Clients will have access to a fully electronic reporting workflow including transaction reporting eligibility, data validation, enrichment and reconciliation, to help them maximize accuracy and completeness in their reporting obligations. RegTek is a wholly-owned subsidiary of Risk Focus Inc., the firm responsible for the original vision, development and distribution of the Report-It Control Suite, including Validate.Trade, Reportable.Trade, Load.Trade & Reconcile.Trade. Brian Lynch at RegTek.Solutions said, “RegTek has built an award winning product and impressive, tier-1 client base. The company provides innovative trade reporting solutions and cost-effective compliance software enabling firms to improve the quality, transparency, and control of regulatory reporting obligations across multiple jurisdictions and asset classes.
The acquisition will expand the range of regulatory reporting services offered by Bloomberg, and deliver a fully integrated and comprehensive service that supports compliance with current and upcoming regulatory reporting requirements across multiple jurisdictions around the world. “The combination of RegTek.Solutions with Bloomberg RHUB allows us to substantially expand our regulatory reporting coverage, and offer quality and control tools to help our clients effectively meet the wide range of global reporting requirements,” said Alejandro Perez, Global Head of Post-Trade Solutions at Bloomberg.
(2015); Andrew Meola, "10 keys to understand what regtech is all about - BBVA NEWS", "RegTech 100 – The world's most innovative RegTech companies that every financial institution needs to know about", "Is RegTech the new FinTech? Bloomberg’s enterprise solutions build on the company’s core strength: leveraging technology to allow customers to access, integrate, distribute and manage data and information across organizations more efficiently and effectively. RegTek was advised by NovitasFTCL Limited and represented by Odell Girton Siegel LLC. Collectively, these 4 RegTech Sub-Committees have come together to form APAC RegTech Network [2] to further explore cross jurisdictional collaboration and sharing of RegTech initiatives, ideas and trends. It would involve tracking the global flow of funds in close to real time (from a Star Trek chair using a bank of monitors), in much the same way as happens with global weather systems and global internet traffic. [NextGen Nordics Webinar] P27 - Bringing the plans to life, PayPal and Capital One vets launch One banking app, Deutsche Bank to close 20% of German branches, EU proposes first set of rules for crypto assets, Thought Machine names ex-HSBC COO Maguire chair, Increasing Resilience in Collaborative Financial Services, Sustainable Finance Live - Investment and Asset Management ESG Solutions. for markets, The search for liquidity in fixed
RiskRhino - RegTech: How companies tackle rules and regulations to manage risks.
"Is Regtech "The next big thing"?
However, the factors underlying, and the beneficiaries of, RegTech are quite different. Markets Media was launched in 2007 to provide sophisticated, in-depth content spanning all sectors of the securities industry, delivered across a synergistic platform of print, online and events. Please read our Privacy Policy.
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In May 2019, Singapore FinTech Association launched a RegTech Sub-Committee to champion the RegTech cause in Singapore.
[15] Earlier, in March 2016, BBVA made the following statement in its paper titled "Banking Outlook": "The term RegTech refers to a set of companies and solutions that marry innovative technology and regulation to address regulatory requirements across industries, including financial services.