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5 things we learned about regulatory reporting from DTCC’s Val Wotton
Val delves into the data challenges of regulation and why data standardisation keeps coming up...
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INDUSTRY UTILITIES
THE BFSI INDUSTRIES. POWERED BY XCEPTOR
We are Banking, Financial Services and Insurance specialists. Our deep domain focus has enabled us to cut to the core of industry challenges and deliver innovative solutions alongside esteemed partners, such as the DTCC and AcadiaSoft. Xceptor is a single common platform, meaning that the technical investment needed to underpin industry-wide utilities is also realised by our customers in their day to day use of Xceptor.
DTCC REGULATORY REPORTING
Industry-wide data transformation. Powered by Xceptor
“ Our partnership with Xceptor will enable firms to significantly streamline their operational processes and help simplify the compliance process. ”
Val Wotton, Managing Director, Derivatives & Collateral Management, DTCC.
It’s all about the data. Regulatory scrutiny is intensifying and shows no signs of letting up. From MiFID to SFTR, firms are being asked to report on more data fields than ever before.
To help lessen firms’ operational burden, Xceptor is partnered with the DTCC to underpin the global DTCC Reporting Hub. Within DTCC’s Global Trade Repository (GTR), clients are able to leverage Xceptor’s data transformation capabilities to enrich, normalise and validate data before submitting it to the trade repository. Xceptor accepts data in any format and from any source, significantly simplifying the compliance process for all DTCC GTR clients.
Xceptor is an industry-wide solution. DTCC’s GTR processes more than one billion messages per month, covering over 40 million open transactions. Xceptor is relied upon to function at this scale and through our common platform model, all Xceptor clients have access to this scalability.
“ Xceptor’s world-class automation capabilities enable clients to quickly and efficiently onboard Hub services and automate counterparty relationships. ”
Chris Walsh, Chief Executive Officer, AcadiaSoft
Relay leverages Xceptor to automatically process email-based margin calls through AcadiaSoft’s world leading electronic margin processing tool, MarginSphere.
Through Xceptor’s industry-leading data capture functionality, Relay enables existing MarginSphere clients to achieve substantial cost savings by completely eliminating the need for manual emails in the margin process. Unstructured email data is transformed, enabling the automation of margin communications and, as a result, improving the timeliness, accuracy and control of collateral transactions.
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