With the deadline for MiFID compliance less than two years away, Asset Control has partnered with German software developer b-next to address the compliance and market conformity issues raised by the European Union directive’s interest rate requirements.
“Compliance with MiFID is essential for any financial services company operating in Europe and this partnership will enable our customers to incorporate a strong solution well ahead of MiFID’s autumn 2007 live date,” said Bridget Piraino, vice president of marketing and alliances at Asset Control.
The deal between the two software companies calls for b-next to integrate its regulatory compliance suite, MACOC, with Asset Control’s flagship product AC Plus.
“We have started very early to implement a dedicated module for MiFID and our link with Asset Control will produce a high performance, robust solution delivering optimum quality in terms of data and processes,” said Wolfgang Fabisch, managing director of b-next, in a statement.