January 30, 2018, New York, London: RegTek.Solutions, today announced a partnership with Optimity Advisors, a global consulting firm, to bring data visualisation and exception-based analytics to the regulatory reporting space. Pairing RegTek.Solutions’ actionable regulatory intelligence and proven compliance technology with a dynamic user experience developed by Optimity, clients can benefit from unprecedented levels of transparency and regulatory oversight.
“All our clients want the same thing: cost-effective compliance, delivered with confidence,” said Brian Lynch, CEO and Co-Founder of RegTek.Solutions. “We are committed to supporting our clients on their journey to sustainable compliance, and believe that the way to achieve this is through a collaborative, best-of-breed approach. Working with trusted partners like Optimity, we’re able to amplify the value of our investment and give our clients another way to leverage their critical compliance data.”
With more than half of the G16 Global Dealers validating their trade and transaction reporting data with RegTek.Solutions’ Validate.Trade, the opportunity for value added analytics, metrics and management information systems is vast. Validate.Trade generates rich data quality assurance data on trade and transaction submissions to trade repositories (TRs), swap data repositories (SDRs) and approved reporting mechanisms (ARMs). Having all this high-quality data centralized and available offers tremendous opportunities for analyzing and slicing & dicing the data for better insights into day-to-day operations, levels of control and compliance as well as historical compliance performance trends.
“Many of our clients have implemented enterprise IT infrastructure to deal with derivatives regulatory reforms and produce reports. However, there is a constant challenge to easily and proactively monitor the quality of regulatory data submissions, as well as produce meaningful insights with data,” said Vipul Parekh, lead practitioner for Financial Services Data Strategy with Optimity Advisors. “This partnership with RegTek.Solutions will create simple and intuitive visualizations for clients to improve the quality of their reporting data.”
Working with RegTek.Solutions’ quality, completeness & accuracy solutions and leveraging market-proven data visualisation platforms such as Qlikview® and Tableau®, Optimity brings powerful insights to the operations and technology teams that care about the data. Using the combined solution, clients are able to quickly and efficiently aggregate and consolidate the vast amounts of data generated by RegTek.Solutions’ data quality assurance applications into a user-centric dashboard, driving faster and better decision making.
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About RegTek Solutions
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.
RegTek.Solutions is backed by the Deutsche Börse Group, through their DB1 ventures division, along with Illuminate Financial Management, the specialist Capital Markets venture fund.
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.
About Optimity Advisors
Optimity Advisors is a global consulting firm that helps organizations design and implement strategies, products, services, processes, business models and applications that transform business. With offices worldwide, Optimity's industry and subject matter experts apply a wealth of experience, and use a robust range of technologies, tools and practices to collaboratively create better experiences that drive measurable value in a hyper-connected, digital world. Find out more at www.optimityadvisors.com.