All financial institutions are currently dealing with issues related to managing regulatory report error handling, implementing risks associated with regulatory reporting, and dynamic changes in regulatory requirements. All financial institutions must adjust to these issues and continually look for solutions that are precise and efficient, with real-time feedback management. With an end-to-end automated solution that supports several Regulatory Authorities, Sensiple's Setrega fits into this new context.
Complying with Regulation Monetary Authority of Singapore (MAS), Superintendencia Financiera de Colombia (SFC), Preconfigured - ESMA - MIFIR/MiFID II, etc.
The Global Regulatory Analytical Platform has a number of advantages, including
Ability to automate
The advantage for financial institutions is that regulatory reports can be generated and submitted automatically.
Observe new regulations without taking a chance
For financial institutions operating in several locations, Setrega offers flexible data source setup, API mapping, and reporting format modifications with minimal product adaptation, ensuring relief from regulatory and compliance problems.
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
With so much data to manage, auditing can be difficult. Setrega makes it easier by giving clients complete control over their data with a strong data transparency mechanism.
Dashboard
For all regulatory reporting for financial institutions, Setrega serves as a one-stop shop. All historical, current, and scheduled regulatory reports, as well as internal and external statuses, are shown in graphical and tabular form on Setrega's incredibly informative dashboard.
Regional Reach
Setrega benefits financial companies that operate globally since it offers a single solution for all regulatory and compliance requirements. It has been successfully confirmed by important regulatory bodies like the SEC and SFC as well as regulatory frameworks like MiFID II and NFA (National Futures Association).