Capital.com taps KRM22 for market surveillance
“As a fast-growing investment and trading platform, ensuring the integrity of our business and the security of our clients are of utmost importance”.
Capital.com has partnered with RegTech firm KRM22 for its Market Surveillance product as the high-growth investment trading fintech group strengthens its capabilities to address its ever growing client base.
In 2020, the platform reported a 700 percent growth in customer accounts, surpassing the 2 million clients. The UK-based fintech has offices located in the UK, Gibraltar, Australia, Cyprus, and Belarus, with clients in over 180 countries.
Capital.com succeeds with retail traders
Besides the award-winning platform, available on web and app, Capital.com has robust risk management controls and transparent pricing, while offering extensive financial lessons and educational content via its Investmate app.
In 2020, retail investors have flocked toward trading platforms in order to gain access to stocks and crypto as the COVID-19 pandemic turned the world upside down. Retail trading platforms, including Capital.com, signed up 11 million new traders that year.
Market surveillance has become widely important at this stage and Capital Com is looking to boost its capabilities with KRM22, which was founded to help capital market companies reduce the cost and complexity of risk management.
The Global Risk Platform addresses firms’ market, compliance, operations, and technology risk challenges and their entire enterprise risk profile.
KRM22 optimizes risk management
Capital.com has chosen KRM22 to optimize risk management systems and processes, improve profitability and expand opportunities to increase portfolio returns by leveraging risk as alpha.
KRM22 Market Surveillance will help Capital monitor its business and manage regulatory obligations with cloud hosted real-time processing, an extensive alerts library, and integration with leading market data providers.
Dmitry Ogievich, Chief Operating Officer, Europe at Capital.com, said: “We are proud to announce our partnership with KRM22 and the integration of the Market Surveillance software with Capital.com. KRM22’s solutions are known for their strength in preventing potential market abuse, fraud and operational breaches and this partnership further supports our commitment to robust risk management.
“As a fast-growing investment and trading platform, ensuring the integrity of our business and the security of our clients are of utmost importance. As we expand, we will do so in step with the highest levels of risk management, regulation and international best practices.”
Daniel Langley, Head of Compliance at KRM22 said: “We are delighted to add Capital.com to our growing market surveillance community enabling KRM22 to continue to partner with firms to adopt and implement best practices within our industry and regulatory standards for market surveillance and the monitoring of market abuse.”
Capital.com is regulated by some of the most respected financial authorities in the world, including the FCA, ASIC, and CySEC.