Novatus En:ACT

Source System and Submission File Reconciliations

End-to-end reconciliation from source data to reports made to end points.

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Advantages:

Accuracy

En:ACT independently recreates the transaction reports using data from source system(s) and compares it to reports made to end points to assess accuracy of 100% of transactions and 100% of fields.

This ensures that each transaction reported meets the latest regulatory standards and market best practices.

Completeness

En:ACT independently assesses the reportability for 100% of trades within source system(s) to identify any instances of over- and under-reporting.

Timeliness

En:ACT independently identifies any transactions that were / should have been reported outside of required timeframes, considering both source system data and reports made to end points.

Hassle Free Implementation

We manage all implementation with your source system (s) so minimal effort is required from internal teams.

End-to-End Transaction Reconciliation

End-to-end reconciliation from source data to reports made to end points enables firms to ‘close the loop’ on their transaction reporting oversight.

Full Transparency for Precise Error Identification

Full transparency enables firms to precisely identify the error on a transaction and field basis, with clear linkage to the underlying regulation to understand why the error is occurring.

Focus on Fixing, Not Finding Issues

The platform is built to enable firms to focus on fixing issues instead of a constant cycle of working out what has gone wrong.

Compliance Engine Tests All Trades and Fields

The platform’s Compliance Rules Engine runs thousands of tests across 100% of trades and 100% of fields, covering all G20 reporting regimes.

Single Platform for Issue Resolution

In-built workflow facilitates issue resolution through a single platform.

Robust Security Infrastructure

Entirely AWS Hosted.