Transaction Reporting

Why Transaction Reporting should be on your radar

Transaction Reporting has been under increased regulatory scrutiny by supervisory bodies globally. Over the past decade, financial markets regulators have not shied away from imposing significant fines where market participants were not able to report transactions in a complete, accurate and timely manner.

The regulatory Transaction Reporting landscape is complex and keeps evolving. The obligation to track and implement (new and amendments to existing) regulatory reporting requirements on a continuous basis is putting pressure on in-house built reporting solutions. At the same time, organizations are striving for a controlled and efficient Transaction Reporting process.

High data quality is not only a prerequisite for regulatory supervisory bodies to be able to monitor irregular market behavior or identifying risks adequately but also enables market participants to be in control of their transaction reporting.

Why Synechron?

We combine regulatory expertise with program management and technological capabilities.

Synechron is your key partner of choice to support you with your Transaction Reporting challenges. Our experts can guide your regulatory implementations and can support you in gaining or regaining control over your full Transaction Reporting chain. We will help you to bring your control framework up to the standards the current market desires, while keeping an eye on the efficiency of the full transaction reporting process.

Control Framework assessment, specialized quality control and issue management

Regulatory Change and program management

Synechron has extensive experience in guiding and managing regulatory change programs:

Program management and delivery, program structure definition, and progress tracking and reporting.
Analysis, impact assessment, and implementation of new regulations or updates to current regulations, such as the CFTC rewrite and the EMIR refit.
Delivery of data lineage documentation describing the mapping of data from Front-Office systems to data reported to the regulator.

Control Framework assessment, specialized quality control and issue management

Synechron can support improving the quality of your Transaction Reporting:

Perform a health check of your existing control framework to determine the effectiveness of controls and to identify areas for improvement.
Provide insight into regulatory reporting solutions i.e, reporting engine or quality assessment solutions.
Guide a vendor selection process, if applicable.
Improve issue management processes and support on issue prioritization, issue solving, and back reporting.

Technical Support on your reporting solution and framework

Synechron can provide technology leadership for the architecture and delivery of the reporting infrastructure based on the latest developments such as NoSQL:

Define the architecture vision and guidance of the current and future reporting landscape.
Focus on future state technology (Cloud, data lakes, and CI/CD).
Build, deliver and maintain the data-hub, reporting solution, and supporting architecture.
Support Cloud migration and system integration activities.