Goodbye grey suit and briefcase, hello high technology: EMIR reporting just got more advanced

One very important aspect of our industry that is rapidly becoming highly technologically advanced is the regulatory reporting and compliance sector.

Indeed, there is very much a convergence these days between regulation and fintech, with specialist boutique technology firms providing regulatory and compliance related services.

Today, Cappitech, a boutique fintech company offering bespoke trading and reporting solutions to both buy side, sell side and major service providers has launched a new EMIR Regulation Dashboard which builds on the approach toward automation that Cappitech focuses on.

EMIR, an acronym for European Market Infrastructure Directive, is now into its second year since inception and Cappitech has already put in place automation technology and access to lower transactional costs via its Cappitech Regulation division which is a standalone technology led entity focused on providing solutions to automate regulatory reporting.

According to Cappitech, the technology that the Cappitech Regulation division employs is based on the cross-regulation reporting Capptivate platform which connects to client trade data, maps it to conform with regulatory filing fields, validates the information and reports to trade repositories on their behalf.

Adding greater functionality to increase reporting value for Capptivate users, Cappitech has launched a trade reporting dashboard. A web-based and mobile friendly solution, the dashboard provides customers the ability to gain greater insight of their submitted trades through visual based reports. T

Available analysis includes historical reports on submitted, rejected and approved trades. Reports are also available to display trades per counterparty source and asset class. Customers can also search orders by individual UTI or internal trade number to query a visual chain of events related to specific orders.

Today, Ronen Kertis, CEO of Cappitech made a corporate statement on the matter:

“EMIR regulation is a difficult and expensive process to comply with. Along with introducing automation through our Capptivate platform, we wanted to provide more value adding features for our customers. We believe that through our dashboard, compliance officers and risk personnel will be able to gain more insight on their EMIR regulation reporting and easily be able to drill down to review individual orders.”

At a time at which a new era for compliance departments within brokerages has dawned due to the complexity of today’s markets, skilled compliance professionals have become very highly sought after in some of the major financial centers in the world. Indeed, gone are the days of the briefcase and grey suit, which have given way to plate glass high tech and innovation.