Business

AccessFintech, Cappitech Partner to Provide Combined Solution

AccessFintech and Cappitech announced on Thursday that they are extending the scope of their partnership, collaborating to deliver greater governance and risk controls with the offering of a combined solution to the market participants.

AccessFintech’s offerings include risk management services for banks and buy-side firms. It helps firms track the trade lifecycle and get a true sense of prioritized risk, across an increasing number of systems. Cappitech, on the other hand, is an intelligence solutions provider offering regulatory reporting and execution analysis and business intelligence solutions.

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Per the press release, the enhanced service includes AccessFintech’s exception management solution across trading workflows, as well as Cappitech’s platform, covering the regulatory evolution from EMIR through North America and Asian governance, to MiFID II and SFTR.

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Commenting on the partnership between the two, Roy Saadon, CEO of AccessFintech, said: “I am excited by our alliance – the technology delivery of our products with those of Cappitech’s is seamless across the whole lifecycle. We want to eliminate context switching: the industry has too many screens, too much switching. We want to provide a much smoother interaction, and a frictionless flow of data. I believe there is huge appetite for this new type of collaboration, with shared domain and knowledge transfer.”

A strong tie between the fintech firms

The new services are an extension of an existing partnership between the two which was inked in 2017 to deliver MiFID II solutions to the market.

The announcement also detailed that the data distribution capabilities of AccessFintech can drive the regulatory processing provided by Cappitech, providing banks with a seamless way of accessing new technologies using the same workflow engine.

“We have a similar approach, and moreover a similar user experience, making it attractive for our clients to be able to access both suites of solutions. Our goal is to help companies perfect reporting and one way we do this is by leveraging the “wisdom of the crowd” derived from our experience in servicing over 100 financial firms,” Ronen Kertis, CEO of Cappitech, added.

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