RegTech Disruptor Risk Focus Launches RegTek Solutions
- Security and Compliance
- 25.01.2017 06:45 am
Risk Focus, Inc., the specialist solutions provider to the global capital markets, today announced the launch of a new firm, RegTek Solutions Inc.(RegTek). RegTek, a wholly-owned subsidiary of Risk Focus, will be the new home for Report-it, the market-leading control and compliance software for global trade and transaction reporting, including Validate.Trade, Reportable.Trade, Load.Trade and new in 2017, Reconcile.Trade.
Brian Lynch, CEO of RegTek, commented: “We launch with a clear mission – to offer the most flexible, complete and cost-effective solutions for financial institutions seeking to improve the quality, transparency, efficiency and control of their regulatory reporting systems. Moving our Report-it business into its own entity will allow us to concentrate on this single-minded mission and our clients will benefit from the focused, specialized resources and assets RegTek has to offer. With major impacts like MiFIR, the EMIR Rewrite, SEC SBSR, and SFTR occurring in the next 24 months, we felt this was the right move at the right time.”
RegTek offers solutions which can be integrated into an institution’s existing regulatory reporting infrastructure or form the backbone of new, strategic platforms that will deliver the required levels of control, transparency and quality assurance to meet the regulatory demands. The Report-it solutions are backed by a team of market, product and technology experts whose sole goal is to build, maintain and support these systems. As a wholly-owned Risk Focus subsidiary, new and existing Risk Focus Solutions clients will continue to benefit from this expertise.
“Compliance and regulation have taken centre-stage at the world’s financial institutions and our clients will continue to be reassured by our unique service level agreement (SLA) and the industry’s most flexible and complete suite of controls for global trade and transaction reporting,” added Brian Lynch.