Regtech: SteelEye appoints ex-RegTek Solutions Brian Lynch to lead US operation

Rick Steves

RegTek Solutions was acquired by Bloomberg in 2019 and he spent two years integrating his product into Bloomberg’s regulatory platform.

SteelEye has appointed Brian Lynch as President of its new U.S. arm, the compliance technology and data analytics firm announced.

Brian Lynch will work closely with CEO, Matt Smith, and the management team, to establish SteelEye’s U.S. footprint and lead the firm’s commercial expansion in the North American market.

Offering its cloud-based compliance and regulatory oversight solutions in North America is the next step of SteelEye’s international expansion.

Brian Lynch has over 25 years of experience in building and implementing technology solutions in the financial services industry. He joined Risk Focus from UBS in 2011, after a 15-year career culminating in his role as Chief Operating Officer for various Prime Services businesses.

As chief executive of Risk Focus, Brian Lynch expanded the scale and profitability of the consulting business and oversaw the development of a regulatory focused software solution that he then spun out to create RegTek Solutions, funded by Illuminate Financial and the Deutsche Boerse.

RegTek Solutions was acquired by Bloomberg in 2019 and he spent two years integrating his product into Bloomberg’s regulatory platform. Mr. Lynch joins SteelEye after those two years of integration with Bloomberg. His curriculum vitae speaks for himself.

Matt Smith, Chief Executive Officer of SteelEye said: “Brian’s experience in the industry is second to none, making him a perfect choice to lead SteelEye’s U.S. business. Our North American clients will benefit hugely from his extensive regulatory background. Brian’s knowledge and understanding of the regulatory challenges financial firms in North America face will be invaluable. I look forward to working closely with Brian as we continue to build out SteelEye’s North American franchise.”

Brian Lynch, President, SteelEye U.S., commented: “I am thrilled to join SteelEye at such an exciting stage for the business. The data platform that SteelEye has created is precisely what the market needs – it is flexible, dynamic, and powerful. The ease with which clients can navigate and aggregate data from multiple and disparate sources offers so much to users. This is especially true for firms who have struggled to extract information from the vast quantity of data that they generate on a daily basis. Everyone is looking for greater insights and SteelEye has built a platform that delivers exactly that.”

“The abundance of regulations and regulatory change in the European markets has encouraged innovation in the region. While competition is strong in the UK and Europe, the North American markets are not as well served. The U.S. financial services market is broad and offers a tremendous opportunity for solutions that have proven themselves in a rigorous regulatory environment and I am excited to bring SteelEye to the U.S. client base”, Mr. Lynch added.

The London-based regtech firm claims to be the only regulatory compliance technology and data analytics company that offers transaction reporting, record keeping, trade reconstruction, and best execution along with data insight in one comprehensive solution.

Read this next

Executive Moves

Crculus taps Michael Idzkowski as head of sales

Michael Idzkowski has joined Crculus, a UK-based startup that describes itself as a multi-custody middleware infrastructure for financial institutions, in the post of its head of sales.

Retail FX

ActivTrades jumps on fractional stock trading bandwagon

CFDs and FX broker, ActivTrades has updated its trading offering to provide its clients with the opportunity to trade fractions of stocks.

Digital Assets

BitMEX to list its native token by end of 2023

BitMEX CEO Alexander Hoeptner said the crypto exchange is planning to list its native token, called BMEX, on the spot market by the end of the year.

Market News

Forex investments take over popular sentiment as a worthy global trend

Quite the confusion is afoot in the financial markets. Tighter regulation, rising inflation, energy sector disruptions, social unrest and wars have taken a toll on the world’s economies. How come Forex, as a means of investment, has come up on top as a global trend in 2022? Against the backdrop of current events, the international broker’s expert team at OctaFX has gathered some answers.

Crypto Insider, Metaverse Gaming NFT

How Hiding Crypto’s Influence Will Be Key To Unlocking Its Success

In past years, cryptocurrency has advanced well beyond the technophiles responsible for its initial success to reach widespread name recognition. Crypto has found its way into news, music, culture, and other relevant facets of daily life. 

Digital Assets

SCRYPT Digital taps Enclave Markets to mirror dark pool trading in crypto

“A service like this has been sorely lacking in the crypto space. There hasn’t been a solution that provides the security or privacy that institutions require with these kinds of trades.”

Institutional FX

FXSpotStream reports record monthly volume at $1.613 trillion

Trading volumes on institutional FX platforms surged in September after fears over the impact of recent developments around Russia’s military invasion of Ukraine sent speculative asset classes reeling.

Industry News

OKX adds four-time Olympian snowboarder Scotty James as brand ambassador

‘What is OKX?’ is the name of the new multi-milion dollar brand campaign launched by crypto exchange OKX as part of its efforts toward world expansion.

Industry News

Circle buys Elements and announces beta version of Crypto Payments API

“Lowering barriers of entry for payments and financial services and establishing dollar payments utility are core to Circle’s mission.”

<