Point Nine is the latest partner to join b.fine’s RegTech ecosystem built around its b.rx platform.
In a statement, the companies claim financial institutions are exposed to a “regulatory tsunami” with ever increasing reporting and complexity data requirements. Additionally, the volume of data is always increasing, impacting their regulatory reporting process.
The b.rx is a reporting platform that aims to make regulatory reporting less complex, more efficient and more cost-effective. It also offers a high level of automation and digitalisation of the reporting process so teams are not overwhelmed, and firms can take greater control and oversight of reporting processes.
By including Point Nine’s solution for trade and transaction reporting into the b.rx Marketplace, it extends the reporting coverage.
The two companies will support organisations to improve the quality and accuracy of their regulatory reporting for all regimes.
Speaking on the partnership, Point Nine CEO Andreas Roussos said, “Our aim is to provide a peace-of-mind trade and transaction reporting service to all market participants in the capital markets.
“Our partnership with b.fine will combine our proficiency, in this way, will enable existing and potential clients to benefit from our leading products and services as well as their regulatory expertise.”
b.fine CEO Klaas Van Imschoot added, “Our idea of the b.rx Marketplace is to create an extensive RegTech ecosystem from which the reporting platform can be composed according to your needs. Partnering with Point Nine and making their platform available on the b.rx Marketplace allows us to go beyond regulatory reporting and provide financial institutions an answer to the trade and transaction reporting challenges.”
Point Nine recently teamed up with Kaizen Reporting to help enhance the quality and accuracy of regulatory reporting. As part of the deal, clients will have access to a streamlined end-to-end experience, from pre- to post submission, and greater visibility into the quality of their regulatory reporting.
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