Sales League Table 2020 | Banking Technology Winners

Results Announced!

IBS Intelligence launches BankTech Daily News

Subscribe today. Limited time offer.

The Black Swan Opportunity | Get your bank digital ready.

IBSI Special 5 Digital Report Package with Special Offer. Subscribe now

India FinTech Report 2020

Insights into the historical and projected market size of key FinTech categories. Subscribe now

Bloomberg acquires software startup RegTek.Solutions

Alejandro Perez

Alejandro Perez, Global Head of Post-Trade Solutions, Bloomberg

Bloomberg has acquired a New York-headquartered startup RegTek.Solutions, a global provider of regulatory reporting software solutions.

The deal is expected to amplify the range of Bloomberg’s regulatory reporting services and deliver a fully integrated and comprehensive service that supports compliance with current and upcoming regulatory reporting requirements across multiple jurisdictions around the globe.

RegTek Solutions’ modular software solutions built around actionable regulatory intelligence will be integrated with Bloomberg’s Regulatory Reporting Hub (RHUB), as well as Bloomberg’s enterprise data management and trading systems.

“The combination of RegTek.Solutions with Bloomberg RHUB allows us to substantially expand our regulatory reporting coverage, and offer quality and control tools to help our clients effectively meet the wide range of global reporting requirements,” Alejandro Perez, Global Head of Post-Trade Solutions, Bloomberg said.

Post-acquisition, clients will have access to a fully electronic reporting workflow including transaction reporting eligibility, data validation, enrichment, and reconciliation, to help them maximize accuracy and inclusiveness in their reporting obligations.

Brian Lynch, Co-founder, and CEO at RegTek.Solutions said, “…combining our solutions with the strength and scale of Bloomberg’s RHUB services, as well as access to their market data, enterprise data management, analytics, and enrichment capabilities will allow us to offer the cross-jurisdictional, cross-asset solutions that our clients demand. We can now continue to deliver sustainable compliance at a scale that will have a fundamental market impact.”

RegTek.Solutions offer trade reporting solutions and compliance software titled ‘Report-It’, which enable firms to improve the quality, transparency, and control of regulatory reporting obligations across multiple jurisdictions and asset classes, including OTC Swaps, Credit, Rates, and Equity, as well as FX and Commodities trading. The firm has ten of the G15 banks on its client list.

The startup was launched in the year 2017, as a specialist provider of global regulatory compliance software by Risk Focus Inc., the risk and regulatory services firm. In September 2017, RegTek secured Series A funding of $5 million from Deutsche Börse and Illuminate Financial Management LLP.

Related IBS Intelligence Research

Related Posts

The Peoples Community Bank selects Finastra to enhance digital capabilities

Finastra, a leading financial software solution provider, has announced that The Peoples Community Bank is expanding its relationship with Finastra to provide its customers with enhanced digital capabilities and innovation speed. Peoples Community Bank and Finastra had been working together for over 20 years, and the community bank is currently upgrading to the Fusion Phoenix […]

This post is only available to members.

Read More »

moneycorp Americas establishes presence in Canada

moneycorp Americas, a leading provider of global payments and currency risk management, has announced its strategic plan to expand to Canada with operations to offer global payment and FX hedging products to both private and corporate clients. moneycorp’s North American operations has served clients in the United States. for more than two decades with focus on […]

This post is only available to members.

Read More »

CaixaBank rolls out two digital solutions for Spain’s non-residents

Spanish retail bank, CaixaBank has rolled out two digital solutions to enhance banking for Spain’s non-residents. The first platform allows non-residents of Spain to digitally onboard with the bank and sign up with HolaBank, a program for the international community. The second platform, MortgageNow, is a digital mortgage application service for non-residents in Spain and […]

This post is only available to members.

Read More »