The Global Regulatory Analytical Platform known as Setrega offers financial institutions a complete answer for complying with one or more Regulatory Authorities. Setrega works with clients to configure Reporting Data, Reporting API, Connecting/Integrating Settings, Report Generation Requirements, Report Validation Requirements, Report Submission Mode, and Feedback Management through highly customizable and end-to-end automation. As a Global Regulatory Analytical Platform, Setrega can be integrated with any financial services company to collect regulatory data and convert it into regulatory reports in predetermined formats with little effort on the part of the user.
The dynamic changes in regulatory requirements, the implementation risks related to regulatory reporting, and the management of regulatory report error handling are all issues that all financial institutions are currently dealing with. All financial institutions are compelled to adjust to these difficulties and continually look for solutions that are accurate and efficient, with real-time feedback management. The Setrega product from Sensiple fits into this new environment by providing an automated end-to-end solution that supports multiple Regulatory Authorities.
Regulation Complied Preconfigured – Monetary Authority of Singapore (MAS), Superintendencia Financiera de Colombia (SFC), ESMA – MIFIR/MiFID II, etc.,
Significant benefits of the Global Regulatory Analytical Platform are,
Automation Capability
The benefit of generating and submitting regulatory reports without manual labor is enjoyed by financial institutions.
Comply with new Regulations without risk
For financial institutions operating in different regions, Setrega offers flexible data source configuration, API mapping, and reporting format changes with minimal product customization, ensuring relief from regulatory and compliance risks.
Scalability
Setrega is scalable in terms of growing the number of connections, the enormous volume of data, more reports and formats, growing the number of submission modes, and growing the number of regulatory authorities depending on the institutions’ types, such as Buy Side/Sell Side/venues.
Transparency
The management of large amounts of data presents difficulties for auditing; Setrega makes it more approachable by granting clients complete control over data through an effective method of data transparency.
Dashboard
Financial institutions can submit all of their regulatory reporting to Setrega, which serves as a one-stop shop. Setrega offers all historical, current, and scheduled regulatory reports as well as its internal & external statuses in graphical and tabular representations on a highly informative dashboard.
Regional Coverage
Because Setrega offers a single solution for all regulatory and compliance requirements, it benefits financial companies that operate globally. Major regulatory bodies like MiFID II, the NFA (National Futures Association), and the SEC and SFC have all successfully verified it.
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