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Intermoney and Cappitech partner to offer regulatory reporting services in Spain

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The Partnership will make it easier for Spanish and Portuguese financial institutions to comply with their regulatory obligations

— INTERMONEY CONSULTORÍA, a subsidiary of the CIMD Group, the leading independent brokerage, consulting, asset management, securitization and energy group in southern Europe, and CAPPITECH, a leading provider of intelligence and regulatory reporting solutions, are collaborating to provide regulatory compliance solutions to Intermoney’s customers.

The companies will join forces to offer a global regulatory reporting service that will make it easier for Spanish and Portuguese financial institutions to comply with their regulatory obligations including MIFID II, EMIR, Best Execution, RTS 27 & 28, as well as SFTR which comes into force in April 2020.

The partnership will allow Intermoney clients to benefit from a combination of Cappitech’s extensive IT expertise for effective regulatory solutions and Intermoney’s 35 years experience in financial markets, risk consulting and the provision of technology solutions. Customers have the option to acquire the reporting software directly or to outsource reporting services to Intermoney, using Cappitech’s technology.

With SFTR the latest regulation due to come into effect, and the significant efforts required by impacted firms, Intermoney and Cappitech will host a conference in Madrid on the implications of SFTR on September 18 for local clients.

Commenting on the partnership, Joaquín Vázquez, Managing Director of Intermoney said: "In an environment in which regulatory reporting is increasingly consuming entities’ scarce resources, this alliance allows us to offer a best-in-class service at a lower cost of ownership for our customers.”

Ronen Kertis, CEO and Founder of Cappitech comments, "Working with Intermoney, who have extensive experience and long-standing client relationships, allows us to bring our award winning technology to the Spanish market. As with other markets, local financial services firms require integrated solutions that work across regulations and can easily assimilate new ones such as the soon-to-be-implemented SFTR, without adding complexity or excessive cost.”

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About The CIMD Group

CIMD is a leading independent group in the financial and energy markets since its foundation in 1984. The Cimd Group has 10 companies, more than 340 employees and offices in Madrid, Lisbon and Dubai. CIMD’s diversity provides our professionals with a holistic vision of products and markets, enhancing their capability to offer improved and complete services both to our institutional and retail clients. At the CIMD Group, we currently work with almost one thousand institutional clients, banks, insurance companies and energy firms, among others. For more information, please visit www.grupocimd.com.

About Cappitech
Cappitech is a leading provider of regulatory reporting and intelligence solutions for the financial services industry. CapptivateTM, Cappitech’s cross-jurisdiction compliance platform, fully automates the reporting process and provides a comprehensive view on a single, intuitive dashboard. Offering next-generation analytics, Cappitech is revolutionising the way financial services firms meet their compliance obligations. Led by a team of experts with a 20+ year track record in building financial technology products, Cappitech is relied on by global banks, brokers, asset managers and corporates. Established in 2015, the company is recognised as one of the most innovative RegTech companies by FinTech Global. For more information, please visit www.cappitech.com.

Contact:

Araceli Kreisler
Director of Marketing, CIMD Group
akreisler@grupocimd.com
www.grupocimd.com

Trudy Namer
Director of Marketing, Cappitech
trudy.namer@cappitech.com

Michelle Gathercole
MLG Communications
michelle@mlgcommunications.co.uk

Contact Info:
Name: Trudy Namer
Email: Send Email
Organization: Cappitech
Website: http://www.cappitech.com

Source URL: https://marketersmedia.com/intermoney-and-cappitech-partner-to-offer-regulatory-reporting-services-in-spain/88917615

Source: MarketersMedia

Release ID: 88917615

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