25 September 2023
Qomply's Michelle Zak features on the cover of September's edition of Asset Servicing Times discussing how Qomply can help those tackling the EMIR Refit, amid skyrocketing operational and regulatory costs.
"The bottom line is that most firms recognise that regulatory divergence is here to stay...Qomply has seen a distinct increase in the number of firms seeking to outsource their entire transaction reporting operation. My team has worked to provide scalable and affordable solutions for firms of varying sizes. By bringing Quality Assurance and Reconciliation to Qomply’s cloud-based technology, firms remove the need for manual processes, specialist knowledge, and inefficient practices.
With constrained budgets, firms are seeking cost-savings across operations, regulatory reporting and oversight. Some firms are opting for a scalable approach towards outsourcing. First, they may utilise our cloud solutions for just Quality Assurance, then they move towards streamlining processes such as sending trades directly to the regulator themselves, rather than use an intermediary. Then, they may automate the entire process. It really depends upon their transaction volume, in-house capabilities and their strategic plan."
Read more here: Asset Servicing Times, September 2023 Edition
Qomply empowers financial firms of all sizes to meet their regulatory transaction reporting requirements (MiFID, EMIR, SFTR, and ASIC) with best-in-class cloud-based technology solutions that are easy to use at affordable price points.
Our award-winning ReportAssure platform, powered by our proprietary assurance engine, delivers one of the most comprehensive arsenals of accuracy checks in the industry, ensuring our customers’ transaction reports are as complete and accurate as possible.
By offering affordable, modular subscriptions, we enable financial firms of all sizes to benefit from high-quality, regulatory reporting technology, choosing from a menu to suit all appetites.
For more information, please contact Qomply, on +44 (0) 20 8242 4789 or email@example.com
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