Record year of growth, product innovation and awards
As the year draws to a close, we wanted to share a brief recap of Cappitech’s 2019 news and milestones. Over the last 12 months, we have experienced significant expansion as well as the introduction of multiple new products that come to alleviate the compliance burden of the reporting community worldwide.
In addition, our customer base has expanded rapidly across multiple jurisdictions. We do everything we can to provide the highest level of regulatory reporting services in the industry. In our recent customer satisfaction survey, we were proud to know that our customers would recommend us to their peers and gave us an overall 35% higher score than the industry benchmark for SaaS solution companies. We look forward to maintaining this high level of satisfaction going into 2020.
2019 Product Review & Innovation
This year saw many exciting new products and features in our Cappitech product suite.
Cappitech Insights: Gives compliance teams and risk managers a competitive advantage by improving regulatory reporting and allowing them to benchmark their performance to their peers. The solution provides granular statistics on rejection reasons and late reports across multiple regulations including MIFIR, EMIR, MAS, Canadian and ASIC Derivative Reporting, providing actionable data and analytics to gauge the quality of their reports, identify areas to be addressed and monitor improvements. Learn more
RTS 28 Market Intelligence: We launched RTS 28 Market Intelligence in direct response to our customers’ concerns that they were seeing little value from their regulatory reporting efforts. This product enables financial institutions to improve their competitive advantage by extracting market intelligence from reported RTS 28 data with the simple click of a button. Learn more
Delegated Reporting – while we have always supported delegated reporting for customers' counterparties where requested, we have now added the ability to split reporting files per reporting party LEI and provided a master accounts view. This view includes an overall picture of their delegated counterparty’s reporting status and a filter on a specific counterparty to enable better drill down of reporting and the ability to provide each reporting counterparty a personal dashboard. Learn more
MAS OTC Derivative Reporting: The Monetary Authority of Singapore (MAS) has used a multi-year and tier approach to phase in daily derivative reporting requirements. The next phase of reporting went into effect in October. Cappitech now offers a comprehensive reporting solution for Singapore that is fully compliant with MAS. Learn more
SFTR Regulatory Reporting– With this new regulation coming in force on April 1st 2020, we are in full speed working with the TRs and major market participants to support reporting needs. If you have reporting obligations under SFTR, we recommend that we talk ASAP and help you test and get ready for the go-live date in April 2020. Learn more
Industry Awards & Recognition
Testament to our efforts to ensure that regulatory reporting is painless, efficient, accurate, and that we offer the most advanced reporting platform, we are proud to share some of the industry recognition we received this year.
|Gartner Cool Vendor in Banking*: Recognized for demonstrating our unique position in a competitive market and our innovative use of compliance data to gain business insights. Read more|
|Reg Tech Insights Awards for “Best Regulatory Reporting Solution: Awarded for our comprehensive regulatory reporting solution and top-notch customer service.
|FIA Innovator 2019: Selected as one of the 20th most innovative companies globally and for providing forward thinking solutions for the financial services industry.
|Grant Thornton “Best Regulatory Reporting Solution: Awarded for our comprehensive regulatory reporting solution that pushes the boundaries while future proofing for new and upcoming regulations. Read more|
|RegTech 100 List: Identified as one of the world’s most innovative technology solution providers for the third year running. Read more|
Feel free to contact us to discover more about our regulatory reporting and analytics solutions or if you have any questions around regulatory reporting.
We would like to take this opportunity wish you and your loved ones a happy holiday season and a great year to come.
*Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.