Kaizen wins Best Transaction Reporting Solution at the RegTech Insight Awards USA 2024

New York, London, 22 November 2024 – Leading regulatory technology firm, Kaizen, has won ‘Best Transaction Reporting Solution’ at the RegTech Insight Awards USA 2024 for its ReportShield™ Accuracy Testing service. This is the fourth year in a row that Kaizen has won a RegTech Insight USA award.

Kaizen’s ReportShield™ Accuracy Testing is an automated, managed solution that tests the quality of trade and swap transaction data reported to the regulator. What makes the solution unique is the comprehensive deep testing of all records, which provides financial firms with full visibility of their reporting quality. Accuracy Testing is available via the Kaizen Hub, Kaizen’s easy to use web-based portal. It is the only assurance service that is tailored to all global reporting regimes including the CFTC and SEC swap data reporting rules as well as MAS, HKMA, ASIC, MiFIR, EMIR, and SFTR.

Angela Wilbraham, CEO at A-Team Group and host of the 4th annual RegTech Insight Awards USA 2024, commented “Congratulations to Kaizen for winning the Best Transaction Reporting Solution award in this year’s A-Team Group RegTech Insight Awards USA 2024. These awards celebrate providers of leading RegTech solutions, services and consultancy and are uniquely designed to recognise both start-up and established providers who are creatively finding solutions to help with regulatory challenges and span a wide range of regulatory requirements. Our congratulations to Kaizen for their achievement in winning this award in a highly competitive contest.”

Ian Rennie, Managing Director and Co-founder of Kaizen, commented: “I would like to thank everyone who selected Kaizen as the Best Transaction Reporting Solution at this year’s RegTech Insight USA Awards. As part of our recent £42 million minority investment, the US will be a key focus for us as we look to help firms with the challenges in adhering to the CTFC and SEC rules and other regulations. This year we have seen an unprecedented amount of change not only in the USA but globally and we are as committed as ever to providing the very best in solutions that help firms meet their regulatory requirements of accurate, complete and timely reporting.”

The CFTC has been one of the most active of the global regulators over the past few years, fining six registered swap dealers US$60m in the past year, for reporting violations, making it clear that failure to comply with supplying accurate and complete data comes at a cost.

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For more information, please contact James Dunseath, Communications Advisor, on +44 (0) 7557 955795 or media@kaizenreporting.com