KRM22 has partnered with deltaconX, a provider of regulatory reporting services for European financial, energy and commodity trading organisations.
KRM22 is to utilise deltaconX's solution, a service-based platform, which will be available through KRM22’s global risk platform.
It enables firms to meet regulatory reporting requirements including European Market Infrastructure Regulation, the Securities Financing Transactions Regulation, the Markets in Financial Instruments Regulation and the second Markets in Financial Instruments Directive.
The application simplifies the reporting process through automation and error handling, minimising manual work and the likelihood of human error.
Saeed Patel, director of product strategy at KRM22, commented: “With a rise in the number of enforcement actions and a plethora of progressively complex regimes to comply with regulatory reporting is an increasingly important area of focus for our customers.”
He added: “This new partnership with deltaconX is complementary to the suite of regulatory risk applications which is currently available through our global risk platform and will allow us to help firms reduce the complexity of complying with multiple regulatory reporting regimes.”
Fabian Klar, director of sales and customer relations at deltaconX, said: “Our service is designed to simplify the regulatory reporting processes firms are required to follow to adhere with the large number of regimes across Europe.”
