MAP FinTech Partners with DTCC to Facilitate ASIC Reporting

UK and EU regulatory reporting provider MAP FinTech yesterday announced the extension of its strategic collaboration with The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry. 

With the partnership, the company will aggregate DTCC Global Trade Repository(GTR) service data in Australia to help clients meet reporting obligations required by the Australian Securities & Investments Commission (ASIC).  

For now, MAP FinTech's innovative reporting Platform offerings integrated with DTCC’s GTR for trade reporting in Australia, offers a fully-automated on-boarding process, allowing the uninterrupted transfer of existing regulatory data in any format. This enables a seamless migration of data from CME/Abide or from any other third-party providers, easily and effortlessly with zero time-gaps.

MAP FinTech offers a comprehensive, cost-efficient and integrated solution, delivered via a single platform along with the rest of the Polaris Platform offerings support services provided by an experienced and dedicated team of professionals.

Mark Ellis, Business Development Manager of MAP FinTech, stated, “We are committed to offering state-of-the-art scalable solutions that simplify the way our globally active financial services clients meet their regulatory requirements without encumbering operational flexibility. By extending our collaboration with DTCC, we ensure that our clients operating in Australia will continue to enjoy a best-in-class and cost-efficient ASIC solution, delivered via a single platform along with the rest of MAP FinTech’s offerings.”

Oliver Williams, Executive Director and a Regional Head of DTCC’s GTR Business for Asia added, “We are pleased to be collaborating with MAP FinTech to streamline client’s adoption and use of our GTR service in Australia and to facilitate ASIC trade reporting. As the licensed Australian derivative trade repository (ADTR) under ASIC, we look forward to continuing to serve this important market and our mutual clients.”