Clients

Driving decision-making for some of the

world’s leading financial institutions.

For nearly a decade, leading global financial institutions have relied on us to transform their regulatory compliance and real-time controls.

Point of Trade – Persona 1 – Head of Trading

Problem

With fragmented and siloed compliance controls, one large global capital markets team was confronted with an inefficient compliance function plagued by disparities from system to system, and asset class to asset class. The group had nearly two-dozen systems, each with their own hard-coded logic and differing levels of capability, all validating similar decisions. Ultimately, this increased compliance risk overall, increased costs maintaining the various systems, and added a greater risk of incorrect actions. Their previous systems caused the team to consistently make mistakes at the point of trade. The team had to repeatedly rectify errors after the fact with their clients, damaging the client relationship in the process.

Solution

With Point of Trade, this capital markets team centralized key compliance functions into one core platform, eliminating the inefficiencies and risk gaps created by a fragmented and siloed multi-system approach. In streamlining compliance controls, Point of Trade centralized all logic into one engine that offers complete traceability and auditability. Using Point of Trade ensured a more accurate system which eliminates the margin for error created by the duplication of efforts under the previous structure. Point of Trade shortened the decision-making process significantly, ultimately allowing for more trades to be executed accurately, with more confidence. Regulatory interpretations used are driven by industry consensus, meaning the team can rest assured that decisions are made in line with peers.

Key Benefit

By simplifying and accelerating the decision making process, Point of Trade enables traders to execute more trades in less time, ultimately with more accuracy.

Point of Trade – Persona 2 – Head of Supervision

Problem

At one global financial institution, traders were operating across multiple systems for compliance checks, many of which were manual, which introduced inconsistent compliance decisions due to human error. Without strong confidence in the next right action, this capital markets team had multiple conversations each day inquiring what is compliant. Too many decisions were being passed to desk supervision, who ideally would serve as a stop-gap, not the primary decision maker.

Solution

Point of Trade gave the traders at this financial institution the tools they needed to have confidence that their decisions are compliant. The platform implements more robust controls, and enables for a greater volume of data and information to be processed in one single location. This means ultimately that those making the risk decisions are operating confidently on a more complete and reliable set of information – eliminating the need to double-check each and every decision with desk supervision, and helping to keep more decisions with the accountable individual. When they do need to review decisions, they now have better tooling in place.

Traders use the technology to confirm decisions are correct and compliant through clear and concise feedback at the point of trade. They can also trace logic steps through to the underlying regulation or source text governing the decision.

Key Benefit

Ensures that a greater percentage of risk decisions are being made by the accountable party.

Transaction Reporting

Problem

One firm found that sourcing and using data effectively posed a problem when developing a repeatable process for transaction reporting. It strugged to ensure three key components: completeness, accuracy, and timeliness. Ineffective chains of information internally, driven by disparate reporting processes, lead to inaccurate and incomplete information on what needs to be reported, when, and how. Different format requirements from different regulatory bodies, different requirements for different products, and siloed manual processes at various stages lead to breakdowns in all three key components.

Solution

Transaction Reporting addresses all three key components of the process, completeness, accuracy, and timeliness, by simplifying and centralizing data and points of logic. By compiling a complete repository of up-to-date consensus driven interpretations of any and all given regulations and requirements, Transaction Reporting eliminates the question of what needs to be reported, where, and how.

Key Benefit

Transaction Reporting significantly reduces regulatory complexity, and eliminates manual processes that can drive inefficiency and errors – with complete traceability and auditability.