TMCnet News

Sapient Global Markets Introduces RegRecon, Enhancing Matching, Reconciliation and Resolution for Regulatory Reporting
[May 05, 2016]

Sapient Global Markets Introduces RegRecon, Enhancing Matching, Reconciliation and Resolution for Regulatory Reporting


Sapient Global Markets, a leading global provider of business technology and consulting services for the financial and commodity markets, today announced the launch of RegRecon, purpose built to solve industry issues surrounding low match rates and regulatory reporting accuracy.

As regulators require institutions to establish processes for identifying and resolving data discrepancies, trade reconciliation tools are essential for gaining a fast, accurate understanding of exposures and enable firms to efficiently monitor risk and manage collateral.

Sapient Global Markets' RegRecon address these needs through automated trade matching and reconciliation, break management, and resolution workflow. Available as a standalone solution and managed service, or within the award-winning CMRSSM reporting platform, RegRecon helps firms to minimize reporting costs and deliver greater control over the entire reporting process.

Its flexible trade matching engine addresses data discrepancy and resolution issues by automating two-way trade matching and reconciliation, including problematic elements such as Universal Trade Identifiers (UTIs). RegRecon connects to Trade Repositories ARMs and counterparties to receive confirmation responses as well as end of day reports to perform trade reconciliation.



RegRecon enables firms to move away from manual and 'black box' operations, by providing regulatory reporting assurance through enhanced visibility and transparency, ensuring firms neither under nor over report and run the risk of regulatory censure.

"Many of the traditional ways of working with data, particularly in post-trade processing for trade reporting and portfolio reconciliation are inconsistent and uneconomic, posing a significant compliance risk," commented Arun Karur, vice president at Sapient Global Markets. "RegRecon enhances operational processes through enhanced automation and efficient, seamless reconciliation workflow. It provides deeper insight in to all trade discrepancies and simplifies resolution tracking of all changes and messages between the middle-office and counterparties. It improves reporting accuracy mitigating the risk of non-compliance, while also saving time, money and effort for a function that offers firms no competitive advantage."


About Sapient Global Markets:

Sapient Global Markets, a part of the Publicis.Sapient digital transformation platform, is a leading provider of services to today's evolving financial and commodity markets. We offer services and unique methodologies across business consulting, user experience, operations, program management, technology development and solutions. Fusing creativity, technology and industry expertise, we enable our clients to grow and enhance their businesses, create robust and transparent infrastructure, manage costs, and foster innovation to their customers and throughout their organizations. Sapient Global Markets operates in key financial and commodity centers worldwide, as well as in large technology development and operations outsourcing centers globally. For more information, visit www.sapientglobalmarkets.com.


[ Back To TMCnet.com's Homepage ]