New Jersey-based banking technology specialist Sensiple Inc has partnered with communications giant Transaction Network Services (TNS) to bring its global analytical platform Setrega to the FR2 data centre in Frankfurt, further boosting the city’s reputation as a connectivity hub.
Over the next five years Sensiple anticipates Europe to be one of its biggest growth areas as further new regulations are expected to be imposed, and the TNS partnership marks its latest effort to double down on its presence in the region.
Sensiple will use TNS’ managed hosting, colocation and connectivity services to give market participants access to the Setrega platform, replacing its existing client-based model and reducing client onboarding times.
Setrega is designed to integrate with financial services firms, including buy/sell sides and venues, to accept regulatory data and process it to generate regulatory reports in specific formats with minimum customization effort. It can also provide monitoring and governance for various compliance requirements.
The solution is configured to MiFIDII, SFTR and EMIR, as well as BASEL 123 and the Dodd-Frank Act requirements, and has been successfully tested within these frameworks.
“Our goal is to help different types of capital markets participants adopt regulatory compliance cost effectively, where cloud infrastructure would enable them to use Regtech in a simpler and faster manner while developing secure, error free and on time reports,” says Mr Kumaraswamy, Managing Director and Chief Operating Officer at Sensiple. “We have partnered with TNS because of its ability to offer a secure SaaS based model that reduces our CapEx investments and future-proofs our service offering.”
One of the world’s most carrier-dense data centres and a focial point for the continental European financial community, Frankfurt has rapidly emerged as a leading player in the connectivity and colocation space, with more than 11 data centre expansions announced in 2018 alone – including Colt Telecom, Digital Realty, Equinix, Interxion and Maincube. Last year Frankfurt overtook London to become the largest single city data centre cluster in Europe.
TNS entered Frankfurt in 2015, establishing a point-of-presence at FR2 and setting up a low-latency route through London’s LD4 data centre.