London, 29 September 2021 – Leading regulatory technology firm, Kaizen Reporting has won ‘Governance, Risk and Compliance Solution of the Year’ at the Asia Risk Technology Awards 2021 for its ReportShield Accuracy Testing service.
The Asia Risk Technology Awards recognise firms that are doing the most to help the industry meet its various challenges in innovative and forward-looking ways. The awards, now in their 16th year received over 180 entries.
Kaizen’s Accuracy Testing is part of the company’s ReportShield™ suite of services, which help financial firms meet their reporting obligations and effectively manage their regulatory risk. The service is tailored for global reporting regimes including MAS, HKMA, ASIC, MiFID II, EMIR, Dodd-Frank, SFTR and FinfraG. Kaizen’s Accuracy Testing is unique in being able to fully assess the quality of the data that firms report to the regulator.
Blake Evans-Pritchard, bureau chief for Asia Risk, commented: “Providing a high standard in management and implementation of risk and regulatory technology has never been more important. The examples that Kaizen provided in their entry displayed innovation, creativity and use cases that put it ahead of all other entries in this space. The panel of industry judges were unanimous that Kaizen was the standout entry.”
Dario Crispini, CEO of Kaizen, commented: “It’s a great honour to have won ‘Governance, Risk and Compliance Solution of the Year’ at this year’s Asia Risk Technology Awards. Regulators in Asia expect the highest quality and accuracy in data they receive, in order to spot both financial fraud and systemic risk in the markets. At Kaizen we provide the services and solutions which enable clients to be fully compliant with their reporting obligations.”
As part of Kaizen’s continued expansion, it has introduced two new services over the past year. Firstly its Shareholding Disclosure Service which provides an automated shareholding monitoring and reporting solution to financial institutions who are exposed to disclosure requirements. In addition, Kaizen has acquired Single Rulebook and in doing so now provides a solution that lets firms search, share and manage the multitude of complex regulatory rules on a single digital platform.
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