deltaconX partners with KRM22 08 November 2019London Reporter: Jenna Lomax
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The regulatory reporting service deltaconX has partnered with KRM22 to create a link to its global risk platform for its clients.
The platform enables firms to meet regulatory reporting requirements including the European Market Infrastructure Regulation, the second Markets in Financial Instruments Directive and the incoming Securities Financing Transactions Regulation.
Fabian Klar, director of sales and customer relations at deltaconX, said: 鈥淥ur service is designed to simplify the regulatory reporting processes firms are required to follow to adhere with the large number of regimes across Europe.鈥�
According to KRM22, the application simplifies the reporting process through automation and error handling, minimising manual work and the likelihood of human error.
Saeed Patel, director of product strategy at KRM22, commented: 鈥淲ith a rise in the number of enforcement actions and a plethora of progressively complex regimes to comply with regulatory reporting is an increasingly important area of focus for our customers.鈥�
He added: 鈥淭his new partnership with deltaconX is complementary to the suite of regulatory risk applications which is currently available through our global risk platform and will allow us to help firms reduce the complexity of complying with multiple regulatory reporting regimes.鈥�
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