SteelEye Wins Best Solution for Records Retention at RegTech Insight Awards
SteelEye, the compliance technology and data analytics firm, has been recognised as the Best Solution for Records Retention in the RegTech Insight Awards 2020. These awards highlight the work of leading RegTech firms in the form of solutions, services and consultancy, with winners selected via a two-step process in which a judging panel selects a shortlist before polls are opened for market participants to vote for their preferred suppliers.
The award reflects SteelEye's commitment to using cutting edge technology, which enables clients to meet their regulatory requirements and gain better insight into their performance. Comprehensive record keeping is the basis of all compliance requirements, and SteelEye's Core Package helps clients to manage their obligations by capturing and storing client data in real time in line with MiFID II, Dodd-Frank and other global regulations.
Data management within compliance has long been a challenge due to the complexity of the data and the processes required to cleanse, organise and map this information. SteelEye's approach is to resolve firms' data problems by establishing a trusted single source of information. SteelEye's intelligent data platform does this by capturing, cleansing, and indexing clients' structured and unstructured data (including communications, trades and orders) from a multitude of sources and making it instantly searchable and retrievable. Once unified on a single platform, clients are empowered to use their records to facilitate compliance with other regulatory regimes and to derive new business insights.
"The management, security and usability of data is core to our service and ensures that clients can store, access, search and use their information with greater flexibility and ease," said Matt Smith, SteelEye CEO. "Our sophisticated platform and data management tools are highly regarded by clients, as is our straightforward and transparent fee structure and ease of access via the cloud. We are pleased that the RegTech Insight judges recognised the value of our services, but most importantly we are grateful to our clients who showed their support by voting for us."
SteelEye supports an extensive range of regulatory regimes and is the only provider to offer its suite of services on a single platform, which includes regulatory reporting, trade and communications surveillance, best execution, transaction cost analysis, record keeping and trade reconstructions. In addition, SteelEye provides powerful data analytics capabilities enable clients to not just meet their regulatory obligations but to additionally gain improved value from their compliance processes and data.