Delta Capita, the international business & technology consulting and managed services firm, has announced a strategic alliance with The Field Effect, a London-based consultancy specialising in securities financing, clearing and collateral management.

The alliance will deliver a strong combined capability in prime brokerage, securities finance and collateral management designed to help clients address transformational change and regulatory requirement initiatives including the Securities Financing Transaction Regulation (SFTR) that aims to increase the transparency of securities financing transactions (SFTs). Firms urgently require a comprehensive review of their reporting and reconciliation processes however can be missing as much as 40% of the data required for SFTR reporting and 60% of their processes are impacted by the regulation.

In addition to combining the extensive pre- and post-trade expertise of both firms, The Field Effect brings significant strategy, operating model, road mapping and business case expertise, with Delta Capita delivering technology and data & integration solutions, managed service experience and consortia management capabilities.

Commenting on the alliance, David Field, Founder & Managing Director of The Field Effect, said “The combination of our respective strengths will serve to provide both our clients with the very best of solutions spanning consulting advice, technological solutions & delivery, and managed services.”

Joe Channer, Delta Capita, Founder & CEO, added "We are delighted to announce this strategic alliance with The Field Effect. SFTR is a very significant piece of regulation impacting almost every aspect of the trade lifecycle. It requires changes to operating models, considerable data engineering programmes and new technology solutions to address these challenges. This collaboration will allow both our firms to best service their respective clients and meet the inbound interest by offering a full scope service at scale.

Channer added, “Delta Capita is highly experienced at facilitating industry consortia and in creating and managing shared industry platform solutions. Meeting the SFTR requirements has created some common challenges across the industry and we are evaluating collaborative and mutualised models designed to help the industry meet its regulatory commitments in the most cost effective and efficient way.“