MAP FinTech Hires Mark Ellis to Lead Business Development

Regulatory reporting provider MAP FinTech announced on Friday the recent appointment of Mark Ellis as its new senior business development manager.

He will be based in London and will oversee the company’s expansion plans in the United Kingdom and Western Europe.

Additionally, he will lead the company’s regulatory reporting support team under the consultation of Complyport Limited, which is MAP Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term’s strategic regulatory compliance partner in the UK.

"I am excited to be joining such a great team, where innovation and premium support go hand in hand," Ellis told Finance Magnates in a statement. "MAP FinTech has been one of the very first in this field and its presence today confirms its leading position in RegTech. MAP FinTech’s Polaris Platform is indeed a next-generation solution designed to help compliance and operational professionals."

MAP Fintech offers a range of regulatory reporting services including MiFIR reporting, EMIR and SFTR reporting, ASIC reporting, best Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term monitoring and reporting, CRS/FATCA reporting, eKYC, AML transaction monitoring, and market surveillance amongst others.

Ellis has joined the UK operations of MAP FinTech.

A RegTech Expert

He is an expert in the post-trade banking and RegTech industries and has over two decades of experience.

Most recently, he had a short stint as the director of business solutions development at the Depository Trust & Clearing Corporation (DTCC), where he assisted with certain areas of the company’s EMEA strategy and helped build commercial business models for future business lines. Earlier, he worked for this company for years.

He spent more than half-a-decade at CME/NEX Regulatory Reporting by Abide Financial and Markit. There he worked in the commercial and strategy development, and strategically designed and built new regulatory markets for NEX Group.

Additionally, his portfolio includes years at Markit, SwapsWire, and Citi.

"Mark’s extensive and solid RegTech expertise will add significantly to our Group," MAP FinTech’ Group CEO, Panayiotis Omirou added. "We believe that, supported by our innovative and tested compliance and regulatory solutions, Mark will succeed in leading our efforts to the next level."

Earlier this month, MAP FinTech extended its partnership with UnaVista for its EMIR trade repository (TR) services, following the exit of CME and Abide from the market.