KRM22 announces partnership with deltaconX

RNS Number : 5545S

KRM22 PLC

07 November 2019

 

KRM22 plc

("KRM22" or the "Company")

KRM22 announces partnership with deltaconX

KRM22 plc, (AIM: KRM) the technology and software investment company that focuses on risk management for capital markets, today announces that it has partnered with deltaconX, a provider of regulatory reporting services for European financial, energy and commodity trading organisations.

The deltaconX SaaS-based service, which will be available through KRM22's Global Risk Platform, enables firms to meet regulatory reporting requirements including EMIR, FinfraG, SFTR, MiFIR and MiFID II, and REMIT. The application simplifies the reporting process through automation and dynamic error handling, minimising manual work and the likelihood of human error.

Saeed Patel, Director of Product Strategy at KRM22, commented: "With a rise in the number of enforcement actions and a plethora of progressively complex regimes to comply with, regulatory reporting is an increasingly important area of focus for our customers. This new partnership with deltaconX is complementary to the suite of regulatory risk applications which is currently available through our Global Risk Platform and will allow us to help firms reduce the complexity of complying with multiple regulatory reporting regimes."

Fabian Klar, Director of Sales and Customer Relations at deltaconX, commented: "Our service is designed to simplify the regulatory reporting processes firms are required to follow to adhere with the large number of regimes across Europe. By making our service available through KRM22's Global Risk Platform we hope to extend our reach in capital markets to support more market participants with our user friendly and state of the art multi-regulatory service."

For further information please contact:

KRM22 plc                                                                                                          [e-mail]

Keith Todd CBE, Executive Chairman and CEO

Kim Suter, CFO

finnCap Ltd (Nominated Adviser and Sole Broker)                                                      [phone]

Carl Holmes / Matthew Radley

About KRM22 plc

KRM22 is a closed-ended investment company which listed on AIM on 30 April 2018. The Company has been established with the objective of creating value for its investors through the investment in, and subsequent growth and development of, target companies in the technology and software sector, with a focus on risk management in capital markets.

Through its investments and the Global Risk Platform, KRM22 helps capital market companies reduce the cost and complexity of risk management. The Global Risk Platform provides applications to help address firms' regulatory, market, technology and operations risk challenges and to manage their entire enterprise risk profile.

Capital markets companies' partner with KRM22 to optimize risk management systems and processes, improving profitability and expanding opportunities to increase portfolio returns by leveraging risk as alpha.

KRM22 PLC is listed on AIM and the Group is headquartered in London, with offices in several of the world's major financial centres.

See more about KRM22 at KRM22.com.

About deltaconX

deltaconX regulatory reporting service is an innovative software solution catering for European Financial & Energy Market participants enabling them to meet various regulatory requirements such as EMIR, REMIT, FinfraG, MiFIR, MiFID II and SFTR. Through full automation and dynamic error handling, reporting processes are significantly simplified, minimising manual work and human errors.

deltaconX allows users to gain full control over all reporting processes across: Corporate groups, Source systems, Asset classes, Transaction types, Reporting channels. The powerful rules engine of deltaconX permits users to configure the most complex internal delegation scenarios such as company structures, making deltaconX one of the most flexible solutions in the market by giving the client full control over its own data and data analysis. deltaconX makes regulatory compliance processes not only easier, more reliable and faster, but even also more cost effective.

 

END

 

 

NRAUNRWRKWAARAA