How MAP FinTech is riding the rising RegTech wave
MAP FinTech’s CEO, Panayiotis Omirou, has been featured on FinTech Global where he discusses the main reasons behind the rising demand for RegTech and why financial services companies have changed the way they handle their regulatory challenges. He also talks about industry trends and the effect the pandemic has had on the regulatory compliance space. Finally, Panayiotis Omirou introduces MAP FinTech’s multiple offerings, its award-winning platform, and the organisation’s future goals. Click here to read the full interview.
How can RegTech be used to improve customer experience?
As part of a RegTech Analyst article, MAP FinTech’s Sales and Relationship Manager, Stefanos Daniel commented on how regulatory technology can be used to improve customer experience. Read full article here. In a world that is becoming ever more digitalised, the need to ensure a smooth and strong customer experience has become increasingly necessary. An automated onboarding process is very important for improving customer experience in today’s competitive market. Customer is king and it is imperative to streamline and smooth the regulatory and compliance process as much as possible. Moreover, RegTech has provided the ability for stakeholders, especially in the area of regulatory reporting, to take the proverbial weight off their backs when it comes to manual tasks. Reporting parties found that, whilst regulation undoubtably posed a burden on their business, they could claw back important time and effort previously spent by their operations and compliance staff, and instead direct that work to their core business, knowing that they remained compliant and retained full oversight. The article also discusses that the use of RegTech leads to more knowledgeable employees that are compliant with up-to-date information from regulators and they manage customers in a way that is consistent with the business ethics and therefore, their experience is enhanced.
MAP Fintech’s CEO Panayiotis Omirou Discusses Regulations and Regtech
MAP Fintech’s CEO Panayiotis Omirou has given an interview to Finance Magnates where he discusses overall industry trends, regulations, and much more. In this interview, Panayiotis highlighted the great value RegTech solutions can provide to financial firms in need of assistance with regulatory reporting, risk management, identity management, compliance, and transaction monitoring. The increasingly complex regulatory environment, along with the heavy penalties issued by regulators in recent years, explains why there has been a marked increase in demand for regulatory technology solutions. Moreover, RegTech has shifted from serving as a best effort to adhere to the spirit of the rules to a more comprehensive mechanism by which companies can be as accurate as possible in their reporting. Companies are now looking to achieve those high levels of accuracy that had previously been deemed unattainable, thanks to a greater availability of reconciliation options or the deployment of AI in a feasible, affordable, and useful way. Click here to read the full interview.
Yet another prize for MAP FinTech!
MAP FinTech wins Best RegTech Reporting Solution award at the 2021 London Summit Awards
MAP FinTech, one of Europe’s leading regulatory technology providers, is delighted to announce that the company has once again received the award for Best RegTech Reporting Solution at the 2021 Finance Magnates London Summit Awards. The Finance Magnates London Summit is a yearly event that rewards the best providers in liquidity, execution, trading platform, marketing and performance, and other aspects of the trading industry’s eco-system. Via a multi-stage voting process, industry peers selected MAP FinTech as the leading Regulatory Technology Reporting Provider offering the best Regulatory Technology Reporting solutions. The winners in all categories were announced during the event’s award ceremony in London on the 17th of November. Commenting on the award, Panayiotis Omirou, CEO of MAP FinTech, said: “We are extremely pleased and proud to win this year’s Best RegTech Reporting Solution award, confirming once again that MAP FinTech maintains its leading position in the Regulatory Reporting space as a provider of comprehensive and innovative RegTech solutions to the financial industry via its unique Polaris platform. What makes this award extremely valuable to us is that it was given based on voting from across the industry and is a clear testament to the value placed on our services by the market and clients we serve. We look forward to continuing to drive innovation and change in the market.” MAP FinTech’s position as a Best RegTech Reporting Solution provider was first recognized by Finance Magnates London Awards in 2019.
Why Strengthening Reconciliation Functions Can Help Companies Remain Compliant
As part of a RegTech Analyst article, MAP FinTech’s UK business development manager Mark Ellis commented on how MAP FinTech thinks firms can maintain regulatory compliance considering the ongoing evolution of regulator attitudes. According to Mark Ellis, RegTech companies should be ‘frontrunning’ on reconciliation and artificial intelligence. He believes RegTech companies are well placed to provide solutions to AML issues due to their operational efficiency with many companies taking stock of new opportunities as they adjust to the Covid-19 pandemic. He also said that MAP FinTech is using this time to tackle complacency by strengthening its offerings. In late 2020, MAP FinTech expanded its partnerships with UnaVista and DTCC and is in discussions with several market participants over future collaborations. Read the full article here. Read the full article here.
MAP FinTech outlines best execution monitoring compliance importance
In an article published in FinTech Global portal, MAP FinTech has underlined how RegTech companies can remain compliant with best execution obligations going forward. Read full article here https://member.fintech.global/2021/07/14/map-fintech-outlines-best-execution-monitoring-compliance-importance-in-regtech/
MAP Fintech: Modernising Regulatory Reporting with Solutions-Orientated RegTech Software
Firms can better manage and streamline their reporting obligations thanks to software from regulatory technology provider MAP FinTech. With some reporting requiring up to hourly attention, automating these processes through their software gives operations and compliance officers the freedom to address more complex tasks requiring detailed attention and expertise. Click https://www.businesswire.com/news/home/20210326005467/en/MAP-Fintech-Modernising-Regulatory-Reporting-with-Solutions-Orientated-RegTech-Software to read the full article published on Business Wire.