Cappitech Enables Regulatory Reporting on AccessFintech’s Exception Network

The addition of Cappitech Regulation to Access Fintech occurs at a key regulatory period. With MiFID II coming into effect on January 3rd, 2018, investment firms using Access Fintech have a turnkey solution to help them comply with the new transaction reporting requirements.

Cappitech Regulation, a RegTech firm specializing in automating regulatory transaction reporting for investment firms, has concluded integration of its Capptivate platform with AccessFintech’s ecosystem. With the integration, AccessFintech users can incorporate Capptivate’s MiFID II and EMIR reporting, tracing regulatory reporting exceptions in its life cycle 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 January 3rd, 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 visualize 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.”

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”

Image: Cappitech’s head office, Herzliya, Israel

Read this next

Industry News

SEC awards $20 million to whistleblower despite degree of culpability and reporting delay

The Securities and Exchange Commission has awarded a whistleblower with $20 million for providing new and critical information that led to the success of an enforcement action.

Institutional FX

Tradesmarter’s white label WOW TRADER integrates with TradingView

Tradesmarter’s white label trading platform solution WOW TRADER has integrated with TradingView, the high performance and mobile friendly charting tool.

Industry News

ASIC loses fee overcharging case against Commonwealth Bank of Australia

“ASIC pursued this case because we believed CBA did not have robust compliance systems to ensure customers were being correctly charged. ASIC will carefully consider the judgment and continue to work to ensure large financial institutions charge fees correctly and put their customers first.”

Digital Assets

Kraken pays $362K fine for onboarding Iranian users

Cryptocurrency exchange Kraken will pay $362,158 to settle its civil liability for apparent violations of US sanctions on countries like Iran, the Treasury Department’s Office of Foreign Assets Control said.

Digital Assets

Bankrupt lender BlockFi owes $275 million to FTX.US

Distressed crypto lender BlockFi has filed for Chapter 11 bankruptcy protection, nearly two weeks after halting withdrawals of customer deposits due to significant exposure to bankrupt exchange FTX.

Metaverse Gaming NFT

Astar Network powers WASM smart contract devs with Swanky toolkit

Blockchain innovation hub Astar Network is launching Swanky, an all-in-one tool for smart contract developers that bridges the elements of WebAssembly (WASM) ecosystem into a single interface.

Digital Assets

Crypto exchange AAX’s marketing exec leaves as withdrawal halt continues

Atom Asset Exchange (AAX) is losing Ben Caselin, its vice president for global marketing and communications, at a time when senior executives continue to leave the crypto exchange at a critical time.

Digital Assets

A Safe Platform To Trade Your Cryptocurrency

We’ve all probably wondered at one point in time if we should even bother with cryptocurrencies. Judging by the rapid demand for cryptos, it seems that it’s only just the beginning. Once we’ve established and decided that ‘of course’ cryptocurrencies are a market worth delving into, there comes the hardest question of them all: which crypto exchange should I go with?

Retail FX

OctaFX broker invites everyone on a festive trading journey

This winter, the global Forex broker OctaFX invites every trader on a four-week trading journey aboard its Festive Express. A massive New Year campaign will appeal to all who love lucrative offers. It is the perfect opportunity to start celebrating the coming year.