An innovative, dynamic team of RegTech professionals looking to help maintain the integrity of financial markets: eflow Global

eflow Global found a problem with the way compliance was working, so it set about trying to fix it. Every day, compliance professionals and decision makers buy bespoke compliance products. This can seem like the best approach - why not go for a solution that’s been built from the ground up, specifically for you? The problem is, that these bespoke solutions come with a shelf life. If you’re not constantly paying for system updates and rebuilds, then that bespoke solution will eventually become outdated, and eventually obsolete. eflow saw the danger of this from the beginning. Instead of building every client system from the ground-up, it decided to build a platform. eflow wanted a standardized platform that could serve as the foundation for any number of client systems, allowing them to be implemented quickly and updated across the board with just a few lines of code.

eflow got that platform when it built PATH. For any given client system, around 70% of what you see is standardized and pre-built by PATH. The remaining 30% is client-specific work carried out by eflow’s development team. This split allows us to continuously update all client systems with minimal effort and, more importantly, with no disruption to you. PATH gives us constancy, adaptability and resilience. There’s no shelf life, no planned obsolescence. When new challenges arise, as they inevitably will, eflow will have a platform built specifically to adapt and improve.

For 2 decades, eflow has been developing a platform which has helped countless firms, from small startups to tier 1 banks, meet the regulatory compliance requirements. eflow’s work in the RegTech space has recently landed us a spot on the RegTech100 list, a list of the 100 most innovative and influential RegTech firms in the world as decided by an impartial panel of experts. eflow’s offerings include post-trade surveillance, best execution and transaction cost analysis, custom and bespoke regulatory reporting, transaction reporting and MiFID II record keeping.

Automation across deal flow saves funds time and brings value

Portfolio BI and eflow Global provide automated end to end deal and compliance solutions in partnership, supporting managers’ growing regulatory and investor requirements.

As the financial market tightens, the strain on managers is being felt more than ever. As regulators harden their stances on non-compliance and markets retain their volatility, managers will increasingly need to adopt new approaches to managing data, front and back office activities and compliance and consumer protection in order to navigate the challenges posed by the current economic climate. Part of this process means embracing technological advancement. It is for this reason that PBI and eflow have partnered to provide end to end workflow efficiency and automation for trading compliance and regulatory oversight.

As pressure to reduce costs and streamline operations increases, manual, resource-intensive approaches to operations and compliance are becoming less and less viable. Because of this, we are seeing a trend towards technological adoption by financial firms. Technology can offer not only a means of improving operational workflow and reducing costs, but a more secure method of ensuring consumer protection and market integrity. 

Sumit Mahajan, Managing Director and Chief Product Officer at Portfolio BI commented, “The team at Portfolio BI have dissected the continuous and growing burden of requirements managers face and, alongside eflow, can implement a seamless universal solution that genuinely supports managers.” As front and middle office specialists, Portfolio BI have developed market-leading OMS and PMS platforms that offer market-leading execution of transactions and their secure management. Mahajan continued “Our technology optimises operations by seeking out cost-saving new paths which can assist in generating higher revenues. Specialising in process-driven automation produces reliable and accurate operational management tools for firms at a fraction of existing costs.”

Douglas Moffat, Chief Revenue Officer at eflow Global, echoed the importance of embracing automation both to improve compliance and increase revenue. “At eflow, we recognise that the importance of automation is far reaching. By embracing new technologies to automate compliance procedures such as transaction cost analysis, best execution monitoring, transaction reporting and trade surveillance, clients can streamline resource allocation, strengthen their compliance procedures, and reduce the risk of harm to consumers.” This adoption of automated technologies, continues Moffat, does far more than ensure a base-level of compliance. “There is an increasingly strong business case for adopting automated compliance workflows. Automation can help reduce overheads, a key component of winning new mandates in a competitive market.”

The increased use of automated solutions to ensure regulatory compliance aligns with a more general push towards improved consumer protection. The use of technology in market abuse monitoring helps to prevent cases of manipulative behaviour, such as insider trading or front-running. While this naturally helps firms meet their regulatory obligations, it equally helps to maintain market integrity and ensure that consumers are protected from unethical trading practices. The use of machine learning algorithms and data analytics to detect unusual trading activity also improves the accuracy and speed of market abuse detection, reducing the risk of harm to consumers.

The use of technology to ensure best execution and streamline operations and regulatory compliance is a crucial step in aligning with consumer protection and regulatory requirements. By reducing costs, improving accuracy, and preventing market abuse, firms can demonstrate their commitment to protecting consumers and maintaining market integrity, which is essential in the current economic climate.

Ben Parker, Chief Executive Officer & Founder

“Our award winning compliance solutions have given buy-side and sell-side financial firms the freedom to thrive with the confidence of knowing that their regulatory compliance is taken care of.”