Catena Takes Top Innovator Spot in Asia Risk Technology Rankings
11th September 2014 - The Asia Risk Technology Rankings 2014 placed Catena Technologies Pte Ltd in the top position for the Best Innovative Specialist Vendor category based on the company's TRACE™ product, a solution for OTC derivatives trade reporting. The rankings, based on a survey of banks and other financial institutions throughout the Asia region, were focused on financial risk management and derivatives products and services.
Recent G20 mandates have led to broad and deep regulatory reform in the global OTC derivatives markets that, in many cases, require reporting of OTC swap transactions to public trade repositories. Catena Technologies' TRACE product makes it easy for financial institutions and other corporations to report OTC derivative trade information to regulators. It captures, consolidates, and transforms derivatives trade data, and serves as a gateway that automates and manages the end-to-end flow of information between trading systems and trade repositories.
Some of the features that helped put TRACE at the top of the Asia Risk vendor rankings are support for a wide range of asset classes, a configurable rules engine, and dashboards that enable users to effortlessly monitor trade submission status. These product features provide customers with the ability to quickly adapt to new regulatory requirements and proactively manage potential compliance issues.
"We are very pleased to have been designated as one of the region's most innovative financial technology firms," said Aaron Hallmark, CEO of Catena. "This achievement demonstrates Catena's commitment to making TRACE the premier solution for OTC derivatives trade reporting. We are constantly enhancing TRACE to address new regulatory requirements, such as support for additional product types, collateral, and valuation reporting."
Over the past year, TRACE has been extended to support customer needs related to operational efficiency and risk reduction. Automated reconciliation and dashboards that enable remote monitoring and drill-down are two examples of features that have been added to address these areas. New features, such as delegated reporting, are becoming increasingly important to financial institutions, so that they can deliver greater value to their own clients. Further innovations in these and other areas are planned for the coming year.
About Catena Technologies Pte Ltd
Catena Technologies Pte Ltd specializes in architecture, design, and delivery of advanced technology solutions for the financial services industry. Based in Singapore, the company has helped customers around the world, including the U.S., U.K., Japan, Hong Kong, Australia, Singapore, and China. Catena Technologies combines in-depth knowledge of the financial markets with expertise implementing cutting-edge solutions.
For more information, contact:
Catena Technologies Pte Ltd
3 Phillip Street
#10-01 Royal Group Building
Republic of Singapore
Phone: +65 6100 0881
Fax: +65 6399 0881