BearingPoint RegTech partners with UnaVista to simplify reporting for European firms
Through this new partnership, the company offers clients access to best-in-class ARM services and Trade Repositories
BearingPoint RegTech and UnaVista have formalised a partnership agreement for firms seeking to fulfil their reporting obligations for MiFIR, EMIR and SFTR. The partnership brings together the best-in-class capabilities of both firms to enable financial services firms across Europe fulfil their regulatory reporting obligations in a simplified and efficient manner.
As part of their RegTech, RiskTech and SupTech offering, BearingPoint RegTech provides with ABACUS/Transactions a standard software solution for transaction reporting covering regulatory reporting obligations according to MiFIR/MiFID II, EMIR, SFTR, MMSR, MAS and others. ABACUS/Transactions is a multi-entity solution for multiple reporting regimes and jurisdictions. The solution is connected to various entities, such as Approved Reporting Mechanism (ARM) Services, Trade Repositories as well as National Competent Authorities that receive reporting data. To provide clients with high-quality and state-of-the-art solutions, strategies, and support, BearingPoint RegTech has built a partner ecosystem with consulting firms as well as other technology and service providers. Likewise, UnaVista’s Partner Programme follows London Stock Exchange Group's Open philosophy which encourages collaboration across the financial services industry. Since its inception in 2017, the Partner Programme has welcomed over 60 leading independent software vendors and consulting firms into its fold to provide an efficient ecosystem of regulatory reporting solutions for firms.
Alexander Becht, Product Manager, BearingPoint RegTech commented: “We are delighted to formalise this partnership with UnaVista. We are always looking to extend and strengthen our relationship to entities that receive reporting data to provide our customers with the opportunity to use best-in-class ARM services and Trade Repositories along the regulatory value chain. The partnership with UnaVista is a logical consequence. With the access to UnaVista’s ARM and Trade Repository, we offer the connection to one of the market leaders in that area.”
Michael Leach, MD of Global Business Development for UnaVista stated that, “Despite Brexit, the demand for a trusted partner to help firms in the EU and the UK to fulfil their multi-jurisdictional reporting obligations is still present. BearingPoint RegTech is a leader in compliance technology for the largest European markets including Germany, the Netherlands and the Nordics, and we look forward to working with them to help users meet there global requirements including under EMIR, SFTR and derivative reporting.”
About BearingPoint RegTech
BearingPoint RegTech is a leading international provider of innovative regulatory, risk and supervisory technology solutions (RegTech, RiskTech, SupTech) and services along the Regulatory Value Chain for financial services. Customers representing 6,000 firms worldwide, among them large international banks, a major part of the largest European banks, leading insurance companies as well as supervisory authorities and central banks, trust BearingPoint RegTech’s products and services. BearingPoint RegTech works closely with regulators and, as a member of standardization bodies such as XBRL, actively contributes to the standard-setting process. BearingPoint RegTech combines regulatory know-how with proven, reliable and forward-looking RegTech solution suite, expert consulting capabilities, managed services and training seminars.
More information: https://www.reg.tech/en/