Cyprus-based Regtech firm Point Nine has announced a synergistic partnership with FIS to seamlessly extend its service and expertise to its valued customers.
Point Nine is a dedicated regulatory reporting firm focusing on the provision of trade and transaction reporting services to legal entities across the globe.
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New reporting product ensures timelines and accuracyThe firm has processed and reported more than 7 billion transactions across all asset classes since 2015, with a proven track record of 99.95% submissions success in EU/UK transaction reporting.
Andreas Roussos, Chief Executive Officer of Point Nine, said: “We are thrilled to be selected by FIS to power Trade and Transaction Reporting together. We are proud to engage in this partnership with an S&P 500 firm and we are looking forward to strengthening and developing this partnership further towards achieving common goals”.
“The data which are necessary for firms to ensure timely and accurate reporting are segregated amongst multiple systems, data formats and 3rd parties. By leveraging FIS’ vast amounts of trade data and Point Nine’s capabilities we are thrilled to present FIS Trade Reporting Manager with Point Nine: aiming to ensure timelines and accuracy in reporting whilst reducing costs and associated risks.”
The FIS Trade and Transaction Reporting Manager with Point Nine offers an end-to-end, cloud-based solution for improved trade and transaction reporting efficiency and effectiveness, the firm explained.
It collects raw data across all asset classes from multiple sources, performs data mapping, includes rich market data, and automatically translates, validates, and submits reports that meet specific regulatory requirements.
Plus, the expert exception management service consists of two major components – email notifications, and the expertise to drill down and quickly resolve any potential issues.
Founded in 2002, Point Nine collaborates with both buy- and sell-side financial firms, service providers, and corporations to help them ensure high-quality and accurate reporting to remain compliant with the following:
Point Nine uses their in-house proprietary technology, to provide an in-class solution to all customers and regulatory reporting requirements.
