SteelEye recognised as Best RegTech Solution, wins 8th award in 2021

London, 16 July 2021: SteelEye, the compliance technology and data analytics firm, has been recognised as the Best RegTech Solution in the HFM European Technology Awards for the second year running.

The award celebrates regulatory technology (RegTech) solutions that have simplified compliance for their clients within the past year.

Over the last twelve months, Hedge Funds have faced unprecedented pressure to respond with agility to the changing operational circumstances created by the Covid-19 pandemic.

One of the major challenges firms faced is managing risk and compliance in a remote environment. For many firms, the high market volatility and increased use of eCommunications channels resulted in market abuse alert volumes increasing by four to sixfold. At the same time, firms were forced to figure out how to monitor regulated employees outside of the office to ensure their processes remained compliant.

SteelEye’s technology has guided firms through these challenging circumstances. By introducing context reading logic into its surveillance algorithms, SteelEye enabled firms to reduce false positive results, whilst the data-driven platform allowed clients to quickly ingest and monitor new communications channels for employees working remotely.

Matt Smith, CEO of SteelEye, says: “The past twelve months have presented Hedge Funds with a wealth of unprecedented operational and compliance challenges. Being recognised as the Best RegTech Solution in the HFM European Technology Awards for the second-year running is testament to the hard work, agility, and dedication of the SteelEye team in helping clients respond to those challenges. This is further evidence that SteelEye’s technology is there to support firms when they need it most.”

Other 2021 awards and recognitions:


About SteelEye:

SteelEye’s RegTech suite simplifies trade and communications oversight and regulatory reporting through a unique, fully integrated, and cloud-based platform. By connecting large volumes of data from multiple sources, SteelEye enables firms to meet regulatory obligations more quickly, efficiently, and accurately than any other solution.

 

SteelEye - Best RegTech Solution

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