Sapient Global Markets, a global provider of business technology and consulting services for the financial and commodity markets, recently 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 CMRS 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. 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.