IHS Markit acquires regulatory compliance technology provider Cappitech

By Edil Corneille

London-based IHS Markit announced today its acquisition of compliance technology provider Cappitech to expand its suite of global, multi-asset class transaction regulatory reporting offerings to the financial industry.

Cappitech, a privately held Israeli company, provides regulatory reporting, execution analysis and business intelligence solutions, allowing customers to efficiently comply with transaction reporting regulations across multiple jurisdictions in one place. The firm’s scalable cloud-based platform is said to be relied on by over 200 global banks, brokers, asset managers, hedge funds and corporations.

In 2019, IHS Markit selected Cappitech’s platform as a key component of its SFTR (Securities Financing Transactions Regulation) solution, which is now said to be relied upon by some of the largest financial institutions in the world. Capitalising on the established relationship and existing integration, this latest move will deliver unified solutions to the market and solidify IHS Markit’s continued commitment to providing regulatory reporting solutions.

“Regulatory reporting demands will continue to grow rapidly around the globe and customers are looking for a reliable, frictionless and cost-effective way to comply with requirements across jurisdictions,” said Pierre Khemdoudi, Managing Director, Global Equities at IHS Markit.

“Cappitech’s platform complements our existing offering, enabling us to provide the most comprehensive and scalable integrated financial regulatory service to customers.”

“We are excited to join a company that shares our passion for providing best-of-breed regulatory reporting solutions and looking forward to expanding our existing commitment to the industry,” commented Ronen Kertis, CEO & Founder at Cappitech. “Based on our extensive engagement with IHS Markit over the past two years, we are confident that combining our mutual successes and sector expertise will enable us to accelerate our product enhancement and services for the benefit of our global clients.”