Securities dealer Ardent to automate compliance functions with SteelEye

SteelEye, the compliance technology and data analytics firm, has been selected by Ardent Financial, a new FCA-authorized securities dealer, to provide MiFID II and MAR compliance services.

Launched on 8th June, automation was a top priority, but Ardent also wanted a unified platform that would increase efficiency and allow them to manage, oversee, mitigate, and prevent regulatory risk for a wide range of regulations and obligations.

“We took the decision early on to automate as much of our compliance set up as possible,” said Aidan Brady, chief operating officer at Ardent Financial, in a statement. “SteelEye enables us to do this, reducing the complexity of what can otherwise be an arduous and painful process.”

After surveying the market and following a recommendation from an existing SteelEye client, Ardent Financial selected SteelEye’s services for market abuse monitoring, transaction reporting, record keeping and more.

“The amount of information collected, stored and used by financial firms has exploded over the past decade. Different data sets spread across multiple platforms and systems makes financial compliance both complex and time-consuming,” said Matt Smith, CEO of SteelEye, in a statement. “By having a data-centric approach to regulatory conformance and offering a suite of integrated compliance modules, we enable firms like Ardent Financial to facilitate effortless compliance whilst automating large parts of their processes.”

Read the full release

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