London, 4 October 2019: SteelEye is pleased to have been selected for the 2019 Simmons & Simmons FinTech Fund, as announced at last nights launch event.
Simmons & Simmons first introduced their FinTech Fund in May 2016 to support start-up FinTech businesses through the various legal challenges they can face in their early stages.
This year, the FinTech team at Simmons & Simmons chose four businesses that have the ability to take advantage of market developments and uncertainties to make a significant impact on the financial service industry.
The FinTech Fund was first launched in May 2016. It was the first programme of its kind to support start-up FinTech businesses through various legal challenges they can face in their early stages. Simmons & Simmons have now set aside another £100k to help FinTech businesses through the provision of free legal advice, taking the firm’s total investment in the sector to over £400k.
The FinTech team at Simmons & Simmons chose four exciting businesses that have the ability to take advantage of these developments and market uncertainties to make a significant impact on the financial service industry. The four successful winners of the 2019 FinTech Fund are:
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.