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  3. deltaconX signs up Investitionsbank des Landes Brandenburg for SFTR
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deltaconX signs up Investitionsbank des Landes Brandenburg for SFTR
06 October 2020 Lucerne
Reporter: Natalie Turner

Image: Zarya Maxim / Adobestock.com
deltaconX has signed German investment bank Investitionsbank des Landes Brandenburg (ILB) as the latest user of its Íø±¬³Ô¹Ï Financing Transactions Regulation (SFTR) reporting solution, ahead of phase four in January.

ILB is the second institution to be mainly responsible for the finance of a federal state of Germany.

The bank has chosen deltaconX regulatory platform to fulfil its reporting obligation under SFTR and the European Market Infrastructure Regulation (EMIR).

deltaconX offers a cloud-based multi-regulatory platform that aims to reduce the need for manual processes and high costs to achieve regulatory compliance.

Thomas Buk, CEO of deltaconX, comments: “We are very happy that ILB has decided to use our platform to fulfil their reporting obligation under SFTR.

“The fact that more-and-more private, as well as state-owned and supranational institutions, are choosing our solution to comply with European reporting requirements confirms that we have taken the right approach to offer our state-of-the-art reporting platform in a highly-secure private cloud, which allows us to support our clients needs in a cost and effort efficient way.â€

For deltaconX, the deal marks the latest addition to its reporting hub’s client base.

Earlier this year, it welcomed Kommunalkredit Austria AG, a specialised bank for infrastructure financing, and DZ PRIVATBANK as its first Luxembourg-based client.
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