Access Fintech users can now incorporate Capptivate’s MiFID II and EMIR reporting, tracing regulatory reporting exceptions in its lifecycle management portal.
Launched earlier this year, Access Fintech links together tools and services from fintech vendors with in-house technology. Through a single integration, Access Fintech enables buy-side investment firms and banks to easily enhance workflow with new providers while compressing the distributed workflow to a single portal for prioritized exception management.
Through the Cappitech integration, Access Fintech customers can now leverage Capptivate to automate the creation and submission of their transaction reports. Available regulatory reports include MiFID I/II, EMIR and ASIC regulation which are submitted to ARMs and Trade Repositories (TR). Also available is a Best Execution module for investment firms to compare their transactions with benchmark rates.
The addition of Cappitech Regulation to Access Fintech occurs at a key regulatory period. With MiFID II coming into effect on 3 January, 2018, investment firms using Access Fintech have a turnkey solution to help them comply with the new transaction reporting requirements.
Access Fintech clients are now able to visualise an aggregation of regulatory exceptions together with T-0 exceptions, draw business intelligence conclusions and drive resolution via the exception sharing capabilities
Ronen Kertis, CEO of Cappitech, says: “The integration is expected to be especially useful for asset managers, which have traditionally relied on their counterparties to handle EMIR transaction reporting requirements. However, new responsibility standards under MiFID II have shifted the reporting burden onto many asset managers for the first time.”
Ronen Kertis, CEO of Cappitech
Roy Saadon, CEO of AccessFintech says: “Capital markets participants find that their ability to absorb new technology is hampered by cost of change in the short term, and process complication in the long term. By integrating with Capptivate, AccessFintech enables the market to consume regulatory reporting services without the complexities of onboarding a new vendor”