Kaizen wins at the RegTech Insight Awards USA 2021

RegTech Insight Awards USA 2021 Website image

London, 1 December 2021 – Leading regulatory technology firm, Kaizen Reporting (Kaizen), has won ‘Best Reporting Solution for CFTC Reporting’ at the RegTech Insight Awards USA for its ReportShield™ Accuracy Testing service.

The RegTech Insight Awards USA recognise both established solution providers and innovative newcomers, seeking to herald and highlight RegTech solutions that throughout the year have successfully improved firms’ ability to effectively respond to the evolving and ever more complex regulatory requirements across the global financial services industry.

Kaizen’s Accuracy Testing is an automated, managed service that tests the quality of trade and swap transaction reporting data reported to the regulator. What makes the service unique is the comprehensive deep testing of all records using Kaizen’s regulatory expertise and independent sources of data, which provides financial firms with full visibility of their reporting quality. The service has been designed to test for all regulatory regimes including CFTC Parts 43 & 45 and SEC Security-Based Swap (SBSR) reporting.

Dario Crispini, CEO of Kaizen, commented: ‘’We are honoured to have been selected by both our clients and the financial users in the RegTech space as the winner of ‘Best Reporting Solution for CFTC Reporting’ at this year’s RegTech Insight Awards USA. There is a huge amount of change coming up for US firms in the regulatory reporting space and it is imperative that firms are able to demonstrate appropriate controls over their reporting obligations. Testing the accuracy of reported data is a key part of these controls so firms can identify where their reporting is accurate and where there are errors – something expected by regulators.”

In May 2022 the CFTC is planning to implement a substantial revision of the reporting rules, known as the CFTC ReWrite, at which time reporting under the new rules is due to commence. Last month, SEC SBSR reporting began for firms, and in February, there will also be a real-time reporting requirement from the SEC.  Accuracy Testing is already live for SBSR reporting and will be ready to test the quality of firms’ reporting for the upcoming reporting changes too.  The swap data reporting rules are part of the Dodd-Frank Act, the US government’s response to the financial crisis in 2007/8.

Earlier this year Regulatory Reporting Subject Matter Expert Alan McIntyre joined Kaizen to further enhance its expertise in North American reporting and in September John Kim joined the Kaizen team as the new Head of Business Development, North America.


  • For more information, please contact James Dunseath, Communications Advisor, on +44 (0) 7557 955795 or media@kaizenreporting.com