Qomply

Report Assurance Technology

Winner WatersTechnology Best Newcomer 2021
Winner British Bank Award 2021 RegTech Partner of the Year

Overview

Qomply specialises in providing collaborative cloud-based solutions addressing EU and UK regulation for transaction reporting, record keeping, and sensitive data. Covering key transaction reporting regulations, Qomply empowers firms to meet their regulatory obligations through technology.

Qomply’s ReportAssure platform performs accuracy, timeliness and completeness checks for transaction reports for MiFID (MiFIR), EMIR and SFTR. Delivering one of the most comprehensive arsenals of accuracy checks in the industry, Qomply’s transaction report diagnostic auditor is powered by a proprietary assurance engine that checks every single piece of transaction report data for accuracy – performing a sophisticated matrix of rules and accuracy checks.

Crafted to respond to increasing levels of complexity of regulation, rules, and data analytics, Qomply’s cloud-based platforms offer straight-forward interfaces and streamlined APIs enabling market participants to either use as a stand-alone product or integrate within their existing technical infrastructure.

Qomply's modular system sets it apart – clients subscribe to only the services they require with a pricing model reflecting trade flow.  Investment firms find Qomply’s modular platform an efficient and productive solution in addressing both their regulatory requirements and their budget constraints.

1The Qomply Transaction Report Diagnostic Auditor delivers one of the most comprehensive arsenals of accuracy checks in the industry. The Qomply assurance engine checks every single piece of transaction report data for accuracy – performing a sophisticated matrix of over 1,000 rules and accuracy checks on individual fields as well as their cross-relationships with other fields.

1The Qomply Trade Reconciler for MiFID II performs trade reconciliations across large data sets within seconds. Firms comply to regulations by confirming completeness of their reports and verifying the data they sent to the regulatory is, in fact, the data received by the regulator. 

1The MiFID Reportability Checks - A free tool enabling firms to verify reportability of instruments amongst UK/EU regimes and trade dates.

1The Qomply Centralised Sensitive Data tool enables firms to securely and efficiently manage sensitive data centrally and distribute to venues. Venues, in turn, obtain only the data they require from firms so as to produce timely reports.

1The Qomply Unified Message Monitors enables firms to monitor requests, exceptions, and issues across trading venues through one central portal.

Winner WatersTechnology Best Newcomer 2021
Winner British Bank Award 2021 RegTech Partner of the Year
The Qomply Trade Reconciler for MiFID II performs trade reconciliations across large data sets

Products

Qomply ReportAssure | Transaction Report Diagnostic Auditor | 1,000 Checks in a Click

Covering key transaction reporting regulations, such as MiFID, SFTR and EMIR, the Transaction Report Diagnostic Auditor ensures transaction reports are accurate.

Qomply’s Transaction Report Diagnostic Auditor delivers one of the most comprehensive arsenals of accuracy checks in the industry. Powered by a proprietary assurance engine, every single piece of transaction report data is checked for accuracy – performing a sophisticated matrix of over 1,000 rules and accuracy checks.

The tool offers a straight-forward interface and a streamlined API enabling market participants to either use as a stand-alone product or integrate within their existing technical infrastructure.

Unique in the market, the Qomply Diagnostic Auditor detects issues with not only a firm's input files but also the regulator's MDP output files. This enables firms to preemptively and retrospectively conduct an analysis of their reports before and after reports submitted to the regulator - essential in complying with the regulations.

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Diagnostic Tool

Qomply ReportAssure | Transaction Report Trade Reconciler for MiFID II

Trade Reconciler

Accuracy testing and reconciliations are mandated under RTS 22, Article 15. The Transaction Report Trade Reconciler performs completeness checks across large data sets within moments. At the touch of a button, market participants can efficiently reconcile transactions sent, from their front-office systems, to the regulator versus those received by the regulator.

Many firms still rely heavily on manual processes to analyse and reconcile their transaction report data. This severely limits reporting accuracy and productivity. Qomply’s solutions liberates firms from this burden and transforms their operational functions freeing up time to focus on their core business models.

Smaller firms are empowered to easily meet their regulatory obligations by only paying for the solution they require. Pricing models based on trade volume makes the Reconciler Tool a viable option for most firms.

Running both the Diagnostic and the Reconciliation provides an added-level of due diligence and comfort in the assurance that transaction reporting systems are working correctly.

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FCA and ESMA FIRDS Lookup Tool | MiFID II Instrument Reportability Checker

This free service enables firms to conduct reportability checks to determine if a financial instrument is MiFID-reportable in the UK, the EU, or both.

By inputting an ISIN (instrument identifier), a string of ISINs, or upload a CSV file for a specific trade date, the service will report, as of that trade date, the region and reportability of that instrument. Therefore, firms will know, unequivocally, if the instrument was reportable, when, and where.

This is the only service freely available that queries both EU and UK databases and conducts searches across multiple instruments at once. Ambiguity of reporting obligations is removed as the tool reaches back in time to determine if an instrument was reportable in a specific regime.

It is now easy for market participants to obtain answers on their reporting obligations in one place as opposed to issuing multiple queries across different locations.

Qomply’s free service is available at https://qti.qomplypi.com/firdslookup

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MiFID Reportability Checker

Qomply Dashboard

Qomply Centralised Sensitive Data Tool

Qomply Centralised Sensitive Data Tool is a cloud-based application used by trading venues and investment firms. The platform centralises the maintenance, processing and distribution of personal sensitive data so as to comply with recent EU MiFID II regulations, GDPR, and data privacy. The solution promotes an integrated financial system, imposes a secure control framework, and reduces operational risk and resources.

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Unified Message Monitor

The Qomply Unified Message Monitor centralises messages raised by trading venues and ARMs.

Investment firms monitor one central area for messages and exceptions across venues.

The unified messaging monitor can be used stand-alone or integrated into an existing technical infrastructure through an API. Optionally, the monitor can be used as part of the entire QomplyPi Sensitive Data Solution.

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Unified Message Monitor

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Want to know more or just want to phone us up for a chat?

+44 (0)20 8242 4789