FOR IMMEDIATE RELEASE
13 February 2018, New York, London: RegTek.Solutions and Risk Focus Inc., leaders in control and compliance solutions, today were named as finalists in the FStech Awards in the ‘Collaboration or Partnership of the Year’ category. RegTek.Solutions and Risk Focus were recognized for their development and implementation of a MiFID II trade reporting solution for Deutsche Börse’s Regulatory Reporting Hub. Using agile methodology and best-of-breed, off-the-shelf components, Risk Focus’ cloud-based testing and development process should serve as a blueprint for future implementations at the exchange.
Brian Lynch, CEO of RegTek.Solutions, commented: “We are honored to have made it as finalists with our partner Risk Focus; this award is a great acknowledgement of our teams’ year-long hard work and dedication, but also of our collaborative approach to solving firms’ regulatory reporting challenges. Working hand-in-hand, we were able to meet and exceed expectations with Validate.Trade going live way ahead of the regulatory deadline.”
Risk Focus provided the specialist consultancy and development teams to implement all of the key components of the Regulatory Reporting Hub’s OTC trade reporting functionality, with RegTek.Solutions’ Validate.Trade used as the validation engine for all FpML and ISO 20022 messages. The Regulatory Reporting Hub went live on January 3, supporting all cash and derivative asset classes covered by MiFIR; it has met all the performance SLAs for throughput and latency.
Lloyd Altman, Global Head of Business Development at Risk Focus, commented: “We are delighted to be recognized for our collaboration with RegTek Solutions to deliver this mission-critical industry utility. Deutsche Börse’s strategic plan was clear: to enable clients to report all their trades and quotes using FIX, FpML, or ISO 20022, while handling millions of trades a day and thousands per second. We are proud to have achieved that goal and to contribute to the success of the Regulatory Reporting Hub along with our partner, RegTek.Solutions.”
# # #
John Norris / Orsolya Fekete
Moonlight Media Ltd.
Tel: +44 (0) 20 7250 4770
About Risk Focus
Risk Focus is a 14-year-old specialist services firm that delivers trading, regulatory, risk and cloud-enabling solutions to the global capital markets. With offices in New York, London and Riga, Risk Focus offers a full-service model from independent advisory and architecture services through full implementation and solution delivery.
Since 2004, the world’s top brokers, banks, clearing houses and hedge funds have relied on Risk Focus’ domain expertise and unrivalled track record of on-time delivery for their specialist solutions needs.
For more information, visit https://riskfocus.com/ and follow us on and on
RegTek.Solutions’ mission is to be at the heart of markets’ transformation to Sustainable Compliance, delivering pragmatic, modular software solutions, built around actionable regulatory intelligence, fully maintained to track regulatory updates. RegTek.Solutions focuses on four critical compliance outcomes: quality, completeness, accuracy and transparency.
RegTek.Solutions’ clients range from Tier 1 financial firms, which integrate RegTek.Solutions’ specialist components with their bespoke systems, to leading trade repositories and smaller reporting firms, both buy-side and sell-side, who use RegTek.Solutions’ ‘off-the-shelf’ products to meet specific regulatory demands.
Formed in 2017, RegTek.Solutions was incorporated by Risk Focus Inc., the firm responsible for the original vision, development and distribution of the RegTek.Solutions software suite.
With offices in New York, London and Riga, RegTek.Solutions’ expertise and solutions are trusted by the world’s top banks, including more than half of the G16 banks, as well as regulatory reporting intermediaries and buy-side firms.
For more information, visit https://RegTekSolutions.com and follow us on and on
About the Awards:
Now into their 18th year, the FStech Awards, hosted by FStech Magazine, are the showcase for excellence and innovation within the UK and EMEA financial services sector. The event was attended by over five hundred guests in 2016 and this year is set to be bigger than ever.
The winners will be determined by an independent judging panel and announced at the renowned FStech Awards Gala and Dinner on 22 March 2018 at the prestigious London Marriott Hotel, Grosvenor Square.