deltaconX has signed German investment bank Investitionsbank des Landes Brandenburg (ILB) as the latest user of its Securities Financing Transactions Regulation (SFTR) reporting solution, ahead of phase four in January.
ILB is the second institution to be mainly responsible for the finance of a federal state of Germany.
The bank has chosen deltaconX regulatory platform to fulfil its reporting obligation under SFTR and the European Market Infrastructure Regulation (EMIR).
deltaconX offers a cloud-based multi-regulatory platform that aims to reduce the need for manual processes and high costs to achieve regulatory compliance.
Thomas Buk, CEO of deltaconX, comments: “We are very happy that ILB has decided to use our platform to fulfil their reporting obligation under SFTR.
“The fact that more-and-more private, as well as state-owned and supranational institutions, are choosing our solution to comply with European reporting requirements confirms that we have taken the right approach to offer our state-of-the-art reporting platform in a highly-secure private cloud, which allows us to support our clients needs in a cost and effort efficient way.”
For deltaconX, the deal marks the latest addition to its reporting hub’s client base. Earlier this year, it welcomed Kommunalkredit Austria AG, a specialised bank for infrastructure financing, and DZ PRIVATBANK as its first Luxembourg-based client.