With SteelEye, the new Securities Dealer will automate their regulatory processes whilst using market leading solutions for risk mitigation.
London, 9 July 2020: SteelEye, the compliance technology and data analytics firm, has been selected by Ardent Financial, a new FCA authorised Securities Dealer, to provide MiFID II and MAR compliance services.
Launched on 8th June, Ardent Financial wanted to use modern best-of-breed tools for compliance from day one. Automation was a top priority, but they also wanted a unified platform which would increase efficiency and allow them to manage, oversee, mitigate, and prevent regulatory risk for a wide range of regulations and obligations.
“We took the decision early on to automate as much of our compliance set up as possible,” said Aidan Brady, Chief Operating Officer, Ardent Financial. “SteelEye enables us to do this, reducing the complexity of what can otherwise be an arduous and painful process. SteelEye is also one of the most cost-effective solutions we came across and very few other vendors offer the same breadth of regulatory compliance solutions.”
After surveying the market and following a recommendation from an existing SteelEye client, Ardent Financial selected SteelEye’s services for market abuse monitoring, transaction reporting, record keeping and more.
“The amount of information collected, stored and used by financial firms has exploded over the past decades. Different data sets spread across multiple platforms and systems makes financial compliance both complex and time consuming,” said Matt Smith, CEO of SteelEye. “By having a data-centric approach to regulatory conformance and offering a suite of integrated compliance modules, we enable firms like Ardent Financial to facilitate effortless compliance whilst automating large parts of their processes.”
SteelEye is a RegTech and data analytics firm that was established to reduce the complexity and cost of financial compliance and enable firms globally to manage their regulatory obligations through a single platform.
SteelEye’s ability to bring together, cleanse, index and analyse structured and unstructured data across all asset classes and communication types enables clients to effortlessly meet their regulatory needs, because when all this data is in one place, compliance becomes both easy and cost-effective. And with everything under one lens, firms also gain fresh insight into their business, helping them improve their efficiency and profitability.
To date, SteelEye has launched solutions for record keeping, trade reconstruction, transaction reporting, trade and communications surveillance, best execution reporting, transaction cost analysis and advanced analytics for regulations including MiFID II, EMIR, Dodd-Frank, SMCR and MAR. For more information, visit: www.steel-eye.com.
About Ardent Financial:
London-based Ardent Financial Limited (“Ardent”) is a global securities dealer that trades bonds and reorganised equities in credit markets across Europe, the U.S. and select Emerging Markets, including Latin America.
Ardent is capitalised with institutional-quality permanent equity capital, allowing it to provide firm markets and liquidity with its own proprietary balance sheet. Ardent has a highly experienced board of directors and senior management team with significant and relevant expertise in global credit markets. For more information, visit: www.ardentfinancial.co.uk.