Deutsche Börse and Illuminate Financial Pour $5 million Into Reg Solution Firm
Demand for outsourced trade reporting solutions is driven by upcoming regulatory deadlines.
Risk and regulatory services firm Risk Focus, Inc. launched RegTek.Solutions earlier this year to provide trade reporting solutions and cost-effective compliance software which enables firms to improve quality, transparency and control of regulatory reporting obligations across multiple jurisdictions and asset classes.
RegTek.Sclutions is based in New York and counts 10 of the G15 banks among its clientele.
Deutsche Börse will manage the investment through DB1 Ventures, its corporate venture
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