Deutsche Brse and Illuminate Financial invest in RegTek.Solutions
September 6, 2017

Deutsche Brse and Illuminate Financial Management LLP have co-led in a US$5 million Series A funding round in RegTek.Solutions Inc, a multi-jurisdiction regulatory reporting solutions provider.

Based in New York, RegTek.Solutions was launched earlier this year as a specialist provider of global regulatory compliance software by Risk Focus Inc, a risk and regulatory services firm.

Deutsche Brse says RegTek.Solutions provides trade reporting solutions and compliance software (Report-It) enabling firms to improve the quality, transparency and control of regulatory reporting obligations across multiple jurisdictions and asset classes, including over-the-counter swaps, credit, rates and equity, as well as foreign exchange and commodities trading. The firm counts ten of the G15 banks among its client base.

For Deutsche Brse this investment will be managed by DB1 Ventures, its corporate venture capital arm of the market infrastructure provider. Holger Wohlenberg, Managing Director and Head of Market Data and Services at Deutsche Brse, and Mark Beeston, Managing Partner from Illuminate Financial, will become Non-Executive Board Members of RegTek.Solutions.

Brian Lynch, CEO, RegTek.Solutions, commented: "Receiving strong financial backing from global exchange Deutsche Brse and Illuminate Financial serves as a real validation of our offering and prospects for future growth. As the next bottleneck of regulatory deadlines nears and both sell-side and buy-side firms grapple with adhering to the new rules, we are seeing strong demand across the market for outsourced trade reporting tools that provide assurance and transparency around data quality, completeness and accuracy."





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Deutsche Brse and Illuminate Financial Management LLP have co-led in a US$5 million Series A funding round in RegTek.Solutions Inc, a multi-jurisdiction regulatory reporting solutions provider.

Based in New York, RegTek.Solutions was launched earlier this year as a specialist provider of global regulatory compliance software by Risk Focus Inc, a risk and regulatory services firm.

Deutsche Brse says RegTek.Solutions provides trade reporting solutions and compliance software (Report-It) enabling firms to improve the quality, transparency and control of regulatory reporting obligations across multiple jurisdictions and asset classes, including over-the-counter swaps, credit, rates and equity, as well as foreign exchange and commodities trading. The firm counts ten of the G15 banks among its client base.

For Deutsche Brse this investment will be managed by DB1 Ventures, its corporate venture capital arm of the market infrastructure provider. Holger Wohlenberg, Managing Director and Head of Market Data and Services at Deutsche Brse, and Mark Beeston, Managing Partner from Illuminate Financial, will become Non-Executive Board Members of RegTek.Solutions.

Brian Lynch, CEO, RegTek.Solutions, commented: "Receiving strong financial backing from global exchange Deutsche Brse and Illuminate Financial serves as a real validation of our offering and prospects for future growth. As the next bottleneck of regulatory deadlines nears and both sell-side and buy-side firms grapple with adhering to the new rules, we are seeing strong demand across the market for outsourced trade reporting tools that provide assurance and transparency around data quality, completeness and accuracy."



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