Legacy replacement
LEGACY REPLACEMENT
Outdated legacy systems and reliance on user developed applications or in-house tools results in a lack of control across the business. Designed for fixed data models with limited attributes, these systems fail to efficiently connect, reconcile, or control today’s complex data flows – leading to manual workarounds and slow onboarding of new controls.
We help capital markets firms gain complete trust in their data and operational frameworks. Providing a single, go-to source for automating all the process and data validation, reconciliation, revenue management, and regulatory reporting your business needs, we replace inflexible, outdated legacy technology with modern, purpose-built, cloud-native solutions with the flexibility to create multi-way controls, ingest data of any format, shape or size, and scale with your business as required.
Post-trade automation
post-trade automation
Capital markets firms cannot afford errors or delays in their post-trade processing flows or reporting. If not managed effectively, key middle and back-office processes will fail to keep up while growing post-trade requirements in intraday, intercompany and T+0 trading environments lead to operational and compliance risk, and significant losses.
We transform post-trade and STP workflow challenges into true holistic, enterprise-wide control and data confidence. From migrating, validating and reconciling data, to improving enterprise reconciliation processes, managing cash and collateral, or streamlining regulatory reporting, our end-to-end post-trade automation and controls bring greater order, control and value to your entire trade lifecycle.
G20 regulatory compliance
G20 regulatory compliance
The G20 regulatory reforms to the OTC derivatives market have created additional work for capital markets firms. Differing requirements across multiple jurisdictions, reporting to trade repositories, and greater regulatory scrutiny all put firms under more pressure, as well as increasing complexity and costs in an already challenging business.
We simplify the process of complying with G20 regulatory requirements by making it quick and easy for your firm to connect to a multitude of trade repositories through one solution, enabling you to build the necessary controls, and guaranteeing the integrity of your data. This ensures that our customers are able to meet challenging regulatory deadlines with confidence, avoiding spiralling costs and multiple point solutions.
Regulatory reporting
regulatory reporting
Increasing complexity and volume of financial regulations place relentless pressure on the operations of capital markets firms. Not only are these regulations complex to implement, regulators are increasingly focused on the quality of the data being reported. And whilst the costs associated with regulatory reporting continue to rise, many firms are coming under pressure to ‘do more with less’ so that budgets can be diverted to value-generating activity rather than the ‘sunk costs’ of regulatory reporting.
From one end-to-end solution, we make it easier for firms to comply with complex regulatory requirements quickly and efficiently across multiple jurisdictions. Our Connect and Control solutions simplify existing reporting requirements for MiFID II, MiFIR RTS Article 15, Dodd Frank, FINRA TRACE, EMIR REFIT, MAS OTC Derivatives Reporting, and others, as well as enabling you to meet emerging reporting obligations such as SFTR and Consolidated Audit Trail (CAT).
Cash/collateral reporting
cash/collateral reporting
Reconciling your cash and collateral for regulators and auditors is a key requirement. The fragile, costly and complex legacy solutions that the capital markets industry has relied on for years are making reporting much harder than it has to be.
We make cash and collateral reporting efficient, effective and simple. Our out-of-the-box, self-sufficient solution for cash/nostro/bank account reconciliation is fast to implement and easy to operate. It provides pre-defined rules and behaviours to give you immediate control of your cash across all accounts and in all geographies, and offers high match rates, data confidence and total visibility, while reducing your total cost of ownership.
Consolidated Audit Trail (CAT)
CONSOLIDATED AUDIT TRAIL (CAT)
Consolidated Audit Trail (CAT) reporting requires capital markets firms to report large volumes of transactions and manage exceptions and errors to aggressive deadlines. The sheer number of transactions in scope means that even relatively low error rates are problematic, consuming time and resources as your team attempt to contact counterparties to resolve the issue.
We deliver efficient, cost-effective CAT reporting and compliance with some of the lowest error rates in the industry. A certified CAT reporting agent (CRA), we provide an end-to-end connectivity and reporting solution guaranteeing timely, accurate reporting. Rapid insights into unmatched data and patterns and real-time reviews of reports and error counts allow you to adapt rules to improve reporting quality over time. This enables firms, especially those unused to reporting at the scale or pace that CAT demands, to drive down the costs associated with implementation whilst still enjoying total confidence that they are fully compliant.
Intersystems reconciliation
INTERSYSTEMS RECONCILIATION
Many legacy reconciliation systems struggle under the strain of verifying ever-increasing volumes of complex, high-velocity data in real-time, particularly when dealing with the kind of complex controls required in the capital markets environment. Even when errors are discovered, complex exceptions and manual processing heighten the risk of failures and major loss events. Speed, accuracy and transparency are a must in today’s reconciliation and post-trade operations.
We help capital markets firms solve complex intersystem reconciliation challenges at scale by improving efficiency and accuracy across reconciliation and exception management while driving greater transparency across the entire post-trade process. Our end-to-end solution delivers the automation, intelligent matching, and accelerated onboarding firms need to reduce risk and increase efficiency.
Message transformation
message transformation
The right data, in the right format, exactly where you need it – critical for your business, but often harder to achieve than it should be. Multiple messaging standards and proprietary formats at partner institutions leave capital markets firms struggling to transform data from different formats and sources as well as keep on top of constant changes and updates. ISO 20022, the emerging global standard, will make this more challenging – and more important.
We offer a fully managed solution to acquire, format and produce data standards based messages including FIX, FPML and ISO 20022 and many others. Whether you are looking for fast, efficient translation solutions, or to optimise your processes and leverage the rich additional data that comes with ISO 20022, we can help with both off-the-shelf and customised options, providing full revision and maintenance of standards as well, to make compliance simple and painless
Agile regulatory reporting: Why it's here to stay
Philip Flood, Business Development Director, Regulatory and STP Services at Gresham, emphasized the significance of agile regulatory reporting during a panel discussion hosted by A-Team Insight. We explore why agility is crutial for regulatory reporting operations.
It's time for banks to get their heads in the Cloud
Banks and financial institutions have been hesitant to adopt public cloud technology due to a fear of losing control. Neil Vernon, CTO at Gresham Technologies, analyses the psychological barriers facing financial services executives and how to overcome them.