Catena Technologies Wins Best Compliance as a Service Solution Award

6th May 2019 – Catena Technologies has been selected as the best compliance as a service solution provider by RegTech Insight Awards 2019 for its TRACE Reporting platform. To determine the rankings, the A-Team Group surveyed market participants regarding RegTech-related technology products and services they use. Catena's TRACE Reporting is a software-as-a-service (SaaS) platform that manages a wide range of functional requirements for trade reporting, including cross-asset multi-jurisdiction determination, valuation and collateral reporting, pre-submission validation, and reconciliation.

“We are delighted that our cross-platform readership of over 20,000 senior technology officers and data specialists clearly rated Catena Technologies, as the Best Compliance as a Service Solution in a very competitive field. We congratulate them on their prestigious RegTech Insight Award win," said Angela Wilbraham, CEO of A-Team Group, which hosts the RegTech Insight Awards.

Catena Technologies’ TRACE Reporting system enables financial institutions to meet regulatory reporting requirements for G20 OTC derivatives reporting, MiFID II, and Securities Financing Transaction Regulation (SFTR).  It works together with a number of trade repositories, approved reporting mechanisms (ARMs), and approved publication arrangements (APAs). The system manages the end-to-end reporting and reconciliation workflow by automatically capturing, calculating, enriching, transforming, and submitting the required information to trade repositories.  It can also reconcile trade repository data with a firm’s in-house and external data sources, as well as provide data lineage and analytics that help firms to better manage their trading and operations.

“We are pleased that the strength of Catena's reporting solution is being recognized more broadly around the world. Catena's overall focus has been on improving efficiency, driving down cost, and rationalizing IT infrastructure spend,” said Aaron Hallmark, CEO of Catena. “We expect that the need to streamline existing reporting capabilities will grow as regulators roll out new rules, such as SFTR in Europe and OTC derivatives reporting in Korea. Catena’s TRACE platform helps banks and asset managers consolidate and streamline their trade reporting processes, so that they can reduce operational cost and better manage regulatory change.”

About Catena Technologies

Catena Technologies specializes in architecture, design, and delivery of advanced technology solutions for the financial services industry. Catena has worked with customers across the world, including the U.S., Europe, Japan, Hong Kong, Australia, Singapore, and China. Catena Technologies combines in-depth knowledge of the financial markets with expertise delivering innovative solutions.

For more information, contact:  

Catena Technologies Pte Ltd
3 Phillip Street
#10-01 Royal Group Building
Singapore 048693
Republic of Singapore
Phone: +65 6100 0881
Fax: +65 6399 0881