RegTek.Solutions Inc., a New York-based multi-jurisdiction regulatory reporting solutions provider, raised US$5m in Series A funding.
The round was co led by Deutsche Börse (via DB1 Ventures) and Illuminate Financial Management LLP. Holger Wohlenberg, Managing Director and Head of Market Data and Services at Deutsche Börse, and Mark Beeston, Managing Partner from Illuminate Financial, will become non-executive board members of RegTek.Solutions.
The strategic investment in exchange for a minority stake will be used to scale RegTek.Solutions’ operations as market participants seek to comply with incoming multi-jurisdictional reporting requirements such as MiFID II / MIFIR in Europe, Dodd Frank with the impending SEC implementation and potential new CFTC rules in North America, as well as ongoing change in Hong Kong, Singapore and other global jurisdictions.
Launched earlier this year and led by Brian Lynch, CEO, RegTek.Solutions provides innovative trade reporting solutions and cost-effective compliance software enabling firms to improve the quality, transparency and control of regulatory reporting obligations across multiple jurisdictions and asset classes, including OTC Swaps, Credit, Rates and Equity, as well as FX and Commodities trading.
The firm counts ten of the G15 banks among its client base.
FinSMEs
06/09/2017