In response to increasing levels of complexity of regulation, rules, and data analytics, Qomply’s cloud-based tools offer straight-forward interfaces and streamlined APIs enable market participants to improve efficiency and compliance.
Covering key transaction reporting regulations, Qomply empowers firms to meet their regulatory obligations without paying over the odds for a solution that isn’t suited to their requirements.
Qomply specialises in providing collaborative, cloud-based solutions addressing financial regulations for transaction reporting.
The technology empowers firms to meet their regulatory obligations without paying over the odds for a solution that isn’t suited to their requirements
The system is crafted to respond to increasing levels of complexity of regulation, rules, and data analytics. Qomply’s straight-forward interfaces and streamlined APIs enable market participants to either use as a stand-alone product or integrate within their existing technical infrastructure.
With digital transformation at the forefront of corporate priorities, market participants require access to ubiquitous solutions to meet regulatory obligations that are compatible with their size and budget.
Getting Transaction Reporting right is an on-going task. Regulations change and interpretations change over time. It is the responsibility of firms to check their reporting. As FCA Market Watch 65 explicitly reminds firms “they should not assume a transaction report was accurate because it was accepted by the FCA. ” The FCA validation rules are not intended to identify all potential errors and omissions.
It was noted that “some firms continue to use transaction report acceptance rate as a standard for assessing the completeness and accuracy of their transaction reports.” This is not enough.
Qomply’s Diagnostic Tools analyses not only your input files but also regulator’s MDP output files – thereby complying with multiple aspects of this key area.