IHS Markit Acquires Regulatory Reporting Firm Cappitech

IHS Markit (Nasdaq: INFO) has expanded its Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term and financial markets solutions offerings with the recent acquisition of Cappitech, a regulatory reporting and intelligence solutions provider.

Announced on Monday, the merged companies are yet to reveal the combined offering and the opportunities, which is scheduled for the end of this month.

“This acquisition reflects our commitment to delivering a single global regulatory reporting solution that meets the fast-evolving needs of our clients,” Cappitech wrote on a press release shared with Finance Magnates.

Prior to the closing of the acquisition deal, IHS Markit partnered with Cappitech in 2019 for SFTR services.

Regulatory Reporting Is a Priority for Companies

The acquisition deal was closed at a time when the demand for regulatory reporting services was rising. A survey published by Cappitech last November showed that 65 percent of the companies had to change their reporting due to inefficiencies and errors.

"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," IHS Markit's Managing Director for global equities, Pierre Khemdoudi, said.

IHS is a major data financial data provider and was founded in 2016 with the merger of IHS and Markit. The company is also reportedly in talks with New York-based S&P Global for a $44 billion merger deal.

Based in Israel, Cappitech offers reporting and analytics services in several markets, including EMIR, MiFID II, RTS 27/28, ASIC, SFTR and MAS. Additionally, it offers best execution analysis and business intelligence solutions to financial services companies.

Moreover, it raised $4 million in a funding round closed in 2018, as seen on Crunchbase.

"Cappitech's technology platform complements IHS Markit’s existing offering, providing a comprehensive, integrated transaction regulatory reporting service. Our combined clients will benefit from future-proofed reporting (for additional Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term as well as changes to existing regulation) and CAT (Correct, Accurate and Timely) reporting in-line with the regulator’s requirements. Deep domain expertise is enhanced by leveraging experience from servicing hundreds of global financial firms to ensure a consistent market-led approach for regulatory issues.," Ronen Kertis, Cappitech's CEO and founder, told Finance Magnates.

"We're seeing growth in interest for vendor-led solutions across the market, and IHS Markit and Cappitech's combined offering will offer economies of scale for existing and new clients for the implementation of new and changing regulations."