Article: RegTek.Solutions wins ‘Best Solution for SFTR’ at the 2018 RegTech Awards02 May 2018 | RegTek.Solutions Feed
New York & London, 4th May 2018 – RegTek.Solutions, the global provider of regulatory reporting solutions, is pleased to announce it has been awarded “Best Solution for Securities Financing Transactions Regulation” at the A-Team Group’s 2018 RegTech Awards. The prestigious accolade is an industry recognition of Validate.Trade for SFTR, the only independent data quality assurance solution for ESMA’s Securities Finance Transactions Regulation (SFTR).
The A-Team Group’s RegTech Awards are a yearly celebration of leading technology providers creatively helping firms solve regulatory challenges. Entries were evaluated by A-Team’s editorial team and Advisory Board, with the ultimate winning votes given by end users at financial institutions and members of the Data Management Review and Intelligent Trading Technology communities.
Brian Lynch, CEO of RegTek.Solutions commented: “We are proud to have been recognised for our early work on SFTR. This is a great acknowledgement of our service level agreement to stay ahead of the regulations and provide clients with the maximum runway to achieve their reporting goals. With many of our clients turning their attention towards SFTR post MIFIR, it was important for us to be with them from the start of their journey. Adding SFTR to our existing Dodd-Frank, EMIR, MiFIR and other G20 reporting jurisdictions is key to our commitment to helping firms achieve a consistent, streamlined, sustainable compliance framework for Trade and Transaction Reporting.”
Built on RegTek.Solutions’ proven reporting quality engine, Validate.Trade for SFTR is the world’s only independent validation engine to support firms as they navigate the challenges of data quality ahead of SFTR implementation, currently scheduled for Q2 of 2019. With over 150 data fields included, much of this information is new to trading desks and operations teams, which will result in a significant increase in data volumes. As such, it is crucial for firms impacted by SFTR to gain control over the quality of their data at their earliest opportunity.
RegTek.Solutions differentiates itself by tracking all regulatory rules and updating and maintaining its products in accordance with the conventions, expectations and best practices of regulators, repositories and the securities financing market. Over 700 rules specific to SFTR, as prescribed within the ESMA Regulatory Technical Standards (RTS), have already been built and tested on the platform, and are available for clients to test their data against today.
Validate.Trade is already being used by more than half of G16 banks, with multiple Tier-1 Dealers already licensing Validate.Trade for SFTR as part of their compliance roadmap. Any firm interested in getting ahead of the SFTR data challenge and leveraging the investment and expertise of RegTek.Solutions should contact firstname.lastname@example.org.
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