which enables firms to improve the quality, transparency and control of regulatory reporting obligations. The firm counts ten of the G15 banks among its client base and operates across multiple jurisdictions and asset classes, including OTC Swaps, Credit, Rates and Equity, as well as FX and Commodities trading.
# # #
John Norris / Orsolya Fekete
Moonlight Media Ltd.
Tel: +44 (0) 20 7250 4770