Qomply Wins Award For

Most Innovative Regulatory Solution

18 May 2022

Award recognises Qomply's innovative and disruptive approach to delivering instant peace of mind to firms concerned about the accuracy of their transaction reporting.

Qomply's game-changing technology-driven "Healthcheck" solution instantly highlights problematic areas in the accuracy of a firm's transaction reporting.

Qomply, a leading compliance technology firm, has been recognised as the Most Innovative Regulatory Solution in the 2022 by WatersTechnology Inside Market Data Awards and Inside Reference Data Awards.

"With our innovative technology, firms receive immediate and accurate results regarding the quality of their reporting and areas to address. This level of sophistication and detail had not been previously available as firms would have had to rely on external parties to deliver a costly and time-consuming task.", said Michelle Zak, Managing Director at Qomply.

"Many firms approach us on the basis that they know there are issues lurking in their reporting that need to be addressed quickly", continued Zak, "Within the week, they are using our technology and independently working through issues. When they require a trade modelling and operational review, they enlist the help of one of our regulatory partner firms that interact with them on the platform. Ultimately, they are in control during the entire process and services. Many firms go on to subscribe to an annual subscription as they increase their quality assurance checks more regularly with larger firms conducting checks daily."

Qomply's cloud-based, plug-and-play solutions with their straight forward interfaces further reduced the barriers as users are up and running in minutes. Most importantly, however, is that everyone can use the system and there is no need to onboard technical specialists or expert regulatory staff. Firms with limited resources and budgets are able to access the solutions.

"At Qomply, we're all about the details. Our ReportAssure platform examines every field and product type with granular, forensic detail through a sophisticated matrix of rules and data accuracy checks. Our proprietary engine is kitted out with best-in-class technology - from AI pattern recognition to accelerate the detection of common errors to the implementation of heightened level of securitization, data is protected and processing is efficient. This liberates firms from this burden and transforms their operational functions to focus their time on their core business." Zak added.

Full article in Waters Technology available here: WatersTechnology Awards Rankings

About Qomply

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 info@qomply.co.uk

Follow Qomply on social media on Twitter (https://twitter.com/QomplyRegTools) and LinkedIn (https://www.linkedin.com/company/qomply/)

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