Compliance and data analytics firm SteelEye has announced a partnership with consultancy firm Margin Reform to support the latter’s clients with compliance and regulatory reporting solutions, through the provision of SteelEye’s RegTech suite to help them address the challenges of the evolving regulatory landscape.
SteelEye’s reporting suite captures, cleanses, validates, and enriches client data in real-time and automates large parts of the MiFIR/EMIR transaction reporting process. By doing so, it addresses the significant data integrity challenge many firms have faced following recent regulations and enables them to improve their operational efficiency while freeing up resources.
“With increasing regulations, and marketplaces such as the CME and Deutsche Börse about to close their reporting businesses, there has been a significant increase in the demand from affected clients seeking automated solutions to properly handle their regulatory reporting and other compliance requirements,” says Matt Smith, CEO, SteelEye. “It is a situation that is ideally suited for SteelEye’s regulatory reporting and wider compliance suite, designed to enable firms to seamlessly manage multiple regulatory requirements within one platform.”
Shaun Murray, CEO of Margin Reform, adds, “Over the past two months, we have experienced a significant increase in the number of enquiries from clients around regulatory reporting. To support our growing client base, we wanted to partner with a vendor offering a highly automated and efficient reporting solution as part of a wider compliance suite. After a careful review of the market, the breadth and scope of the SteelEye offering stood head and shoulders above the competition.”