RegTech platform Acarda becomes “Capmatix Regulations”

By Puja Sharma

The inclusion of the Acarda solution within the Capmatix product family reflects the role that this can play as a full-service technology offering that can be used for a range of critical functions for financial institutions worldwide.

LPA Group (LPA), the capital markets technology and advisory firm, and the RegTech platform Acarda has been fully integrated into the LPA product portfolio and will operate under the new name Capmatix Regulations.

This rebrand follows the Acarda acquisition by LPA in 2019, and it is part of a group-wide initiative to integrate specialist capital markets technology products into LPA’s flagship solutions framework, Capmatix. The inclusion of the Acarda solution within the Capmatix product family reflects the role that this can play as a full-service technology offering that can be used for a range of critical functions for financial institutions worldwide.

Capmatix Regulations will specialize primarily in the automation of regulatory reporting and automated data management. The private cloud platform will integrate and verify all processes – from data management and sophisticated calculations to the creation and distribution of all major regulatory reports (such as AIFMD, SFDR, PRIIPs, MiFID, etc.) with one single data source and one platform. The new suite will ensure the implementation of European and local regulatory directives and significantly reduce clients’ reporting efforts and costs.

LPA is one of the world’s leading developers and consultants for technology-based capital markets (CapTech) and RegTech solutions for banks, insurers, and fund providers. The core business of the multi-award-winning Group is Capmatix, a software framework to automate workflows and documentation for financial instruments, structured products, and OTC derivatives.

The Capmatix suite includes LPA’s flagship solutions covering OTC Sales & Trading, Legal Document Navigator, Post-Trade and AI Document Digitisation, as well as incorporating solutions from other companies which are part of the Group:

• EffCom: the leading software provider for financial institutions in Germany, which has been fully transferred as a brand and legal entity to the LPA Group in 2020.
• Modelity: a platform for financial modelling and processing of structured retail products for banks, insurance companies, and funds, which joined the LPA Group in 2019.
• Factor-i: a division now fully incorporated into LPA specializing in managed services LPA can process document issuance on behalf of banks and asset management firms.

“The integration represents a further step in LPA’s journey towards becoming the global capital markets technology leader,” said Peter Schurau, CEO of LPA. “Banks, asset managers, and other financial institutions are facing the same challenges around high costs and inflexible infrastructure as they did decades ago. Operations are ripe for transformation and there is immense opportunity for forward-thinking institutions to use the challenges they face as the impetus to drive change and future proof their business model.”

“Financial services companies across a range of verticals are under immense pressure to stay abreast of the latest regulatory requirements and technological innovations. There is an increased demand for a software product that can help them not only navigate but thrive in this challenging and complex environment. By combining our technology and consulting expertise, we have been offering a sound proposition to the market and we’re now ready to take our software and services to new heights,” Ayal Leibowitz, LPA’s Chief Innovation Officer, who will be heading up the regulatory business for LPA, said.

With the main location in Frankfurt and a global footprint spanning 12 other international offices including London, Zürich, Madrid, Tel Aviv, New York, Paris, Luxemburg, and Singapore, and a team of over 400 technology and capital market experts, LPA is supporting a portfolio of international clients.

LPA helps financial services companies with digital transformation, lowering the fixed cost base and automating their necessary advisory and regulatory documentation processes, thereby increasing efficiency, competitiveness and maintaining full compliance.