Kaizen Reporting buys compliance solutions specialist Red Deer
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Kaizen Reporting buys compliance solutions specialist Red Deer 19 April 2023UK Reporter: Bob Currie
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Kaizen Reporting has purchased compliance solutions provider Red Deer for an undisclosed sum.
This follows on the heels of Kaizen鈥檚 acquisition of repo data and analytics specialist London Reporting House in early March.
Red Deer鈥檚 surveillance and research solutions will be available via the Kaizen hub, Kaizen鈥檚 web-based regulatory technology platform that supports a wide range of compliance tools.
The acquisition will add Red Deer鈥檚 surveillance and research capability, currently available through its proprietary technology platform, assisting middle office and compliance divisions in meeting regulatory compliance obligations and identifying cases of market abuse, including spoofing, layering and other market manipulation in exchange-traded and over-the-counter markets.
Red Deer鈥檚 online research tools help firms to manage compliance commitments including Unbundling and Fair Value requirements under MiFID II, while its communications surveillance solutions can screen and trace email and chat conversations for cases of illegal activity.
Kaizen Reporting鈥檚 CEO Dario Crispini says: 鈥淎s a leading RegTech provider, we are always looking to diversify our compliance offering for clients. The acquisition of Red Deer demonstrates our strengths in supporting clients with their regulatory and compliance needs and we are delighted to offer this new range of surveillance and research tools to our clients through the Kaizen Hub.鈥�
Alistair Downes, head of product at Red Deer, adds: 鈥淏y combining the two companies鈥� expertise and technology, we are able to solve clients鈥� regulatory challenges more effectively. Kaizen鈥檚 reputation for delivering leading services in the reporting industry, along with the service and tools we offer, will create an integrated solution for all of a firm鈥檚 regulatory and compliance needs.鈥�
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