IHS Markit collaborates with Cappitech for SFTR solution
25 June 2019 London
Image: Shutterstock
Cappitech has partnered with IHS Markit to develop the IHS Markit Securities Financing Transactions Regulation (SFTR) solution.
The SFTR solution will incorporate regulatory reporting solutions provider Cappitech’s platform Capptivate, which will provide automated and efficient transaction reporting to trade repositories under SFTR, as well as additional securities finance instruments from the second Markets in Financial Instruments Directive that will be in scope under SFTR.
Under SFTR, firms will be required to report 155 data fields daily, including the unique transaction identifier, legal entity identifier and master agreement for each transaction.
The IHS Markit SFTR solution promises to provide a one-stop-shop service for these requirements, encompassing data aggregation, validation and enrichment.
Pierre Khemdoudi, managing director and global co-head of equities, data and analytics at IHS Markit, commented: “We look forward to leveraging Cappitech’s technology to deliver a regulatory reporting solution that can help manage the comprehensive requirements of SFTR.”
“We believed our combined expertise will further automate complex data management processes through a highly scalable, cost effective and unified platform.”
Ronen Kertis, CEO and founder at Cappitech, added: “We’re delighted to be partnering with IHS Markit to power their industry-leading SFTR solution. Our mission at Cappitech is to ease regulatory reporting burden by offering clients next-generation technology that allows them to both comply and gain a competitive advantage.”
The SFTR solution will incorporate regulatory reporting solutions provider Cappitech’s platform Capptivate, which will provide automated and efficient transaction reporting to trade repositories under SFTR, as well as additional securities finance instruments from the second Markets in Financial Instruments Directive that will be in scope under SFTR.
Under SFTR, firms will be required to report 155 data fields daily, including the unique transaction identifier, legal entity identifier and master agreement for each transaction.
The IHS Markit SFTR solution promises to provide a one-stop-shop service for these requirements, encompassing data aggregation, validation and enrichment.
Pierre Khemdoudi, managing director and global co-head of equities, data and analytics at IHS Markit, commented: “We look forward to leveraging Cappitech’s technology to deliver a regulatory reporting solution that can help manage the comprehensive requirements of SFTR.”
“We believed our combined expertise will further automate complex data management processes through a highly scalable, cost effective and unified platform.”
Ronen Kertis, CEO and founder at Cappitech, added: “We’re delighted to be partnering with IHS Markit to power their industry-leading SFTR solution. Our mission at Cappitech is to ease regulatory reporting burden by offering clients next-generation technology that allows them to both comply and gain a competitive advantage.”
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