The year started with the launch of the Synapse product with Europe’s largest independent equities broker, Redburn, integrating the system. Institutional Asset Manager reported on the launch of Synapse and quoted Matt Norman, Head of Technology at Redburn saying: “We chose FeedStock because of its new automated approach to understanding client interactions and have been amazed by the insights it produces. Almost 10 x more client data captured than our traditional CRM workflows with zero disruption to any client facing staff, whilst delivering continuous insights to our sales and management teams. Both parts of the business win.”
Shortly after that, The Banker ran a video interview with Lucas which discussed FeedStock’s other product Cortex, and its position in the regtech space in the face of MiFID II, Brexit and other regulatory changes.
FeedStock also featured in Deloitte’s report: RegTech Universe: Take a closer look at who is orbiting the RegTech space. The report describes RegTech as the “new Fintech” and explains how RegTech “promises to disrupt the regulatory landscape by providing technologically advanced solutions to the ever-increasing demands of compliance within the financial industry.”
In August the Regtech Times ran an interview with co-founder Lucas Wurfbain entitled “AI driven solutions for compliance and analytics through FeedStock”. The interview looks at how we define “regtech” and how a successful digital transformation strategy will position an enterprise to succeed in this era of rapid regulatory change.
August was a busy month with FeedStock winning Wealth & Finance’s Best Asset Manager Compliance and Analytics Software Provider awards. HFM Global also shortlisted FeedStock for two categories of their Hedge Fund Technology Awards.
RegTech Analyst’s weekly newsletter last week lead with the industry news that regtech companies in Europe raised nearly $305 million across 26 deals in Q2 2019. It was interesting to see that six of the top ten deals where for companies based in London – increasing pressure on margins and fears of political instability are creating a very active and dynamic market. The publication has updated FeedStock’s profile which can be viewed here.
We are heading into the final quarter of 2019 with strong momentum and looking forward to capitalising on the industry’s increasing demand for best-in-class AI solutions.