Exclusive: DZ PRIVATBANK chooses deltaconX platform for SFTR reporting
05 May 2020 Luxembourg
Image: BorisStroujko/Shutterstock.com
deltaconX has secured DZ PRIVATBANK as a user of its regulatory platform to fulfil the bank鈥檚 obligation under the 网爆吃瓜 Financing Transactions Regulations (SFTR).
SFTR鈥檚 reporting regime is set to begin on for banks, central counterparties and central securities depositories, and will extend to the buy side in October.
To meet this challenge, deltaconX offers a cloud-based multi-regulatory platform that aims to reduce the need for manual processes and high costs to achieve regulatory compliance.
The new deal makes DZ PRIVATBANK, which has offices in Germany, Luxembourg and Switzerland and services high-net-worth individuals and corporate clients, the first user based in Luxembourg to sign up to its platform for SFTR reporting.
Thomas Buk, CEO of deltaconX, says: 鈥淲e are very proud that we have been able to convince such a prestigious client in the financial centre of Luxembourg to use the deltaconX platform to comply with its regulatory reporting obligations under SFTR.鈥�
Meanwhile, SFTR project board of DZ PRIVATBANK adds: 鈥淲e decided to go with the deltaconX SFTR solution because the respective product is very intuitive to use and could be implemented with little effort as well. The deltaconX regulatory platform is highly user-friendly and enables us to easily create SFTR reports in an efficient way and to be 100 percent compliant all the time. In addition, there is the prospect of connecting further regulatory topics such as EMIR all within one interface which makes it more comfortable for the back-office departments.鈥�
Elsewhere, is deltaconX collaborating with on a cloud-based SFTR reporting solutions for buy-side clients.
It has also partnered with to create a link to its global risk platform for its clients, and to offer common clients with an end-to-end solution to the requirements of several regulations including SFTR.
Elsewhere, deltaconX is partnered with Finastra, which also offers regulatory reporting services for SFTR
SFTR鈥檚 reporting regime is set to begin on for banks, central counterparties and central securities depositories, and will extend to the buy side in October.
To meet this challenge, deltaconX offers a cloud-based multi-regulatory platform that aims to reduce the need for manual processes and high costs to achieve regulatory compliance.
The new deal makes DZ PRIVATBANK, which has offices in Germany, Luxembourg and Switzerland and services high-net-worth individuals and corporate clients, the first user based in Luxembourg to sign up to its platform for SFTR reporting.
Thomas Buk, CEO of deltaconX, says: 鈥淲e are very proud that we have been able to convince such a prestigious client in the financial centre of Luxembourg to use the deltaconX platform to comply with its regulatory reporting obligations under SFTR.鈥�
Meanwhile, SFTR project board of DZ PRIVATBANK adds: 鈥淲e decided to go with the deltaconX SFTR solution because the respective product is very intuitive to use and could be implemented with little effort as well. The deltaconX regulatory platform is highly user-friendly and enables us to easily create SFTR reports in an efficient way and to be 100 percent compliant all the time. In addition, there is the prospect of connecting further regulatory topics such as EMIR all within one interface which makes it more comfortable for the back-office departments.鈥�
Elsewhere, is deltaconX collaborating with on a cloud-based SFTR reporting solutions for buy-side clients.
It has also partnered with to create a link to its global risk platform for its clients, and to offer common clients with an end-to-end solution to the requirements of several regulations including SFTR.
Elsewhere, deltaconX is partnered with Finastra, which also offers regulatory reporting services for SFTR
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