The combination of skills and technological solutions between Italian and Israeli companies strengthens the presence of the two companies in the European market of RegTech solutions.
Milano (Italy) Herzliya (Israel) 01 june 2018 – Cappitech Regulation, a leading provider of regulation technology for the financial services industry and financial services vendor, ATS S.p.A, today announced a strategic partnership to further their reach in the RegTech industry in Europe and to provide greater regulatory coverage for their customers.
In recent years, new financial regulations such as MiFID II have made a strong impact on financial institutions’ budget and IT activities. ATS SpA and Cappitech Regulation have always been deeply involved in regulation (MiFID II, EMIR, ASIC, Best Execution and other compliance obligations) and now, thanks to this partnership, they offer a wider range of solutions; enhancing the coverage of their client’s regulatory needs while transforming their obligation into an opportunity.
The partnership is based on combining the strengths of both firms. ATS SpA designs and develops solutions for brokers, banks, asset managers and corporates based on their EXP™ platform. The EXP™ platform is a modular solution with integrated functionalities for Smart Order Routing, Order Management, Trading, Risk Management and Electronic Matching and is complemented by the EXP|Keep&Report compliance tool.
By partnering with Cappitech, ATS SpA clients now benefit from an integrated solution that connects with Cappitech’s Capptivate multi-regulation platform. Through this integration, EXP™ platform can easily create MiFID II and EMIR reports for ATS SpA users. The reports are then submitted automatically to an ESMA Approved Reporting Mechanisms (ARM) or Trade Repositories (TR) to fully automate the reporting process.
“I’m very happy to have Cappitech as our partner,” said Piero Firpo, Chief Executive Officer at ATS S.p.A. “Through mutual project with mutual clients Cappitech demonstrated that they are a strong RegTech company and thanks to Capptivate, their single platform for multiple reporting jurisdictions, we can now offer our Italian customers a single, cost-effective hub to fulfil all their compliance needs.”
Ronen Kertis, CEO Cappitech said, “We are very excited that through this alliance we will be able to provide the Italian market with easy and integrated access to our platform. Using Cappitech, Italian customers can now move away from focusing on regulatory operations and concentrate on regulatory oversight, gaining tangible business value and savings.”
About ATS SpA
ATS SpA designs and develops solutions for financial institutions (brokers, banks, asset managers and corporates). They operate the modular EXP™ platform which is a solution with integrated functionalities for Smart Order Routing, Order Management, Trading, Risk Management and Electronic Matching and is complemented by the EXP|Keep&Report compliance tool. ATS SpA’s specilaities include Financial Services, Trading Technology, Risk Management, Compliance, Market Surveillance and Market Data Management
About Cappitech Regulation
Cappitech is a leading provider of regulation technology for the financial services industry. Through Capptivate, Cappitech’s regulatory service platform, customers can easily automate regulatory reporting and analyze daily trades to comply with international financial regulations. This cross-regulation platform uses state-of-the-art technology to provide a unified experience for all regulatory reporting along with an industry leading analytics dashboard to process and audit review compliance reports. Trusted by over 60 financial institutions, Cappitech provides superior service and personalized guidance using its vast operational regulatory expertise.
Led by a team of experienced FinTech professionals with a proven track record, Cappitech has been named a RegTech 100 company – one of the world’s most innovative RegTech companies by FinTech Global, a data and research firm.