Point Nine announces development of FIS Trade Reporting Manager

Rick Steves

It collects raw data across all asset classes from multiple sources, performs data mapping, includes rich market data, and automatically translates, validates, and submits reports that meet specific regulatory requirements.

cyprus binary options

Cyprus-based Regtech firm Point Nine has announced a synergistic partnership with FIS to seamlessly extend its service and expertise to its valued customers.

Point Nine is a dedicated regulatory reporting firm focusing on the provision of trade and transaction reporting services to legal entities across the globe.

New reporting product ensures timelines and accuracy

The firm has processed and reported more than 7 billion transactions across all asset classes since 2015, with a proven track record of 99.95% submissions success in EU/UK transaction reporting.

Andreas Roussos, Chief Executive Officer of Point Nine, said: “We are thrilled to be selected by FIS to power Trade and Transaction Reporting together. We are proud to engage in this partnership with an S&P 500 firm and we are looking forward to strengthening and developing this partnership further towards achieving common goals”.

“The data which are necessary for firms to ensure timely and accurate reporting are segregated amongst multiple systems, data formats and 3rd parties. By leveraging FIS’ vast amounts of trade data and Point Nine’s capabilities we are thrilled to present FIS Trade Reporting Manager with Point Nine: aiming to ensure timelines and accuracy in reporting whilst reducing costs and associated risks.”

The FIS Trade and Transaction Reporting Manager with Point Nine offers an end-to-end, cloud-based solution for improved trade and transaction reporting efficiency and effectiveness, the firm explained.

It collects raw data across all asset classes from multiple sources, performs data mapping, includes rich market data, and automatically translates, validates, and submits reports that meet specific regulatory requirements.

Plus, the expert exception management service consists of two major components – email notifications, and the expertise to drill down and quickly resolve any potential issues.

Founded in 2002, Point Nine collaborates with both buy- and sell-side financial firms, service providers, and corporations to help them ensure high-quality and accurate reporting to remain compliant with the following:

Point Nine uses their in-house proprietary technology, to provide an in-class solution to all customers and regulatory reporting requirements.

 

Read this next

Digital Assets

Binance executives sue Nigerian authorities over rights violation

Two senior executives from Binance have filed a lawsuit against against Nigeria’s national security adviser’s office and its anti-corruption agency, alleging violations of their fundamental rights.

Retail FX

Banxso announces 8.7% interest rate on deposits in South Africa

“With Banxso, they can enjoy the benefits of both worlds – earning competitive interest and having the freedom to trade, all within the same platform.”

Industry News

FINRA to publish transaction details in U.S. Treasury securities

“Consistent with our longstanding practice, FINRA is introducing greater transparency in a calibrated and careful manner, benefiting liquidity and resilience in this critical market while also mitigating potential information leakage concerns.”

Institutional FX

OpenYield launches “cheap and easy” fixed income trading for brokers

“We’re on a mission to make bonds cheap and easy to trade, and are excited about the opportunity to build generational capital markets infrastructure.”

Digital Assets

Sumsub and Mercuryo publish a guide for VASPs: “Mastering Travel Rule Compliance”

“At Sumsub, we’ve concentrated our efforts on filling the gap in understanding the complexity of Travel Rule regulation and helping organizations find the best solution to stay safe and compliant while minimizing costs and avoiding potential risks of non-compliance. This guide we created with Mercuryo, our trusted partner, is the ultimate navigation tool all VASPs can consult.”

Digital Assets

Bitget Wallet Leads with Record Swap Volume & New Crypto Innovations

This week, Bitget Wallet achieved a milestone by surpassing Metamask with a record 388,757 Swap order transactions, securing the global lead. The significant 7-day trading volume, almost 68,000 more than its rival, underscores its liquidity and user trust. This robust activity signals Bitget Wallet’s prominent role and reliability in the dynamic crypto market.

Digital Assets

Embarking on a Digital Currency Journey

Imagine you’ve stumbled upon a treasure map, leading you to untold riches hidden in the vastness of the internet. Instead of gold coins and jewel-encrusted goblets, this treasure comes in the form of digital currencies, the modern-day loot coveted by many.

Reviews

Traders Union Experts Share The Trading Analyst Review For 2024

Navigating options trading in rapidly shifting markets poses a considerable challenge. This is where options trading alert services become invaluable. They aid traders in keeping abreast of evolving opportunities and market trends. In this assessment, Traders Union experts scrutinize The Trading Analyst alert service to ascertain its efficacy. 

Digital Assets

BlockDAG’s Presale Achieves $9.9M: Aiming For A 5000-Fold ROI As Cardano’s Price Rises And Fantom Launches Sonic

Explore Cardano’s surge, Sonic’s efficiency, and why BlockDAG’s growth makes it the top crypto choice. A deep dive into the future of blockchain investments.

<