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42
Solutions Limited
The 42 Solutions team
have been providing business analysis, process
optimisation, regulatory and finance solutions
to major financial institutions for the last 16
years; blending deep experience in Financial Markets
with appropriate software applications.
42 Solutions offer solutions
that simplify compliance with key MiFID process
and reporting requirements, while providing the
knowledge framework required by other regulatory
initiatives; minimising duplication of effort
and systems
MiFID Solution Overview
MiFID reflects the trend
towards a more regulated business environment;
where efficient response to successive regulatory
initiatives, with less cost and business disruption,
is becoming an important performance parameter
for financial institutions.
MiFID KYC demands accurate
information around Client Classification and Business/Legal
Entity Identifiers, for any point in time. However,
the requirement to analyse and capture rich, multi-dimensional
information, based on an accurate model of your
business, is not unique to MiFID. If this is not
recognised, serial inefficiencies and business
disruption can result.
The combination of 42 Solutions
experience and the 42Matrix offers a good solution
for institutions that want to avoid "regulatory
fatigue".
For KYC, the 42Matrix has an active model of organisation
with capacity to analyse and retain the full web
of vertical & horizontal relationships between
organisations. Changes such as classification,
ownership; subsidiary creation & dissolution,
domicile etc. can be tracked, driven from market
activity and reference data sources.
The 42Matrix supports independent
views of organisation; where concepts such as
"internal" and "external", "buyer"
and "seller" can be flexed to the perspective
of the viewer. This resolves situations such as
partial ownership, collaborative trading, transaction
specific relationships etc. 42Matrix "temporality"
supports whole lifecycle views of Clients or other
business/legal entities.
Current business models
for internal and external organisations can be
loaded into the 42Matrix and information harvested
from existing legacy data. The revised model,
implemented in the 42Matrix, can then become a
knowledge repository; acting as a service to deliver
consistent organisational information for all
uses.
Website:
http://www.42-solutions.com
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