Qomply was founded in response to a gap in the market caused by the introduction of a complex body of transaction reporting regulations known as MiFID. Co-founders Michelle Zak and Stuart Hartley recognised that transaction reporting regimes placed a huge strain on financial firms not only in resourcing but also in the increased capital budget required to be compliant. At the time there were no technology solutions to help firms.
Michelle and Stuart founded Qomply to address this need by providing technology solutions to financial firms hardest by regulations.
“It’s key that all firms have access to technology-driven regulatory reporting so that compliance is achievable cost-effectively. Qomply’s platform and its disruptive technology bridges the gap to offer all firms a first-in-class, reliable and comprehensive solution at affordable price points.” Michelle Zak, Managing Director at Qomply
Qomply's ReportAssure Platform, powered by its proprietary assurance engine, performs a sophisticated matrix of rules and accuracy checks for transaction reports across various reporting regimes such as MiFID, SFTR, EMIR and ASIC. By delivering one of the most comprehensive arsenals of accuracy checks in the industry, Qomply gives its customers real peace of mind that their reports are as complete and accurate as possible.
“One of the success factors in Qomply’s growth has been the way we divided access to the platform into separate modules enabling us to offer each at lower price points. Larger firms purchased more modules to build their own bespoke suite of tools so they were undisturbed by, perhaps even enthusiastic about the modularity of the system. Smaller firms proceeded step-by-step in their purchases and at a pace that made sense for their constraints.” Stuart Hartley, Managing Director at Qomply
Our mission is to empower all financial firms to meet their regulatory transaction reporting requirements with best-in-class, easy-to-use technology solutions at affordable price points.
First-class: we’re committed to developing excellent solutions that empower our customers and partners.
Inclusive: by offering affordable, modular subscriptions, we enable firms of all sizes to benefit from high-quality, regulatory reporting technology.
Straight forward: our reporting requirements may be complex but our solutions aren’t - we offer straight-forward interfaces and streamlined APIs meaning you’re up and running in minutes.
Obsessed by the small stuff: we’re all about the details. Qomply goes far beyond the simple validation of the suggested regulatory checks by looking at every field and product type with granular, forensic detail.
Nathalie Revillion-Castro, Chief Operating Officer, London
"RJO specifically engaged with the Qomply team to use their ReportAssure tool to aid with two large projects that were time sensitive. The Qomply ReportAssure tool - which incorporates diagnostics based around field validations for submission and compliance lead field guidance for fields that will be accepted but may not be accurate - has a great user-friendly GUI and many features that add to internal controls. Qomply provided solid advice and expertise in consolidating our internal control structure for MiFID II Transaction reporting. A great way to enhance controls and stay compliant with the NCA's as both a BAU tool and also an internal audit enhancing product."
Martin Williams, Head of Investment Operations
"Qomply's technology has helped us improve the accuracy and efficiency of our regulatory reporting framework. Good industry knowledge and practical experience combined with a can do attitude makes them a great partner to work with."
Gore Browne Investment Management
Simon Hebb, Compliance Director
"Qomply has reduced the complexity of what was a tedious and painful process. The scope and breadth of their platform helped us address our regulatory obligations around transaction reporting reconciliation. Qomply is an excellent solution for our MiFID reporting requirements and significantly reduces the very real risk of an error in what had been a manual exercise."
James Waterman, Operations Director
"We have been really impressed with the Qomply team and the ReportAssure platform. The platform is intuitive and provides us with thorough exception-based accuracy checking of our Transaction Reports. By adopting Qomply’s solution, we have managed to automate a number of aspects of our verification checks, enabling us to greatly improve the efficiency of the overall reporting process."
Bovill Regulatory Consultants
Eoghan Hartigan, Managing Consultant
"Qomply have combined a genuine grasp of complex regulations with polished technology. The result is a tool that strengthens the hand of those seeking to manage the regulatory risk that comes with trade and transaction reporting."
Irwin Mitchell Asset Management
John Gilles, Head of Operations - Senior Associate
"Bringing Qomply on-board to use as part of our validation process for transaction reporting has given us confidence as a business that the transaction reports that we are submitting are delivered accurately. We have also been impressed by the support and responsiveness offered by Qomply through the testing phase as well as with any day to day queries."
Kroll (formerly Duff&Phelps)
Zach Johnson, Director, Regulatory Consulting
"Qomply’s solutions are innovative and client focused. Their solutions recognise the importance of data quality and demonstrate an in-depth understanding of the challenges faced by the spectrum of investment firms in maintaining accurate reports. Qomply are forward looking and agile; they constantly keep their eye on the regulatory horizon ensuring their solutions are reflective of current and upcoming regulatory changes. They are a pleasure to work with."
Before founding Qomply, Michelle was Chief Operating Officer at Kyte Broking/Market Securities, a global, mid-size financial firm servicing institutional clients in London, Paris, New York, and Dubai. Michelle drove the MiFID II implementation at the firm and is a recognised authority on the implementation of the regulations affecting the financial industry.
Over the course of her career, Michelle held various senior leadership positions within investment banking. Having degrees in both Mathematics and Computer Science, Michelle spent several years implementing quantitative trading strategies for the investment banking divisions of BNP Paribas and UBS. At BNP Paribas, Michelle led a team charged with implementing trading strategies for Credit Arbitrage Trading as well as tactical solutions for computing valuation and risk for bespoke products across Fixed Income.
Having started his career at Salomon Brothers, Stuart worked with investment banks such as Credit Suisse, HSBC, BNP Paribas as well as hedge funds such as Bluecrest Asset Management.
Stuart has held roles ranging from software developer, business analyst, project manager to operations manager. His expertise is in the development of integrated control frameworks and trade processing systems across asset classes.
At Kyte Broking, Stuart drove operational and regulatory initiatives as he interpreted regulatory requirements and applied them across key business areas. Stuart holds a degree in Computer Science and Mathematics.
Charlotte comes to Qomply with over 15 years of experience in digital strategy and marketing with expertise in driving innovative growth and building high performing marketing and product teams. She brings a combination of creative and analytical experience across a variety of disciplines including telecoms, recruitment, travel and the public sector.
Before joining Qomply, Charlotte spent eight years at Reach Plc (formerly Trinity Mirror Plc) leading marketing at recognised divisions such as Digital Recruitment and Fish4jobs. Before Reach Plc, Charlotte held senior marketing positions across various firms as she delivered marketing solutions for recognised clients such as Microsoft, IBM and BT.
Sophia spent years at the UK Financial Conduct Authority (FCA) where she specialised in MiFID II Transaction Reporting within the FCA Markets Reporting Team (MRT) team. Before joining the FCA’s Markets Reporting Team at the FCA, Sophia spent two years as an MI associate within the FCA's Enforcement division.
After leaving the FCA, Sophia served as an Associate in Bovill's Capital Markets team, a leading regulatory consultancy, providing clients with specialist advice and support related to transaction reporting matters
Peter is an established market leader having begun his career on the International Financial Futures Exchange (LIFFE) in the 1980’s. He was an early pioneer in establishing Kyte Broking, a wholly-owned subsidiary of The Kyte Group, where he served as Chief Executive from 2000 up to his steering the business through its acquisition by GFI Group in 2010.
From there, Peter went on to serve on a number of boards within the financial sector including notable firms such as RJ O’Brien, Hamilton Court FX and PrismFP. Most profoundly, however, is Peter’s contribution to education where he continues his hands-on involvement in providing strategic guidance and governance oversight in the sixth-form sector.
David helped spearhead the growth of Intercontinental Exchange (ICE) in Europe through an 18-year tenure at ICE Futures Europe, including over a decade as President. David led the ICE team which helped create the European Climate Exchange, and participated in a number of asset purchases, notably the creation of the Dutch exchange ICE Endex and the acquisition and integration of NYSE Euronext. Before joining ICE, David was a financial management consultant at KPMG.
Since retiring in 2017, David has continued his service to ICE, where he serves as Chair of ICE Futures US and a member of the ICE LIBOR Oversight Committee. He serves on the Advisory Board and Risk Committee at Prism FP and chairs the Development Committee at Wesley House, a Methodist College in Cambridge.
Want to know more or just want to phone us up for a chat?
+44(0)20 8242 4789