b.fine, an innovative challenger in the RegTech industry and advisor for regulatory reporting is extending its capabilities with trade and transaction reporting by partnering with Point Nine. Point Nine is the latest partner that has joined b.fine’s RegTech ecosystem built around its b.rx platform.
Financial institutions are being exposed to a regulatory tsunami with ever increasing reporting complexity and data requirements. Moreover, the amount of data is constantly increasing and thus, financial services professionals experience more difficulties with their regulatory reporting processes.
b.rx is a reporting platform that makes regulatory reporting less complex, more efficient and more cost-effective. The high level of automation and digitalization of the reporting processes within b.rx relieves reporting teams and allows financial institutions to regain control and oversight over their reporting processes. By offering a solution based on components in the cloud and opting for Reporting As A Service, we step away from the one size fits all approach and deliver a tailor-made platform that is adapted to your reporting needs.
By relying on an ecosystem where we connect the best of breed solutions, financial institutions are able to create, monitor, manage and visualize their reporting processes in one central platform. By including Point Nine’s solution for trade and transaction reporting into the b.rx Marketplace, we are drastically extending our reporting coverage and are able to offer a one-stop shop experience for regulatory compliance. Point Nine and b.fine will support organizations to improve the quality and accuracy of their regulatory reporting for all regimes.
Andreas Roussos, CEO of Point Nine, states: “Our aim is to provide a peace-of-mind trade and transaction reporting service to all market participants in the capital markets. Our partnership with b.fine will combine our proficiency, in this way, will enable existing and potential clients to benefit from our leading products and services as well as their regulatory expertise.”
“Our idea of the b.rx Marketplace is to create an extensive RegTech ecosystem from which the reporting platform can be composed according to your needs. Partnering with Point Nine and making their platform available on the b.rx Marketplace allows us to go beyond regulatory reporting and provide financial institutions an answer to the trade and transaction reporting challenges.” Says Klaas Van Imschoot, CEO of b.fine.
Getting the data right and getting the right data is crucial for financial institutions when it comes down to regulatory reporting. Therefore, financial institutions rely on b.fine to transform their time-consuming, inefficient reporting processes into an effective reporting supply chain. Through our unique mix of services and technology solutions, we are leading financial institutions from regulatory reporting towards regulatory intelligence. Today, we are ensuring the reporting processes of financial institutions through different engagement models:
- Technology: b.fine has bundled its expertise gained on many different regulatory inspired projects into b.rx, the first SaaS reporting platform that focuses on the user journey by leveraging on unique features like collaboration, workflow & key insights. Through b.rx, we are making regulatory reporting less complex, more efficient and more cost effective.
- Advisory: b.fine’s team of senior business and technology consultants supports financial institutions on their transformation to become a more (regulatory) data-driven organization
- Managed Services: Banks are facing challenges to keep their reporting platforms up-to date and the associated costs under control. This is why b.fine offers managed services and allows clients to effectively outsource certain parts of the reporting processes while they focus on their core business.
Point Nine Data Trust a dedicated firm focusing on providing trade and transaction reporting services to legal entities across the globe.
Point Nine was founded in 2002, and since then the company collaborates with both buy- and sell-side financial firms, service providers, and corporations to help them ensure high-quality and accurate reporting to remain compliant. Point Nine’s technology is designed to help firms successfully meet their regulatory reporting requirements under the following regimes: EMIR, MiFIR, SFTR, FinfraG, ASIC, CFTC and Canadian.
Since October 2015, Point Nine has processed and reported more than 7 billion transactions across all asset classes and have served over 100 legal entities to date.
Backed-up with the technology of Amazon Web Services and developed with Python, Point Nine’s solution requires no installation or maintenance. Paired with driven and dedicated team of industry experts, Point Nine is your safest and fastest choice.