MAP Fintech Taps UnaVista for EMIR Reporting

Regulatory reporting provider MAP Fintech announced on Monday the expansion of its strategic partnership with UnaVista for offering EMIR trade repository (TR) services.

Currently, MAP Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term is already using UnaVista’s services for the approved reporting mechanism (ARM) for MiFIR. The press release shared with Finance Magnates detailed that MAP FinTech will additionally integrate UnaVista’s trade repository solution for EMIR reporting.

Operating as MAP FinTech (UK) Limited and MAP Financial Technologies (Europe) Limited, MAP Fintech offers a range of regulatory reporting services including MiFIR reporting, ASIC reporting, best Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term monitoring and reporting, CRS/FATCA reporting, eKYC, AML transaction monitoring, and market surveillance amongst others.

According to the company, more than 170 global B2B clients are using MAP’s services for regulatory reporting.

“By extending our collaboration with UnaVista and their EMIR Trade Repository (TR) service, we ensure that our clients will continue enjoying a best-in-class and cost-efficient EMIR solution, delivered via a single platform along with the rest of MAP FinTech’s offerings,” a MAP Fintech representative said.

The Exit of Giants from a Crucial Market

This integration came as CME and Abide took an exit from the trade repository market.

“We are delighted to see the expansion of our collaboration with MAP FinTech to support market participants in migrating their regulatory reporting from CME’s Nex and Abide services to UnaVista. Together with MAP FinTech, we offer a fast and efficient response to this demand,” Michael Leach, managing director of global business development at UnaVista, added.