Media release: Kaizen announces an excellent 2017, with new clients, offices and award wins
For immediate release – Thursday 14 December 2017
Kaizen Reporting, the leading provider of regulatory reporting quality assurance, has had another very successful year. Strong demand for Kaizen’s automated testing services has seen it double its client base and number of employees, which necessitated a move to new offices. Kaizen has also extended its services to cover more G20 jurisdictions and regulations including EMIR 2.0 and the upcoming MiFID II. Kaizen was recognised for its pioneering approach to quality assurance with the Queen’s Award for Enterprise, one of the UK’s highest business accolades.
Dario Crispini, Kaizen CEO, says, “2017 has been a fantastic year for Kaizen and I think we will look back on this year as our ‘breakthrough’ year. Demand for our services has really taken off. Our revenues have grown by nearly 150% and we have signed a large number of new clients including four tier 1 banks and several of the world’s biggest asset managers, hedge funds and brokers; we also made some significant new hires. 2018 is looking to be just as successful with new services, partnerships and growth already in the pipeline.”
As well as winning the Queen’s Award earlier this year, Kaizen’s flagship ReportShield™ service also won Best Compliance and Regulatory Solution at October’s Fund Services Awards.
Crispini added, “The awards we’ve received have been the icing on the cake this year and we see them as further acknowledgement of the impact our services are having on the industry. Regulatory reporting is getting more complex and challenging for firms, but we take that burden away from our clients and give them confidence in their reporting.”
ReportShield™ provides firms with an automated set of controls that give full transparency of reportable data, detecting even minor errors. This gives financial firms the ability to identify and manage their regulatory reporting risks, building real confidence in their reporting – and most importantly, avoiding regulatory censure.
Dario continues, “Looking ahead to 2018, the MiFID II pain will continue and we expect firms to turn their attention to the deployment of appropriate controls for MiFID II. At the same time EMIR and DFA reporting quality, resulting in remediation of reporting issues, will become more important, along with the challenges of SFTR implementation and the impact of the Senior Manager’s Regime on reporting.”
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