Waters Rankings 2024: Best reporting system provider—S&P Global Market Intelligence Cappitech

Overview

Cappitech is a cloud-based, cross-regulation software-as-a-service (SaaS) platform designed to help financial services firms comply with their various regulatory mandates via a single dashboard with out-of-the-box connectivity to all main approved reporting mechanisms (ARMs) and trade repositories (TRs) for regulatory bodies/regimes including Mifid, the European Market Infrastructure Regulation (Emir), Securities Financial Transaction Reporting (SFTR), the US Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), Canadian Derivative Reporting, the Monetary Authority of Singapore (MAS), the Japan Financial Services Agency (JFSA), the Hong Kong Monetary Authority (HKMA), the Australian Securities and Investments Commission (ASIC) and FinFrag. Cappitech helps facilitate trade reporting for clients globally, increasing efficiency, reducing the need for client resourcing, and minimizing risk.

The solution  

The Cappitech platform offers a global approach to regulatory reporting alongside regular platform enhancements and integration across multiple regulatory regimes. Customers receive a single, integrated platform and local expertise across all regimes to monitor and manage multi-jurisdictional reporting, exception management and key performance indicator monitoring. They also have access to data and intelligence.

Secret sauce  

Cappitech’s global approach and its integrated platform have been particularly helpful for clients ahead of the significant regulatory changes set to be introduced during 2024 and beyond. Cappitech is flexible in terms of how it ingests data and works with its clients. It also offers them a range of ancillary services such as reconciliation and exception management tools, and managed services.

Recent milestones

• Increased regulatory regime coverage: Cappitech now supports CFTC ReWrite Phase 2, while its Emir Refit solution went live for its customers along with its JFSA solution with its Japanese interface. Within a few weeks of the JFSA launch, the firm saw significant submission volumes through the Cappitech platform, with a 99.85% acceptance rate for the first week.
• The firm’s Managed Services, Advisory and Consulting offering has been enhanced and expanded, and now features more comprehensive stack assessment, dedicated onboarding resources, and business-as-usual support.

Future objectives

• Regulatory preparedness: Cappitech will focus on Emir Refit UK, ASIC and MAS derivative reporting changes, while continuing to monitor and prepare for other mandates. It will also expand the variety of existing regulatory regimes it covers.
• UPI enrichment: Cappitech will work with clients to enrich unique product identifier (UPI) data points including end-of-day lookup, UPI creation, and real-time API search.
• After a successful SFTR project with Pirum, Cappitech and Pirum will collaborate to offer the market a joint solution for the upcoming SEC 10c-1a regulation.