RegTek Solutions

RegTek Solutions operated as a specialized provider of regulatory reporting and compliance software for the financial industry. The firm was established in 2017 as a spin-out from Risk Focus, a capital markets consulting firm, to specifically address the growing complexities of global trade and transaction reporting. It was co-founded by Brian Lynch, who also served as its CEO.

The company targeted financial institutions, including major G16 banks, that were grappling with an increasing number of rigorous compliance mandates such as MiFIR, EMIR, and SFTR. RegTek Solutions generated revenue by providing modular software solutions that could be integrated into a client's existing infrastructure or used to build new strategic platforms. Its core offering, the 'Report-it' suite, included products like Validate.Trade, Reportable.Trade, and Reconcile.Trade. These tools were designed to manage the full lifecycle of regulatory reporting, featuring capabilities for transaction reporting eligibility, data validation, enrichment, and reconciliation to ensure accuracy and completeness.

A significant milestone occurred in August 2017 when the company secured a $5 million Series A funding round from Deutsche Börse and Illuminate Financial Management, which enabled it to scale its operations. This trajectory culminated in its acquisition by Bloomberg L.P. on August 13, 2019. Following the acquisition, RegTek Solutions was integrated into Bloomberg's Regulatory Reporting Hub (RHUB) to expand its services and provide clients with a comprehensive solution combining Bloomberg's data and analytics with RegTek's specialized quality and control tools.

Keywords: regulatory reporting, compliance software, RegTech, financial software, trade reporting, transaction reporting, capital markets, compliance control, sustainable compliance, Report-it, Validate.Trade, Brian Lynch, Risk Focus, Bloomberg RHUB, financial regulation, data validation, reconciliation software, G16 Banks, MiFIR compliance, EMIR reporting