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

A-Team Insight Blogs

SmartStream RDU Launches API to Get Firms Over the SFTR Finish Line

Share article

Transaction Lifecycle Management specialist SmartStream has extended its Reference Data Utility (RDU) SFTR service to include a new API targeting firms who need fast access to the technology and data needed need to meet ESMA’s delayed SFTR reporting deadline of July 13.

The API gives access to new tools to validate reference data content during the final weeks of testing before the regulatory deadline – whether that involves filling data gaps, resolving exceptions, not having full issuer to ISIN LEI coverage, or helping firms to avoid counterparty breaks and rejected reports. With an onboarding process of less than 24 hours. It can be integrated as a value-added service to an established solution, or launched as a new control framework specifically targeted at reference data for SFTR obligations.

“In response to the adverse developments resulting from the Coronavirus outbreak, ESMA made the bold decision to postpone the original deadline for the SFTR reporting obligations. Despite having an additional three-month window to prepare, we have found that many firms need extra help to get them across the finish line,” notes Linda Coffman, EVP at SmartStream RDU. “We understand the pressures of meeting regulatory obligations, and we are providing easily accessible technology which focusses on key SFTR reference data attributes.”

The reference data used by the SFTR service is acquired by the SmartStream RDU from a broad range of industry sources, before being normalised, enriched and mapped, on a single platform, into the format required by the regulator.

 

Leave a comment

Your email address will not be published. Required fields are marked *

*

Related content

WEBINAR

Recorded Webinar: Approaches to driving successful digital transformation with data management in financial services

Date: 27 February 2020 Time: 10:00am ET / 3:00pm London / 4:00pm CET Digital transformation is the key to unlock a wide range of benefits including evidence-based decisions, improved customer service, lower processing costs, greater efficiency and reduced operational risk. The data quality and governance required to underpin digital transformation initiatives is in itself a...

BLOG

FactSet Adds Proprietary Data to Snowflake Cloud Built SQL Data Warehouse

FactSet’s deployment of its proprietary datasets on the Snowflake cloud data platform is designed to provide investment professionals with immediate and scalable access to content in a cloud-built SQL data warehouse. By offering its data through Snowflake, FactSet expects to reduce the time and effort it takes for clients to integrate and use new datasets....

EVENT

RegTech Summit Virtual

We’re thrilled to introduce you to our new RegTech Summit Virtual event. Yes that’s right, all the fantastic content shared by A-Team’s unique community of practitioner experts that you’ve come to know and love from our RegTech Summit live events in London is now going to be made available to you online, so you can watch or listen at your leisure – whether that’s in your office, on your commute, or from the comfort of your own home.

GUIDE

Entity Data Management Handbook – Sixth Edition

High-profile and punitive penalties handed out to large financial institutions for non-compliance with Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations have catapulted entity data management up the business agenda. So, too, have industry and government reports on the staggering sums of money laundered on a global basis. Less apparent, but equally important, are...