Thomson Reuters has won three coveted awards at the highly respected A-Team Group RegTech Awards 2018. The well-attended awards ceremony, held at Brewers’ Hall in London on 3 May, acknowledged cutting-edge RegTech solutions, services and consultancies.
The awards were presented by Andrew Delaney, President and Chief Content Officer at A-Team. Delaney offered his congratulations to the winners and nominees. He said: “We had a large number of nominations and votes across all categories, which signals growing dependence on RegTech by firms in capital markets.”
Thomson Reuters won in three categories:
Best Solution for Managing Operational Risk:
Organizations traditionally operate multiple risk processes across a range of different technologies. This makes it difficult to consolidate, monitor and understand all potential risks at any one time.
Thomson Reuters Connected Risk, our next-generation software platform, seamlessly integrates critical risk data from disparate internal and external sources, and delivers a holistic, enterprise-wide overview of aggregated risk, with the ability when necessary to drill down to a detailed level of risk data.
Connected Risk is flexible and highly configurable in order to meet changing business needs. The solution allows clients to develop their own solutions to meet specific-use case needs, and leverages existing legacy technologies to enable end-to-end regulatory compliance.
Best Compliance as a Service Solution:
Thomson Reuters Regulatory Intelligence (TRRI) delivers reliable, practical and actionable information about the global regulatory environment, empowering compliance professionals to make more informed decisions.
This single regulatory intelligence solution removes the need to manually track and monitor multiple sources of regulatory information by providing global coverage of over 600 regulatory bodies and more than 1,000 regulatory and legislative materials, employing an advanced search function.
It can be customized to deliver targeted, relevant information, and an exclusive taxonomy tracks critical upcoming regulatory events. The community feature connects the broader community of compliance and regulatory experts.
Best Best-Execution Solution:
Thomson Reuters Velocity Analytics (TRVA) is a MiFID II–ready data analytics platform providing ultra-high-speed processing of real-time, streaming and historical data. The solution combines the financial and risk content of Thomson Reuters and the industry’s most robust computing and analytical platform: Kx.
Velocity Analytics transforms raw data into unique, actionable insights, helping customers to uncover trading opportunities and to manage risk and regulatory requirements. Its large library of out-of-the-box Analytics covers the entire trading cycle, including solutions for Best-Execution monitoring, Best-Execution reporting and SI determination.
Velocity Analytics leverages the comprehensive coverage by Thomson Reuters of instruments across all asset classes to solve some of MiFID II Best-Execution’s biggest challenges by providing benchmarking against proxy instruments for illiquid and OTC derivatives.
It enables firms to change and test alert levels to determine the optimum thresholds at which firms benchmark executions, substantially reducing the noise and compliance effort within the Best Execution process.
Velocity Analytics also allows custom analytics to be built on the platform, which means customers can adapt to changing market dynamics and microstructure. This flexibility allows firms to maintain their Best Execution obligations.
Best for you
RegTech innovation has the power to provide single, connected systems that enable a holistic approach to risk management, and delivers the tools needed to anticipate and manage risk in the agile manner demanded by today’s fast-paced global environment.
Our complementary suite of risk management solutions blend information, people, technology, and platform to create an unrivalled combination that empowers our customers to understand and embrace risk with confidence.
Thomson Reuters is proud of the recognition of excellence embodied in these awards, and continues to innovate in the RegTech space, consistently applying best-practice and cutting-edge technology to solve real-world challenges and improve the customer experience.