SmartStream and RegTek.Solutions Partner Provide Turnkey Recon Solution
- The new service will reconcile internal and reported data.
SmartStream Technologies, the transaction processing solutions provider, has announced a partnership with RegTek.Solutions, which operates in the regulatory Compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term space, to provide a new managed service called Reconcile.Trade.
It has been a rush for financial companies to fulfil their Obligations Obligations In finance, an obligation is a financial responsibility where the terms of a contract must be met. Should an obligation between parties fail then the party who is at default may face legal action. In this scenario, the guilty party will not only have to agree to pay the set amount to fulfill the contractual arrangement but may also be responsible for covering all legal proceedings cost. Routine payments or outstanding debt of any kind are considered financial obligations, so if someone owes you In finance, an obligation is a financial responsibility where the terms of a contract must be met. Should an obligation between parties fail then the party who is at default may face legal action. In this scenario, the guilty party will not only have to agree to pay the set amount to fulfill the contractual arrangement but may also be responsible for covering all legal proceedings cost. Routine payments or outstanding debt of any kind are considered financial obligations, so if someone owes you Read this Term for the MiFID II/MiFIR regulations that will be implemented from January 2018. To help such companies, various technology and regulatory firms have come out with turnkey solutions - this service is one example of this.
The service combines the transaction reporting software of RegTek.Solutions with the reconciliation platform of SmartStream to provide trade reconciliations that will conform to regulatory standards.
Financial companies need a mechanism to reconcile their internal data with the data reported to the regulators. This is achieved through trade repositories (TRs) and approved reporting mechanisms (ARMs), enabling effective oversight.
Reconcile.Trade provides reconciliation services, identification of duplicates, audit trails and root cause analysis, among other services.
MiFID II/MiFIR Reconciliation
Haytham Kaddoura, CEO of SmartStream, commented: “We are very excited to be working with Regtek.Solutions on delivering a full end to end offering for the client base to enable a true control framework for the ever increasing regulatory requirements our clients are now facing. By bringing together the expertise of both companies it significantly lowers the cost challenges to meeting these requirements both locally and globally.”
SmartStream Technologies, the transaction processing solutions provider, has announced a partnership with RegTek.Solutions, which operates in the regulatory Compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term space, to provide a new managed service called Reconcile.Trade.
It has been a rush for financial companies to fulfil their Obligations Obligations In finance, an obligation is a financial responsibility where the terms of a contract must be met. Should an obligation between parties fail then the party who is at default may face legal action. In this scenario, the guilty party will not only have to agree to pay the set amount to fulfill the contractual arrangement but may also be responsible for covering all legal proceedings cost. Routine payments or outstanding debt of any kind are considered financial obligations, so if someone owes you In finance, an obligation is a financial responsibility where the terms of a contract must be met. Should an obligation between parties fail then the party who is at default may face legal action. In this scenario, the guilty party will not only have to agree to pay the set amount to fulfill the contractual arrangement but may also be responsible for covering all legal proceedings cost. Routine payments or outstanding debt of any kind are considered financial obligations, so if someone owes you Read this Term for the MiFID II/MiFIR regulations that will be implemented from January 2018. To help such companies, various technology and regulatory firms have come out with turnkey solutions - this service is one example of this.
The service combines the transaction reporting software of RegTek.Solutions with the reconciliation platform of SmartStream to provide trade reconciliations that will conform to regulatory standards.
Financial companies need a mechanism to reconcile their internal data with the data reported to the regulators. This is achieved through trade repositories (TRs) and approved reporting mechanisms (ARMs), enabling effective oversight.
Reconcile.Trade provides reconciliation services, identification of duplicates, audit trails and root cause analysis, among other services.
MiFID II/MiFIR Reconciliation
Haytham Kaddoura, CEO of SmartStream, commented: “We are very excited to be working with Regtek.Solutions on delivering a full end to end offering for the client base to enable a true control framework for the ever increasing regulatory requirements our clients are now facing. By bringing together the expertise of both companies it significantly lowers the cost challenges to meeting these requirements both locally and globally.”