London
07 February 2017
Reporter: Drew Nicol

IHS Markit and Pirum partner for SFTR reporting


Pirum Systems has partnered with IHS Markit to build a Securities Financing Transaction Regulation (SFTR) reporting solution by the end of 2017.

The new solution will offer a fully hosted, end-to-end service to assist EU-based users to fulfill the SFTR obligation to report transaction details to a registered trade repository.

This service will enable market participants to leverage existing industry data pipes and workflows, lowering the cost and operational burden of complying with SFTR reporting.

Ben Challice, COO at Pirum Systems, said: “True collaboration between service providers is what the market has been demanding, especially when the service requirement is driven by regulation.”

“By partnering with Markit Securities Finance, we can provide a seamless, end-to-end solution, with unparalleled market coverage, and ultimately reduce customers’ overall costs.”

Pierre Khemdoudi, managing director of the Markit Securities Finance product, said: “We are excited to partner with Pirum Systems to offer a modular, fully hosted SFTR solution.”

“Pirum System’s best in class securities finance post-trade reconciliation and IHS Markit’s proven track record in delivering industry wide regulatory reporting solutions ideally position us to build this unique service.”

More technology news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
InvestCloud builds on digital platform
17 November 2017 | Los Angeles | Reporter: Stephanie Palmer
Financial technology provider InvestCloud has added a new portfolio management tool to its digital platform
Citi pilots new platform for proxy voting
14 November 2017 | London | Reporter: Jenna Lomax
The platform, which is supported by Computershare, will be initially rolled out in the UK for the 2018 proxy season
WTW’s AMX chooses InvestCloud to boost asset management platform
07 November 2017 | London | Reporter: Stephanie Palmer
InvestCloud has been selected by Willis Towers Watson’s Asset Management Exchange to provide a digital interface to connect asset owners and management
R3 and SIA push for blockchain ecosystem
07 November 2017 | London | Reporter: Theo Andrew
The partnership will aim to speed up the global development of blockchain through SIAnet’s network of 600 nodes, provided to financial institutions, corporates and public administrations
BNP Paribas goes live on ASX corporate actions service
03 November 2017 | Sydney | Reporter: Stephanie Palmer
The new service offers straight-through delivery of corporate actions announcements, getting information to clients within seconds of the announcements being made
Lombard Risk provides regtech solution to OneSavings
01 November 2017 | London | Reporter: Jenna Lomax
The introduction of the programme at OneSavings Bank will help to streamline regulatory reporting, data management and analytics, according to Lombard Risk
DTCC enhances its European GTR for SFTR
25 October 2017 | New York | Reporter: Jenna Lomax
The new bolstered SFTR offering will be a significant addition to the existing reporting capabilities, affecting 45 regulators around the world who have access to GTR data
More technology news