29 November 2018, London | Brexit, client engagement and SFTR product updates are the key themes during UnaVista’s client association day. Citihub Consulting, a UnaVista partner, will be participating and showcasing capabilities that are relevant to its members.
“There are two main areas in regulatory technology where we have the experience and resources to help UnaVista members,” shares Citihub Consulting’s Partner and RegTech practice lead Bob Mudhar. These are:
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- Application Risk Assessment
A holistic predictive analysis to identify and improve latent risks to your transaction reporting technology platform.
Citihub Consulting specialises in the forensic examination of application platforms to help clients identify, categorise, and mitigate technology and application design risks. Complex internal transaction reporting platforms have many inputs and use tightly coupled technology components to acquire, evaluate and prepare transactions ready for transmission to their ARM. Citihub Consulting takes a holistic top-to-bottom approach through application, middleware, and infrastructure layers.
The Application Risk Assessment has been used by Tier 1 Financial Services firms to review more than 500 critical applications.
- Transaction Reporting Target Operating Model
Beyond the rush to go live with a MiFID II transaction reporting platform, many firms have found that their operating model, evolved to meet the requirements of MiFID I, is no longer fit for purpose. Exceptions management, replaying executions or overriding current failures can result in a significant additional burden for operations and technology teams.
Citihub Consulting has developed a target operating model framework that is based on industry best practice. Our methodology documents current state of the transaction reporting service and then performs a gap and remediation analysis.
UnaVista is London Stock Exchange Group’s global hosted platform for all matching, validation and reconciliation needs; offering a range of business solutions through one interface designed to help firms become more efficient and reduce operational and regulatory risk across all asset classes.