MAP FinTech, a regulatory reporting technology provider, announced on Tuesday the extension of its strategic collaboration with post-trade market infrastructure provider Depository Trust & Clearing Corporation (DTCC) and integrated DTCC Global Trade Repository (GTR).
The press release shared with Finance Magnates explained that this will allow MAP FinTech to act as a service data aggregator in Australia for DTCC's GTR, thus helping clients in the jurisdiction to meet reporting Obligations set by the Australian Securities & Investments Commission (ASIC).
MAP Fintech offers a range of regulatory reporting services including MiFIR reporting, EMIR and SFTR reporting, ASIC reporting, best Execution monitoring, and reporting, CRS/FATCA reporting, eKYC, AML transaction monitoring, and market surveillance amongst others.
The recent integration of DTCC’s GTR has further expanded the technology provider’s offerings in the industry.
Earlier, MAP FinTech also extended its partnership with UnaVista for offering EMIR trade repository (TR) services.
“We are committed to offering state-of-the-art scalable solutions that simplify the way our globally active financial services clients meet their regulatory requirements without encumbering operational flexibility,” MAP FinTech’s business development manager, Mark Ellis, said.
“By extending our collaboration with DTCC, we ensure that our clients operating in Australia will continue to enjoy a best-in-class and cost-efficient ASIC solution, delivered via a single platform along with the rest of MAP FinTech’s offerings.”
RegTech Demand Is Growing
DTCC operates trade repositories across the globe. For its Australian derivatives market trade reporting services, the platform is licensed as an Australian derivative trade repository (ADTR) by ASIC.
“We are pleased to be collaborating with MAP FinTech to streamline client’s adoption and use of our GTR service in Australia and to facilitate ASIC trade reporting. As the licensed Australian derivative trade repository (ADTR) under ASIC, we look forward to continuing to serve this important market and our mutual clients,” Oliver Williams, DTCC’s executive director and Asian region head for GTR business, said.
