Finaprins
Solutions for Compliance Departments
At Finaprins, we understand the critical data challenges Compliance Departments face in maintaining regulatory adherence and mitigating risk. Our data engineering expertise can transform your compliance data management from a burden into a strategic asset.
- Your Goal: To accurately compile data from various sources, format it according to specific regulatory requirements (e.g., MiFIR, EMIR, SFTR, AIFMD Annex IV, Form PF, CRS/FATCA), and submit it to regulatory bodies within strict deadlines to avoid penalties and maintain good standing.
- Typical problems/issues:
- Data is siloed across disparate systems (trading, portfolio management, client onboarding) with inconsistent formats.
- Manual data aggregation is time-consuming, error-prone, and resource-intensive.
- Keeping up with frequently changing regulatory reporting templates and validation rules is a constant battle.
- Lack of internal technical expertise or resources to build and maintain robust, automated reporting solutions.
- Difficulty ensuring data lineage and auditability for reported figures.
- High risk of errors leading to re-submissions, regulatory inquiries, or fines.
- What Finaprins does:
We take the complexity out of regulatory reporting by ensuring your data is accurately sourced, transformed, validated, and formatted for seamless submission, freeing your team to focus on oversight. - How Finaprins does it:
- Data Integration & Standardization: We integrate data from your various source systems and standardize it into a consistent format. Our “Trade Data Transformation and Standardization” services, including “Data Models Implementation” (e.g., FpML, CDM), ensure data is structured correctly.
- Automated Data Pipelines: We build and manage automated data pipelines (“AI Data Pipelines,” “Automated data workflows”) to extract, transform, and load (ETL) data required for specific reports.
- Regulatory Reporting Services: We leverage Digital Regulatory Reporting (DRR) frameworks and our expertise to prepare data for various regulatory submissions.
- Data Quality Monitoring: Our “Continuous Data Quality Monitoring” ensures the data feeding into reports is accurate and reliable.
- TradeView Platform: Our platform can be utilized to manage these data flows and provide transparency into the reporting data preparation process.
- Compelling reason to buy:
Achieve timely, accurate, and compliant regulatory reporting with significantly reduced manual effort and operational risk, allowing your compliance team to shift focus from data wrangling to strategic oversight and analysis, while minimizing the likelihood of costly penalties.
- Your Goal: To maintain complete, accurate, consistent, and easily accessible records of all relevant transactions, communications, and decisions, creating a verifiable audit trail that can withstand scrutiny from internal auditors, external auditors, and regulators.
- Typical problems/issues:
- Fragmented data stored in multiple systems makes reconstructing a complete event timeline difficult.
- Inconsistent data formats, timestamps, or identifiers across systems.
- Lack of clear data lineage – difficulty proving where data originated and how it has been transformed.
- Concerns about data tampering or unauthorized modifications.
- Significant manual effort required to gather and reconcile data for audit requests, leading to delays.
- Risk of audit findings due to incomplete or unreliable data.
- What Finaprins does:
We establish a foundation of high-integrity, well-organized data, ensuring your audit trails are robust, trustworthy, and readily available to meet any internal or external review requirements. - How Finaprins does it:
- Data Integration & Consolidation: We integrate data from diverse sources (trade, market, client, communication systems) into a unified and consistent view using services like “Market Data Integration” and “Internal Data Integration and Reporting.”
- Data Standardization & Reconciliation: Our “Trade Data Standardization” and “Trade Data Reconciliation” services ensure data consistency and accuracy across records.
- Data Validation & Quality: “Market Data Validation” and “Continuous Data Quality Monitoring” processes are applied to maintain high data integrity.
- Organized Data Structures: We help implement clear data models and ensure data is “well-organized and easily accessible,” potentially leveraging our TradeView platform for structured data storage or feeds.
- Compelling reason to buy:
Streamline audit preparations and confidently face regulatory scrutiny with easily verifiable, high-integrity data. Reduce the time and cost associated with audits, minimize the risk of negative findings, and enhance overall operational transparency.
- Your Goal: To accurately collect, verify, maintain, and monitor customer identification data and transaction patterns to comply with AML/CFT regulations, identify suspicious activities, and fulfill KYC/CDD requirements effectively.
- Typical problems/issues:
- Client data is often spread across CRM, onboarding platforms, and core banking/trading systems, leading to inconsistencies.
- Difficulty linking all of a client’s transaction activity to their KYC profile for effective monitoring.
- Manual processes for updating KYC information are slow and prone to human error.
- Ensuring the accuracy and completeness of data used for sanctions screening and PEP checks.
- Challenges in reconciling transaction monitoring alerts with existing client due diligence information.
- Poor data quality leads to a high volume of false positives in AML screening, wasting investigator time.
- What Finaprins does:
We strengthen your AML/KYC framework by providing clean, consolidated, and reconciled client and transaction data, enabling more accurate risk assessment, effective monitoring, and robust compliance. - How Finaprins does it:
- Data Integration: We integrate client data from onboarding, CRM, and other relevant systems with transaction data sources.
- Data Standardization & Transformation: We standardize disparate client and transaction data into a unified format, making it suitable for AML/KYC systems and analysis. Our “Trade Data Transformation and Standardization” is key here.
- Data Reconciliation: While our “Trade Data Reconciliation” is specific, the principles are applied to reconcile client identity data with their financial activities to provide a holistic view.
- Data Quality Enhancement: Through “Market Data Validation” (principles applied to client data) and “Continuous Data Quality Monitoring,” we ensure the data feeding into AML/KYC processes is accurate and reliable.
- Structured Data Feeds: We can prepare and provide AI-ready or system-ready data feeds (“AI Data Pipelines”) for your specialized AML/KYC transaction monitoring and screening tools.
- Compelling reason to buy:
Enhance the effectiveness and efficiency of your AML/KYC programs. Improve the accuracy of client risk scoring, reduce false positives in transaction monitoring, ensure data readiness for regulatory checks, and ultimately strengthen your firm’s defense against financial crime.
- Your Goal: To systematically gather, aggregate, and prepare data from various internal sources (e.g., trading systems, HR records for PAD, communications surveillance, gifts & entertainment logs) to support internal compliance monitoring programs, risk assessments, control testing, and management reporting.
- Typical problems/issues:
- Manual extraction of data from multiple, often incompatible, internal systems is laborious and inefficient.
- Inconsistent data formats hinder easy aggregation and analysis for holistic compliance oversight.
- Significant time spent on data preparation detracts from the actual review, analysis, and identification of potential compliance issues.
- Lack of a centralized, up-to-date view makes it difficult to assess overall compliance posture or identify trends.
- Generating timely and meaningful internal compliance reports for management or the board is challenging.
- What Finaprins does:
We automate and streamline the collection and preparation of diverse internal data, providing your compliance team with accurate, consolidated information for effective internal reviews, monitoring, and insightful reporting. - How Finaprins does it:
- Internal Data Integration and Reporting: This is a core offering. We connect to your various internal data sources.
- Data Transformation & Standardization: We transform and standardize data from different systems (e.g., trade data, HR data snippets, communication logs metadata) into a consistent and usable format.
- Automated Data Pipelines: We set up “Automated data workflows” to ensure regular and reliable data collection.
- Data Quality Assurance: “Continuous Data Quality Monitoring” ensures the data used for internal reviews is dependable.
- Customized Data Outputs: We can provide structured datasets or feed data into your existing GRC (Governance, Risk, Compliance) tools or BI platforms, tailored to the needs of specific compliance reviews (e.g., personal account dealing monitoring, training completion tracking, market abuse alert data).
- TradeView Platform: Can serve as a central point for accessing certain aggregated datasets or dashboards for compliance oversight.
- Compelling reason to buy:
Empower your compliance team to conduct more thorough and efficient internal reviews by providing them with readily accessible, reliable, and well-organized data. This leads to earlier detection of potential issues, better-informed decision-making, and more impactful internal compliance reporting, freeing up valuable compliance resources for higher-value analytical and advisory work.
Let's Start a Conversation
Ready to optimize your financial data processes and drive your business forward? We’re here to help. Whether you have questions about our services, need a custom solution, or want to explore how we can support your goals, we’d love to hear from you. Get in touch with us today, and let’s unlock your data’s full potential together.
How much does it cost?
Our pricing model is designed to be transparent, flexible, and cost-effective, ensuring you get the best value for your investment. We offer a subscription-based service where you pay a predictable monthly fee, making it easy for you to forecast and manage your data management expenses.
By leveraging our service, you benefit from significant cost savings compared to building a data project from scratch on your own. Thanks to the economies of scale achieved by our shared data infrastructure serving multiple clients, we can offer competitive pricing. Many common elements across different features are reused and optimized, reducing duplication of effort and costs. This shared efficiency allows us to pass the savings on to you.
Our goal is to provide you with a high-quality, customized solution that meets your specific needs without unnecessary expenditure. The monthly fee consists of two main components: fixed part and variable part.
Fixed fee
Setup, Integration, and Shared Infrastructure
The fixed part of our pricing covers the essential foundational services required to deliver our solution effectively. This includes client acquisition and onboarding costs, where we ensure a smooth transition by understanding your needs and integrating you into our system seamlessly. We handle system integration by connecting with your input files and preparing tailored outputs that fit perfectly into your existing workflows. Additionally, the fixed fee accounts for the shared infrastructure - the minimal yet robust infrastructure necessary to run the service efficiently. By sharing this infrastructure among clients, we provide a reliable and high-performing solution while keeping your costs predictable and reasonable.
Variable fee
Usage-Based Resources and Services
The variable part of our pricing is directly tied to your actual usage, ensuring flexibility and cost-effectiveness. It encompasses expenses related to storage and computing power, which scale based on the number of records or the amount of data processed in megabytes. This means you only pay for the resources you consume. Additionally, it includes the costs of our team members who oversee and manage your processes, ensuring everything runs smoothly. If your solution requires any external licenses, those costs are also covered in this variable portion. This usage-based model allows the pricing to adjust according to your needs, providing a transparent and fair billing system that aligns with your operational demands.
Delivering Our Services: Flexible Options for You
We understand that every organization has unique needs and workflows. That’s why we offer flexible options for delivering our Data Engineering & Reporting services. Whether you prefer a fully managed service where we handle everything for you, or you want to interact directly through our TradeView WebUI or integrate via our API, you can choose the method that best fits your business requirements and technical environment. We’re committed to providing a solution that fits your needs while maintaining the highest standards of security and efficiency.
Managed Service
Delegate all aspects of data engineering and reporting to us. We handle integration and operations without unnecesary changes to your systems, freeing your team to focus on core activities.
TradeView Web UI
The WebUI presents a clean, point-and-click interface that allows business users to interact with complex data engineering processes conveniently, without requiring technical expertise
TradeView API
For custom workflows and automations on your side, our technology-agnostic API enables you to connect from any software, seamlessly integrating TradeView into your existing systems.
Building Tailored Solutions: Our Process Explained
From consultation to prototype to ongoing collaboration, here's how we tailor our service for you.
01
Initial workshop
Our journey begins with an in-depth initial workshop where we engage with your team to collect detailed information about your needs. This collaborative session allows us to gain insights into your data processes and identify areas where our services can add the most value.
Result: A report summarizing our findings, including key insights into your current processes, pain points, and opportunities for improvement.
02
Solution concept
Based on the insights gathered, we develop a tailored solution concept designed to address your specific challenges. Our team creates a strategic plan that outlines how our services will integrate with your systems, transform your data processes, and meet your objectives.
Result: A detailed solution description, typically presented in diagrams and workflow charts, illustrating how the proposed solution will function within your environment.
03
Building a prototype
Upon your approval of the solution concept, we swiftly move to build a prototype to demonstrate the practicality and effectiveness of our proposed solution. This prototype serves as a working model, allowing you to see the solution in action and provide feedback. This phase usually takes three business days.
Result: A minimum viable product (MVP) showcasing the core functionalities of the solution, enabling you to experience its potential benefits firsthand.
04
Target solution
After refining the prototype based on your feedback, we proceed to develop the full-scale, production-ready solution. Our team focuses on ensuring that the solution is robust, efficient, and seamlessly integrated into your existing systems. This development phase typically takes up to eight weeks.
Result: A fully functional, production-ready workflow that enhances your data management processes, ready for deployment in your operational environment.
05
Ongoing cooperation
We engage in ongoing cooperation to ensure that the implemented solution continues to meet your evolving needs. We deliver results on an agreed schedule, continually monitor performance, and make necessary adjustments to optimize efficiency.
Result: Continuous improvement of your data processes, leading to increased efficiency, reduced operational burdens, and better data quality within your organization.
Ask about the problem you want to solve
Most of our processes are bespoke and tailored to specific client needs. Ask about your company’s situation and we will tell you if we can help.
Let's Start a Conversation
Ready to optimize your financial data processes and drive your business forward? We’re here to help. Whether you have questions about our services, need a custom solution, or want to explore how we can support your goals, we’d love to hear from you. Get in touch with us today, and let’s unlock your data’s full potential together.
Contact us
Got data puzzles? We love a good challenge. Drop us a line, and let’s turn your data woes into wows—no magic wand required!