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The REMIT reporting application is offered through the Impendium Platform, a scalable, secure and built-for-purpose cloud platform that handles the complete lifecycle of REMIT wholesale energy trade reporting from consumption of trade data to reporting to the EU Agency for the Cooperation of Energy Regulators (ACER).
The Impendium Platform enables clients to meet their reporting obligations quickly, simply and with no impact on existing trading infrastructure.
Impendium Launches ICE Powered by Portrait, Industry's First Turnkey Interest Claims Solution for Capital Markets and Treasury Organisations
LONDON -- Impendium Systems, a global provider of operations solutions for investment banks, announces the launch of "ICE", an out of the box interest claims engine to generate and reclaim lost revenue across all cash and securities trades.
ICE is the first of a family of products to be jointly developed and marketed by Impendium and Portrait Software.
Stuart Clark, Impendium Global Product Manager commented, "Due to the complexity and the poor quality of static data within organisations and despite having large operational teams to manage exceptions from trade execution to confirmation matching and settlement, most organisations are lucky to achieve a 90% settlement efficiency rate.
Nick Randall, CEO of Portrait Software plc, commented, "As one of the leaders in operations solutions for treasury and investment banking, Impendium has strong domain expertise in this growth market which we can tap into via this partnership with them.
Rory McLaren, Technical Director of Impendium added, "We're delighted to have worked with Portrait Software on the development of ICE.
Deutsche Borse Market Data + Services has acquired Impendium Systems, a London-based firm that deploys cloud-based software solutions to help customers achieve regulatory compliance in Europe, North America and Asia-Pacific.
The acquisition of Impendium is an important step towards this goal as the firm s focus on high-performance solutions for global regulatory compliance is a strong strategic fit.
Elements, a private cloud platform operated by Impendium, allows customers to be compliant with multiple regulations throughout the world using a single solution.
Apart from EMIR, Impendium s coverage will continuously be expanded to include additional key regulations in Europe and Asia-Pacific.