The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

b-next Launches CMC:Cloud via Thomson Reuters Elektron Platform

b-next, a pioneering provider of multi-venue multi asset class capital markets surveillance and compliance solutions, today announces its CMC:Cloud solution for financial institutions via  the Elektron network from Thomson Reuters. The solution which will offer the b-next CMC:Suite as a “software as a service” will provide Investment Banks, Brokers, MTFs, Asset Managers, Hedge Funds and Private Banks with a new and attractive alternative to on-premise only solutions.

The evolving market and changing regulation has caused Capital Markets firms to request compliance as a cloud solution for risk and compliance management activities. Use of the CMC:Suite via cloud will allow firms to deploy ESMA & SEC insider dealing and market manipulation controls quickly and efficiently from both local and central locations.

The CMC:Cloud solution will provide unprecedented ease of deployment and reduced cost, while ensuring best in class reliability and security. CMC:Cloud combines 100% transaction checking with simplicity, transparency, reliability and rigorous data security. From their end to a central location, local compliance teams can deliver data and the most demanding capital markets trading and compliance regulatory mandates for all asset classes across all venues.

Out-of-the-cloud delivery is particularly attractive for small- to medium-sized institutions as it enables these to employ highly sophisticated, state-of-the-art compliance software structured around current industry best practice without upfront investment for hardware and without the staffing requirements to run and maintain the system. As hosting and maintenance occurs on the Thomson Reuters Elektron platform, costs remain low.

Wolfgang Fabisch, CEO, b-next, comments: “The significant interest and uptake in cloud compliance solutions is a real milestone for the industry. We are proud to deliver the cloud solution to our customers and are confident that the combination of b-next’s superior technology, on Elektron, backed by reliable and experienced implementation and support teams, will help market participants rise to the challenges in the Capital market.”

Related content

WEBINAR

Recorded Webinar: The post-Brexit UK sanctions regime – how to stay safe and compliant

When the Brexit transition period came to an end on 31 December 2020, a new sanctions regime was introduced in the UK under legislation set out in the Sanctions and Anti-Money Laundering Act 2018 (aka the Sanctions Act). The regime is fundamentally different to that of the EU, requiring financial institutions to rethink their response...

BLOG

A-Team Group Names Winners of Data Management Insight Awards 2020

A-Team Group has announced the winners of its prestigious Data Management Insight Awards 2020. The annual awards, now in their eighth year, recognise leading providers of data management solutions, services and consultancy to capital markets participants. The award winners were announced online across categories ranging from best sell-side and buy-side data management platforms to best...

EVENT

RegTech Summit APAC Virtual

RegTech Summit APAC will explore the current regulatory environment in Asia Pacific, the impact of COVID on the RegTech industry and the extent to which the pandemic has acted a catalyst for RegTech adoption in financial markets.

GUIDE

Entity Data Management Handbook – Seventh Edition

Sourcing entity data and ensuring efficient and effective entity data management is a challenge for many financial institutions as volumes of data rise, more regulations require entity data in reporting, and the fight again financial crime is escalated by bad actors using increasingly sophisticated techniques to attack processes and systems. That said, based on best...