Regtech Firm b.fine Taps Point Nine for Enhancing Reporting Capabilities

Regulatory technology (regtech) firm, b.fine announced on Tuesday its partnership with Point Nine for extending its trade and transaction reporting capabilities.

“Our aim is to provide a peace-of-mind trade and transaction reporting service to all market participants in the capital markets,” said CEO of Point Nine, Andreas Roussos.

“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.”

Fueling Demand for Regtech’s Services

Based in Belgium, b.fine has developed its regtech ecosystem on its b.rx platform. The reporting platform claims to make regulatory reporting less complex, more efficient and more cost-effective. The company offers a cloud Cloud The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc Read this Term-based reporting-as-a-service solution, bringing automation Automation Automation is defined as the procedure of making an apparatus, a process, or a system to operate by mechanical or electronic devices that replace human labor. Additionally, automation is also sometimes referred to as mechanization or robotization. For example, employees have many costly needs, including government regulations. However, robotic workers don’t need much other than some routine maintenance and the occasional bug fix for an equipment malfunction or software bug. There is no overtime Automation is defined as the procedure of making an apparatus, a process, or a system to operate by mechanical or electronic devices that replace human labor. Additionally, automation is also sometimes referred to as mechanization or robotization. For example, employees have many costly needs, including government regulations. However, robotic workers don’t need much other than some routine maintenance and the occasional bug fix for an equipment malfunction or software bug. There is no overtime Read this Term and control of the reporting process to financial institutions.

It now includes Point Nine’s trade and transaction reporting solution into the b.rx Marketplace to extend reporting coverage.
Klaas Van Imschoot, the CEO of b.fine, said: “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.”

The need for regtech solutions has exploded around the world in recent years with the heightened need for regulatory reporting. A recent report by IHS Markit revealed that financial institutions are now preferring vendor-based regtech solutions rather than developing an in-house reporting infrastructure.

Further, the demand for regtech services has accelerated acquisitions in the industry. Last year, IHS Markit (now a part of S&P Global) acquired Capitech for an undisclosed sum, while Fenergo acquired Sentinels.