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KRM22 is pleased to announce a partnership with First International Bank of Israel (FIBI), with the implementation of KRM22 Market Surveillance product. This go live is further evidence of our strategy of providing global, cross asset trade and order surveillance.
Market surveillance is an ongoing challenge for firms. KRM22 Market Surveillance software is used by exchanges, regulators, buy and sell side firms globally, to monitor for market abuse and to carry out a range of data analytics. Our service provides a unique level of insight and context allowing clients to efficiently monitor their business and manage regulatory obligations with confidence.
This will be KRM22’s first go-live in Israel, aided by the partnership with STP House; a financial messaging boutique, focusing on back-office solutions. KRM22 and FIBI have worked closely to implement all 11new controls of the Israeli Securities Authority, a rare achievement for providers in this region.
Daniel Langley, Head of Compliance at KRM22 says: “We are delighted to welcome First International Bank of Israel to the growing KRM22 surveillance community and thanks STP house - our business and delivery partner in Israel - to enable it. We at KRM22 are excited to be helping Israeli banks to adopt and be ready to embrace the changing world of regulation”.
Mr. Nir Nagad, Manager of trading control at First International Bank of Israel says: “We are committed to lead by embracing new technologies, enabling the bank benefit from easy access and advanced analytics over all our trading data across various formats, systems and departments. KRM22 solution has impressed us in terms of BI capabilities, non-intrusiveness, richness of operation and analytics and ease of implementation. Being represented in Israel by STP house, FIBI will benefit from the most advanced data surveillance technology as well as local support. These considerations triggered our decision to adopt KRM22 already in 2021”.
Dael Shalev, CEO at STP House, adds: “We are proud to be selected by First International Bank of Israel to implement and serve KRM22 surveillance solution. KRM22enables the bank to control, track and analyse all their trading data, with endless customization abilities to stand not only local regulation but also global best practices. We look forward to strengthen our services with First International Bank of Israel for long-term cooperation."
KRM22 is a closed-ended investment company which listed on AIM on 30 April 2018. The Company has been established with the objective of creating value for its investors through the investment in, and subsequent growth and development of, target companies in the technology and software sector, with a focus on risk management in capital markets.
Through its investments and the Global Risk Platform, KRM22 helps capital market companies reduce the cost and complexity of risk management. The Global Risk Platform provides applications to help address firms' market, compliance, operations, and technology risk challenges and to manage their entire enterprise risk profile.
Capital markets companies' partner with KRM22 to optimise risk management systems and processes, improving profitability and expanding opportunities to increase portfolio returns by leveraging risk as alpha.
KRM22 plc is listed on AIM and the Group is headquartered in London, with offices in several of the world's major financial centers.
Learn more about KRM22 at KRM22.com.
The First International Bank of Israel (FIBI) is among Israel’s five largest banking groups. FIBI Group provides a wide range of financial products and services to customers with the highest standards of professionalism and service. FIBI group includes the parent company, First International Bank, and its banking subsidiary in Israel - Massad Bank. Together the two banks operate a network of approximately 160 branches. FIBI has assets of over NIS 147 billion and maintains stable capital base that is among the highest in the banking system and indicative of the Group’s financial strength.
STP house is a financial messaging boutique, focusing on back-office solutions with a proven track record in project execution and client care in the US, Europe, and Israel. STP house core value is at delivering financial solutions, implementation services and project management for the financial market. We assist our customers with cutting their operational costs, increasing efficiency, and improving projects execution.