London, 3 February 2021 - SteelEye, the compliance technology and data analytics firm, has been recognised as the Best Regulatory Reporting Product in the Risk Markets Technology Awards 2021.
The award reflects SteelEye’s data-centric approach to compliance, which ensures automated, optimised, and accurate EMIR and MiFIR reporting for clients.
“Over the past 12 months, we have invested in a wealth of automation across regulatory reporting workflows, meaning that our clients’ transaction reporting processes can be completely seamless from beginning to end,” said Matt Smith, CEO of SteelEye.
He added, “We are delighted that our EMIR and MiFID II reporting module has been recognised by Risk in this hotly contested category.”
SteelEye acquired many new clients for its regulatory reporting service in 2020, including world-class investment manager Schroders.
The firm also made several service enhancements, including the integration into UnaVista’s European Trade Repository to offer a best-in-class reporting service for firms migrating from CME Group’s NEX Abide. Further, in response to Brexit, SteelEye made several adjustments to capture the incoming changes. As a result, SteelEye can assess the instrument and jurisdiction eligibility of each client transaction and submit reports according to the correct destination (to either a UK or EU Approved Reporting Mechanism).
The judges of the award said:
"SteelEye has a solid feature-rich regulatory reporting offering and a well-managed systematic client engagement culture."
“SteelEye has picked up business from those exiting the market through the quality of its product.”
“The company provides advanced functionality and has an impressive client base and business growth.”
Learn more in Risk's write up about the recognition here.
Automated and Optimised Transaction Reporting for Financial Services
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.
5 ways to comply smarter
SteelEye’s e-book explores five guidelines that will help firms improve how they manage existing and future regulatory requirements.