Fintech firms AccessFintech and Cappitech announce expansion of partnership
- 05.03.2020 10:38 am
AccessFintech, which delivers collaboration, transparency and control to the financial services industry, and Cappitech, a leading provider of regulatory reporting, best execution analysis and business intelligence solutions for the financial services industry, today announced they will collaborate to deliver greater governance and risk controls for market participants by providing their combined solution to clients across the financial ecosystem.
The new collaboration is an extension of the firms’ existing partnership announced in late 2017 to deliver MiFID II solutions to the market.
The enhanced services include AccessFintech’s exception management solution across trading workflows, as well as Cappitech’s platform which offers multi-jurisdiction transaction reporting and analytics, covering the regulatory evolution from EMIR through North America and Asian governance, to MiFID II and SFTR. AccessFintech recently launched its Global Exception Network with a settlement workflow solution with Citi, Credit Suisse, Goldman Sachs and J.P, Morgan. Cappitech is addressing regulatory challenges efficiently in order to reduce operational risk and costs while simultaneously providing instant intelligence on business operations for users.
The data distribution capabilities of AccessFintech can drive the regulatory processing provided by Cappitech, providing banks with a seamless way of accessing new technologies using the same workflow engine.
Roy Saadon, CEO of AccessFintech commenting on the partnership, said: “I am excited by our alliance - the technology delivery of our products with those of Cappitech’s is seamless across the whole lifecycle. We want to eliminate context switching: the industry has too many screens, too much switching. We want to provide a much smoother interaction, and a frictionless flow of data. I believe there is huge appetite for this new type of collaboration, with shared domain and knowledge transfer.”
Ronen Kertis, CEO of Cappitech, added: “We have a similar approach, and moreover a similar user experience, making it attractive for our clients to be able to access both suites of solutions. Our goal is to help companies perfect reporting and one way we do this is by leveraging the “wisdom of the crowd” derived from our experience in servicing over 100 financial firms.”