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

A-Team Insight Blogs

SimCorp Partners deltaconX to Deliver SFTR Reporting Solution

SimCorp is seeking to solve the data management issues of Securities Financing Transactions Regulation (SFTR) reporting with a cloud-based solution developed in partnership with regulatory compliance specialist deltaconX. The SFTR offering is included in SimCorp’s latest software release and provides transaction reporting through the deltaconX regulatory platform.

With the first wave of SFTR reporting requirements coming into force in April 2020, time is of the essence when it comes to reporting compliance for the buy-side – and with 155 fields of data to fill, data sourcing and post-trade reporting is no small task.

Carsten Kunkel, head of SimCorp’s Global Regulatory Centre of Excellence, says: “While the reporting regime may be structurally similar to EMIR, the buy-side cannot write off SFTR as just another EMIR. Up to 40% of the data required is estimated to be difficult to source. Firms cannot afford to take a piecemeal approach and instead must look to consolidated operations and robust regulatory reporting to tackle the impact of the regulation on business.”

The SimCorp solution focuses on transparency and data control, with differentiators such as the flexibility to load third-party data, such as tri-party agent collateral reports. Transactions are processed in SimCorp Dimension, the firm’s flagship investment management system, while the company’s Investment Book of Record (IBOR) is used for automated daily reporting, validation of trade data against the regulatory rule set, and an overview of transactions across business processes. The solution also comes with a standardised integration to the deltaconX platform, to manage the flow of reporting to trade repositories.

Based on Software-as-a-Service technology, the SFTR solution is part of a wider strategic move by SimCorp towards managed services with a focus on regulatory compliance and maintenance.

Related content

WEBINAR

Recorded Webinar: Unifying client data to accelerate insights and deliver better experiences

Data insight is critical to all aspects of the buy-side investment process from portfolio decisions that drive core revenue and incremental revenue opportunities, to delivering unique and timely investment research, and rapidly innovating and offering new products to clients. While this is a key goal for asset managers, built on the ability to understand and...

BLOG

Fund Administration Services Provider EFA Selects NeoXam Impress Regulatory Edition

EFA, a provider of administrative services to the fund industry in Luxembourg, has selected NeoXam’s Impress Regulatory Edition hosted with NeoXam-as-a-Service to help meet its regulatory goals. EFA was already using NeoXam GP, the vendor’s back-office investment accounting tool, and selected Impress Regulatory Edition as it needed a dedicated platform to industrialise operations, as well...

EVENT

TradingTech Summit Virtual

TradingTech Summit (TTS) Virtual will look at how trading technology operations can capitalise on recent disruption and leverage technology to find efficiencies in the new normal environment. The crisis has highlighted that the future is digital and cloud based, and the ability to innovate faster and at scale has become critical. As we move into recovery and ‘business as usual’, what changes and technology innovations should the industry adopt to simplify operations and to support speed, agility and flexibility in trading operations.

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...