NewTech Friday: RegTech Datahub - Helping companies improve their regulatory data efficiency
Danish startup RegTech Datahub is one of the five winners of the fourth edition of the LHOFT Catapult: Kickstarter program. Its CEO, Lars Christiansen, tells us about his solution that delivers static master data to financial institutions to help them fulfill their regulatory obligations.
Danish startup RegTech Datahub is one of the five winners of the fourth edition of the LHOFT Catapult: Kickstarter program. Its CEO, Lars Christiansen, tells us about his solution that delivers static master data to financial institutions to help them fulfill their regulatory obligations.
What led to the creation of RegTech Datahub?
RegTech Datahub is a spinoff from a consulting firm Capital Market Partners. Working with regulatory reporting for a number of clients within EMIR, MiFID and Solvency, we discovered a way to get data for regulatory reporting from the public domain that covers the needs of our clients.
By investing time and knowledge into analyzing and building a solution we discovered there was a market for this where we have much more attractive pricing than the large competitors, better quality, and a cloud ready solution with no limits on the usage within an organization.
Could you present RegTech Datahub’s offer?
We offer data for regulatory reporting for MiFID II (5,000 banks in Europe), Solvency II (9,000 insurance clients) and REMIT (15,000 companies that trade commodities and have to report).
Data can be accessed either through APIs or through a website depending on the needs of each client.
What's coming next for RegTech Datahub?
For the existing solution, today we have clients in Denmark for the above regulatory domains. We are entering the market of Sweden, Netherlands and Luxembourg during the early stage of 2023, opening the full European market, as all EU countries are subject to the same regulation.
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