Join RiskFocus at RegTech Summit 2019

Join RiskFocus at RegTech Summit 2019

The RegTech Summit explores how the financial services industry can leverage technology to drive innovation, cut costs and support regulatory change. The Summit brings together the industry ecosystem of Regtech practitioners, regulators, start ups and solution providers to collaborate and discuss innovative and effective approaches for building a better regulatory environment.

Our Topic

  • Getting ready for the Consolidated Audit Trail (CAT) with Risk Focus’ very own Alex Rabaev, Head of Regulatory Reporting Services

Other Key Topics:

  • Reviewing the regulatory horizon and optimizing the regulatory response
  • Managing regulatory change and driving efficiencies from the cost of compliance
  • Best practices for regulatory reporting efficiency
  • Establishing trust – managing data privacy and cyber security in an AI world
  • How to digitize the customer experience with KYC and AML Innovation
  • Case studies and industry collaborations illustrating RegTech innovation

Risk Focus Hires Leader to Launch Consolidated Audit Trail (CAT) Services

For Immediate Release
Tara Ronel
August 14, 2019
tara.ronel@riskfocus.com

[New York, NY, August 14, 2019] – Risk Focus, a leading technology consultancy for financial services, is pleased to announce that Alex Rabaev has joined the company from Goldman Sachs to lead its CAT Regulatory Reporting Services Practice.

Risk Focus delivers Regulatory Reporting Advisory Services, Health Checks, and Large-Scale Implementations to help investment firms comply with regulations and respond to audits. Risk Focus has a long track record in Regulatory Reporting, including the development and spinoff of RegTek.Solutions (recently acquired by Bloomberg), the development of the MIFIDII APA for the Deutsche Börse, and numerous implementations at Tier 1 and Tier 2 investment banks, exchanges and industry utilities.

Rabaev will oversee CAT engagements, which span the following: Health Check, Requirements Analysis, OATS to CAT gap analysis, Rule Interpretation, Creation of Firm Designated ID (FDID), Product and Event Eligibility, Data Mapping and Traceability, Report Generation, Acceptance Criteria, Testing, Controls and Error Correction, and Transition to BAU.

“The deadline for CAT is looming and many of the market participants are remarkably unprepared. CAT does not represent an incremental change, but rather a transformational one for everyone. Additionally, CAT adds a reporting requirement for companies who have never had to report before.

I am excited to join Risk Focus, because we are able to do both the advisory and implementation work that is required to meet the regulatory deadlines. The timing is also perfect, because the industry is starting to embrace the pubic cloud, and we believe this will be the fastest and most economical (and sometimes the only) way to become compliant in time.”

Alex Rabaev

Head of CAT Reporting Practice, Risk Focus

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About Risk Focus

Risk Focus is a leading financial technology consulting firm with offices in New York, Pittsburgh, Toronto, London, Riga, and Frankfurt. We combine business domain knowledge, technology expertise, and process to ensure the success of the hardest projects in the industry. Our clients include the majority of the top-tier investment banks along with a wide range of buy-side institutions, hedge funds, execution venues and industry utilities.To learn more about Risk Focus, please visit www.riskfocus.com.

Bloomberg Acquires RegTek.Solutions, A Risk Focus Spin-Off

Bloomberg Acquires RegTek.Solutions, A Risk Focus Spin-Off

For Immediate Release
Tara Ronel
August 14, 2019
tara.ronel@riskfocus.com

[New York, NY, August 14, 2019] – Risk Focus, a leading financial technology consultancy, is proud to announce that Bloomberg has acquired RegTek.Solutions, a disruptive provider of global regulatory reporting software solutions that was spun out of Risk Focus in 2017.

“Risk Focus is proud to have helped RegTek.Solutions from its inception through its acquisition to join forces with one of the most respected companies in the FinTech and RegTech space. Bloomberg will be able to provide the acceleration that RegTek needs to achieve a dominant share in the regulatory space. We look forward to continuing our relationship with RegTek and Bloomberg post-acquisition to help our clients address their Regulatory Reporting requirements.”

Vassil Avramov

Founder and CEO, Risk Focus

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About Risk Focus

Risk Focus is a leading financial technology consulting firm with offices in New York, Pittsburgh, Toronto, London, Riga, and Frankfurt. We combine business domain knowledge, technology expertise, and process to ensure the success of the hardest projects in the industry. Our clients include the majority of the top-tier investment banks along with a wide range of buy-side institutions, hedge funds, execution venues and industry utilities.To learn more about Risk Focus, please visit www.riskfocus.com.

Confluent Recognizes Risk Focus as a Preferred Professional Services Partner

Confluent Recognizes Risk Focus as a Preferred Professional Services Partner

For Immediate Release
Tara Ronel
June 7, 2019
tara.ronel@riskfocus.com

[New York, NY, June 7, 2019] – Risk Focus, a leading consultancy for highly-regulated industries, is proud to announce that it has earned Preferred status in the Confluent Partner Network Program, the enterprise event streaming platform pioneer.

VAssil

As a Confluent Preferred Partner, Risk Focus has met all the stringent business and technical program requirements, including significant customer development, training and certification of their staff. They have also demonstrated the required skill sets to help its financial services customers implement Apache™ Kafka™ and the Confluent platform in order to harness its flexible event streaming power in new or existing applications.

“We have invested heavily to develop our team through hands-on enterprise project experience, process implementation, Kafka courses and Confluent certifications,” shares Vassil Avramov, Founder and CEO of Risk Focus. “Confluent is, by far, the leader in the event streaming space, and we are thrilled to be nominated to a very small group of Confluent Preferred organizations. We recognize that this is only the beginning, and are committed to jointly helping our customers unlock the power of their data for years to come.”

“Financial services organizations are among the most impacted by the the effects of the digital revolution where technology and data are becoming key for remaining relevant to customers.  That is why so many are turning to event streaming platforms to power their applications to deliver the modern banking experiences customers expect. As the demand from this sector grows, it is important to have fully-trained and experienced Preferred Partners like Risk Focus assisting financial services organizations deploy solutions based on Confluent Platform to deliver contextual event driven applications.”“We have invested heavily to develop our team through hands-on enterprise project experience, process implementation, Kafka courses and Confluent certifications,” shares Vassil Avramov, Founder and CEO of Risk Focus. “Confluent is, by far, the leader in the event streaming space, and we are thrilled to be nominated to a very small group of Confluent Preferred organizations. We recognize that this is only the beginning, and are committed to jointly helping our customers unlock the power of their data for years to come.”

Vassil Avramov

Founder and CEO, Risk Focus

Confluent provides a complete event streaming platform based on Apache Kafka and extends Kafka’s capabilities with development, connectivity and stream processing capabilities as well as management and operations. The Confluent Partner ecosystem is an important element to drive success with customers to assist customers in developing robust data connectivity, building stream processing applications and ensuring the ongoing success of our joint customer’s strategic initiatives.

“Financial services organizations are among the most impacted by the the effects of the digital revolution where technology and data are becoming key for remaining relevant to customers” said Simon Hayes, vice president of corporate and business development, Confluent. “That is why so many are turning to event streaming platforms to power their applications to deliver the modern banking experiences customers expect. As the demand from this sector grows, it is important to have fully-trained and experienced Preferred Partners like Risk Focus assisting financial services organizations deploy solutions based on Confluent Platform to deliver contextual event driven applications.”

“Financial services organizations are among the most impacted by the the effects of the digital revolution where technology and data are becoming key for remaining relevant to customers.  That is why so many are turning to event streaming platforms to power their applications to deliver the modern banking experiences customers expect. As the demand from this sector grows, it is important to have fully-trained and experienced Preferred Partners like Risk Focus assisting financial services organizations deploy solutions based on Confluent Platform to deliver contextual event driven applications.”

Simon Hayes

Vice President, Corporate and Business Development, Confluent

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About Risk Focus

Risk Focus is a NYC-based company that provides strategic IT consulting to global enterprises. The company’s Infrastructure practice provides solutions, methodologies, and strategic guidance for digital transformation, containerization, and automation. Its Financial Services team offers strong domain expertise and technology acumen to deliver feature-focused solutions in Capital Markets. To learn more about Risk Focus, please visit www.riskfocus.com.

Confluent Recognizes Risk Focus as a Preferred Professional Services Partner

Confluent and Risk Focus Partner to Bring the Power of Event Streaming to Financial Services

Confluent and Risk Focus Partner to Bring the Power of Event Streaming to Financial Services 

Confluent the enterprise event streaming platform pioneer, and Risk Focus, a leading consultancy for highly regulated industries, have joined forces to help Financial Services clients realize the efficiency and cost-effective benefits of event streaming architectures for Regulatory Compliance. 

Risk Focus Expands to Canada’s Queen City

Risk Focus Expands to Canada’s Queen City

Risk Focus, a consulting firm providing specialized business domain and technology implementations, announces the opening of their new Toronto Office. The office is located just outside the city in Oakville, ON and will house a highly technical team focusing on DevOps and Business Transformations, as well as Risk and Trade Solutions for Financial Services.

Though establishing a physical presence in the Greater Toronto Area (GTA) is new to Risk Focus, the company has worked in Toronto’s Financial District for most of this decade, with an emphasis since 2013 on helping firms drive Business Transformations into the Cloud and proper DevOps practices. Establishing a local presence reflects a commitment to growth in the area, both in terms of expertise and client base.

Over the last several years Toronto has become a mecca for Technology and IT Professionals. With large technical juggernauts moving into the Greater Toronto Area (GTA) and the Universities continuing to educate, develop and feed Silicon Valley with quality developers, it makes Toronto a logical destination for Risk Focus.

Karl Kerba, the new Head of the Toronto DevOps Solutions is a native Torontonian, as are several other members of the growing Toronto team. The team will work directly with the Head of DevOps for the firm, Peter Meulbroek. Both Peter, and the entire Risk Focus leadership believes in the community, its innovative culture, deep talent pool and growth opportunities, and expects the company to have a bright future here.

Toronto is an exceptional place to live and work. It ranks as the 7th most liveable city in the world based on The Economist Intelligence Unit’s Global Liveability Index, which considers five parameters to rank a city’s living condition: stability, healthcare, culture and environment, education, and infrastructure.
“We’re here because Toronto has so much to offer. In addition to all those things that make it an eminently liveable city, an immense level of talent exists within the GTA. We couldn’t be more thrilled to bring Risk Focus to this dynamic tech hot spot,” said Kerba.

Risk Focus, founded in 2004, has established an international presence stemming out from their head office in New York City. Their offices span globally – London, Frankfurt, Riga and recently opening a Development Center in Pittsburgh (August) and now in Toronto.