NEX Regulatory Reporting to Utilise Duco Cube for MiFID II Reconciliation Solution

NEX Regulatory Reporting to Utilise Duco Cube for MiFID II Reconciliation Solution
08.06.2017 11:00 am

NEX Regulatory Reporting to Utilise Duco Cube for MiFID II Reconciliation Solution

Compliance , Regulatory Standards , Data

NEX Regulatory Reporting, a NEX Group business which provides regulatory reporting services across worldwide regulatory regimes, and Duco, the global provider of self-service data normalisation and reconciliation services, today announce that NEX Regulatory Reporting is to use Duco’s technology to provide MiFID II reconciliation to their clients.

Reconciliation is a mandatory activity under MiFID II. The joint offering will use Duco’s reconciliation platform, Duco Cube, as a “black box” through its API. As a result, NEX Regulatory Reporting clients will receive a seamless reporting, validation and reconciliation experience for MiFID II through the new NEX Regulatory Reporting integrated user interface. Clients will also be able to get full access to a dedicated Duco Cube instance for more complex requirements, such as MiFID-related internal controls or clean-up activities.

Collin Coleman, CEO of NEX Regulatory Reporting, said: “What sets us apart in the market is our understanding of both regulation and technology and our strong focus on the end-to-end experience. By working with Duco, we will be able to scale fast and provide our rapidly growing client base with strong independent verification based on best-of-breed technology – all up and running long before the January 2018 deadline for MiFID II.”

Christian Nentwich, CEO of Duco, said, “Duco Cube is particularly suited to the high volume, high complexity requirements imposed by MiFID II. Many of our clients rely on Duco Cube for regulatory reporting reconciliations under EMIR and MiFID today, and we are pleased to bring this technology to a wider audience in partnership with NEX Regulatory Reporting. This collaboration is a good example of the modern API economy and the rapid time to market provided by combinations of Software as a Service offerings.”

Related News

Broadridge Emerging as Go-To Solution for Leading Financial Intermediaries for New European Shareholder Rights Directive (SRD II)

Responding to the urgent need for financial institutions globally to comply with the European Commission’s (EC’s) updated Shareholder Rights Directive (SRD II) by the September... Read more »

Experian partners with Global Data Consortium to bolster international customer identity verification

Experian and identity verification provider Global Data Consortium (GDC) have today announced a new partnership which will transform customer onboarding journeys for both... Read more »

Ardent Financial selects SteelEye for MiFID II and MAR compliance

SteelEye, the compliance technology and data analytics firm, has been selected by Ardent Financial, a new FCA authorised Securities Dealer, to... Read more »

Global Banking Innovator ING Joins Global Digital Finance

Global Digital Finance (GDF), a leading industry association advocating and accelerating the adoption of digital assets, has today announced... Read more »

World’s first Halal angel network teams up with UK Fintech to make Shariahcompliant deal opportunities more accessible

An angel network that is among the first to penetrate the $5 trillion Halal consumer market has teamed up with UK fintech Delio to digitise the Halal investment market for... Read more »

EQ launches new automated complaints product for the financial services industry

EQ (Equiniti), the international technology-led services and payments specialist, is delighted to announce that it is launching a new automated complaints... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel