20 February 2018
visit www.nextgenbanking.co.uk/

Icap takes stake in regulatory reporting firm Abide Financial

07 September 2015  |  6519 views  |  0 Icap logo web screen shot

Interdealer broker Icap has made a 'transformational' investment in regulatory reporting outfit Abide Financial.

Established in 2011, the London-based company acts as a reporting hub for Emir, Approved Reporting Mechanism (ARM) for MiFID and Regulatory Reporting Mechanism (RRM) for Remit. Specialised reporting services are also provided for entities subject to international regulatory regimes such as Dodd Frank, ASIC (Australia) and MAS (Singapore).

Icap has made its investment through Euclid Opportunities, its early stage funding programme to support innovative financial technology firms. Euclid Opportunities forms part of the post trade division of Icap, which also comprises TriOptima, Traiana, Rematch, Reset and Icap Information Services. Portfolio companies include Enso Financial, OpenGamma and Duco.

Collin Coleman, CEO and Founder of Abide Financial says the investment - the size of which was undisclosed - will enable the firm to continue to expand its global footprint and capabilities.

"This investment contributes to a crucial growth stage of Abide and helps us scale operations at a faster rate," he says. "Significantly, Icap will also be our client, and Abide will manage their MiFID, Emir and, on behalf of their clients, Remit reporting obligations.”

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

LSE and Boat to build MiFID II trade reporting service

LSE and Boat to build MiFID II trade reporting service

03 September 2015  |  8743 views  |  0 comments | 3 tweets | 4 linkedin
Icap invests in portfolio reporting and data analytics firm EFM

Icap invests in portfolio reporting and data analytics firm EFM

20 June 2013  |  5052 views  |  0 comments | 2 tweets | 1 linkedin
Icap sells Traiana stake to banks

Icap sells Traiana stake to banks

14 January 2013  |  5500 views  |  0 comments | 2 linkedin
Icap makes investment in Model Two Zero

Icap makes investment in Model Two Zero

04 December 2012  |  4811 views  |  0 comments | 1 tweets | 1 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.nextgenbanking.co.ukVisit https://www.capgemini.comvisit www.swift.com/your-needs/instant-payments

Top topics

Most viewed Most shared
Saudi central bank provides sandbox for banks to try out Ripple techSaudi central bank provides sandbox for ba...
11710 views comments | 16 tweets | 12 linkedin
ABN Amro moves escrow accounts to the blockchainABN Amro moves escrow accounts to the bloc...
9333 views comments | 15 tweets | 13 linkedin
ECB launches staunch defence of cashECB launches staunch defence of cash
9161 views 10 comments | 22 tweets | 26 linkedin
Coinbase and Visa at loggerheads over erroneous charges on customer crypto accountsCoinbase and Visa at loggerheads over erro...
7879 views comments | 13 tweets | 11 linkedin
FCA explores creation of global sandboxFCA explores creation of global sandbox
7252 views comments | 19 tweets | 18 linkedin

Featured job

Competitive base + commission + benefits
UK or Germany

Find your next job