London, 30 September 2021 – Leading regulatory technology firm, Kaizen Reporting has won the ‘’Regulatory Reporting’ award at the WealthTechAsia Awards 2021 for its ReportShield Accuracy Testing service.
The WealthTechAsia Awards were judged by an independent panel of industry experts who focused on the client experience as well as the services provided by the winners. The judges awarded firms who had clearly demonstrated both innovation and excellence over the last year.
Kaizen’s Accuracy Testing is part of the company’s ReportShield™ suite of services, which help financial firms meet their reporting obligations and effectively manage their regulatory risk. The service was originally developed for MiFID and has subsequently been built out to test a range of G20 reporting obligations including for ASIC, MAS, HKMA. Kaizen’s Accuracy Testing is unique in being able to fully assess the quality of the data that firms report to the regulator.
Stephen Harris, ClearView Financial Media’s CEO commented “These awards recognise the very best operators in the Asia wealth management industry. Kaizen Reporting stood out as the clear winner in the Regulatory Reporting category for its Accuracy Testing service. By identifying all reporting errors firms can ensure that they remediate incorrect reports and alert the regulator to any issues before sanctions are imposed.”
Ian Rennie, Managing Director of Kaizen, commented: “We are honoured to have been selected as the winner of the ‘Regulatory Reporting’ category in this year’s WealthTechAsia Awards. It’s vital that regulators can rely on the accuracy of the trade and transaction data they receive in order to be able to spot financial fraud and systemic risk. Our expansion in the region and the services we offer will give both financial firms and the regulators peace of mind and confidence in the quality of the data that is being submitted.”
Earlier this week Kaizen was also recognised at the Asia Risk Technology Awards 2021, winning ‘Governance, Risk and Compliance Solution of the Year’.
In addition to Kaizen’s ReportShield services Kaizen also offers a Shareholding Disclosure Service and following the acquisition of Single Rulebook provides a solution that lets firms search, share and manage the multitude of complex regulatory rules on a single digital platform.
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