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News and resources on regulation, compliance, legal and governance issues for banks and fintechs.

Innocap mandates Fund Recs for reconciliations

Source: Fund Recs

Fund Recs is excited to announce that Innocap, the leading dedicated managed account platform in the industry, has selected Fund Recs to deliver both its EMIR and SFTR reconciliation solutions.

This collaboration is a testament to Innocap's forward-thinking approach to utilise cutting-edge technology to refine compliance strategies and operational efficiency.


Fund Recs' dual solution offering is poised to revolutionise Innocap's EMIR and SFTR related data management and operational workflows. Tailored to enhance both efficiency and compliance, Fund Recs' platform empowers Innocap to streamline their reporting processes for EMIR and SFTR, aligning with regulatory demands while freeing up valuable resources to focus on their principal objective of delivering exceptional platform management services.

The financial industry's regulatory landscape is constantly evolving, with updates like EMIR Refit and the introduction of SFTR posing new compliance challenges. By leveraging Fund Recs' solutions, Innocap is even better equipped to tackle these changes head-on. Fund Recs’ platform's flexibility and adaptability ensure Innocap remains in step with current and future regulatory frameworks, maintaining compliance with ease.


Andrew Savino, Chief Risk Officer at Innocap, shared, "Choosing Fund Recs for our EMIR and SFTR reconciliation needs strengthens our compliance infrastructure and ensures we’re equipped to handle the complexities of today’s regulatory environment. Fund Recs’ knowledge of EMIR and SFTR has allowed us to focus more on the execution of our regulatory data operations strategy, with Fund Rec’s subject matter expertise and support."


Alan Meaney, CEO at Fund Recs, expressed his enthusiasm for the collaboration, saying, “We're delighted to support Innocap with our EMIR and SFTR reconciliation solutions. This alliance underscores our commitment to providing comprehensive compliance support. We look forward to working closely with Innocap, helping them to navigate the regulatory landscape with confidence and efficiency.”


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