News
Sopra Steria partners with Sybenetix to deliver the next generation of Market Abuse Surveillance and Compliance Services
September 2016 by Marc Jacob
Sopra Steria has announced a new partnership agreement with Sybenetix, the provider of behavioural end-to-end market abuse surveillance, case management and conduct management systems. The partnership will enable investment firms to integrate market leading, highly innovative, proprietary behavioural management and compliance solutions with their existing trading systems and operations to help exceed the demand for ongoing regulatory compliance.
As financial firms seek to reduce the cost of compliance across their trading operations, the challenges of managing compliance risk are huge and include operational costs, reputational damage, technical complexity and significant fines by the regulator. This partnership will provide the next generation of scalable, real-time analytic platforms that can help firms meet these challenges through a cost efficient SaaS model.
Working with Sybenetix, Sopra Steria will provide solutions to some of the biggest regulatory challenges currently facing investment firms, including:
• Rising Compliance Costs – Sopra Steria and Sybenetix enable cloud-based compliance solutions, which provide smarter, faster detection and investigation of potential misconduct. We save time and money for compliance by removing false positives and more readily establishing behavioural intent, while improving engagement with the front office, transparency for the regulators and supporting superior investment performance.
• Regulatory Reporting – As banks have to comply with ever more stringent Market Abuse Regulations (MAR) and the global regulatory focus on individual liability and accountability, the availability of data and next-generation analytics to spot potential trading anomalies can provide firms with indicators ahead of any potential regulatory scrutiny.
