Regulatory reporting technology provider TRAction Fintech announced on Monday that it has formed a new partnership with Pinnacle Investment Management.
Pinnacle is a specialist asset management firm that runs an affiliate model. In simple terms, Pinnacle partners with fund managers and provides the regulatory support they need to set up and operate their fund. They then help them market and sell their funds to retail and institutional investors.
“We are delighted to partner with Pinnacle Investment Management for their EMIRand ASIC reporting requirements,” said TRAction Fintech Co-CEO Quinn Perrott. “By implementing TRAction’s services, Pinnacle’strade reporting process will be streamlined and updated in line with regulatory changes, allowing them to concentrate their resources on their core products and services.”
In a statement, TRAction said that they will be providing technology to Pinnacle so that they can simplify their trade reporting to meet the regulatory standards of the European Market Infrastructure Regulation (EMIR) and Australian Securities and Investments Commission.
Alongside this, TRAction will provide assistance to Pinnacle in ensuring that they remain compliant with trade reporting standards. The partnership should mean that Pinnacle commits significantly less time and resources to trade reporting.
“Pinnacle Investment Management is pleased to collaborate with TRAction and leverage their specialist knowledge and expertise in the complex regulatory technology area to ensure all our trade reporting obligations are met,” said Pinnacle CEO Dan Longan. “By working with specialists in their fields Pinnacle can offer a broad range of services to support our affiliated fund management businesses, so they can focus on investment excellence.”
