Partner Spotlight | STP house

Partner Spotlight | STP House

Published:

July 26, 2022

Over the last 12 years STP house has worked with many banks and Financial Institutions in Israel and Europe, delivering custom high-end tailored projects. STP house specializes in the implementation and creation of financial integration projects. STP house represents and delivers KRM22’s Market Surveillance services to the Israeli marketplace.

STP House is tuned to improving clients’ control of their trading rooms and trading data. KRM22 Market Surveillance is a perfect match for STP client’s needs, and in line with their core expertise of financial data integration and enrichment. To date we have delivered two successful projects together and have now embarked on our third combined implementation.

STP House can work with any number of partners, what was it about KRM22that built this relationship?

For us, the partnership with KRM22 brings two unique values: one is facilitating our clients benefit from the most advance and flexible market surveillance solution, and second, the platform allows us to tailor and customize it to the exact needs of the client. Being a professional services firm, the ability to act independently and tailor the out-of-the-box package to the specific regional needs, without any code changes, is a huge advantage. ​We do all of this in consultation with KRM22, workshopping ideas and finding ways to bring extra value to the customer. We have found KRM22 is a trustworthy partner, tuned to our needs and requests and helping clients and us to create “win-win-win" scenarios.

Can you give us a brief overview of the services you can deliver to customers and how the relationship with KRM22 works?

We tend to do the full project A-Z. from the initial stages of exploring client’s needs, providing key stakeholders and decision-makers a view of what their future state can be through demonstrations and use cases, workshops that define scope and needs, and entire implementation process, including testing and to production. During all these steps there is continuous communication with KRM22’s technical and professional teams. ​Postproduction, STP provides first line of support, ensuring local, customer-focused response to customer queries, and rely onKRM22 for more detailed levels of support. This winning methodology allows us to present a global view with a local accent, which is exactly what our customers are looking for. ​​

 You’re currently in the middle of an implementation of the KRM22 Market Surveillance system, what are the key challenges facing compliance departments in Israel now?

Israel is not an island when speaking about trading. When looking at the market one can see a massive number of channels, venues, and instruments with whom trading is done. Each authority may enforce different regulations and the banks in Israel are under constant pressure to prove compliance with local and international regulations.

Over the last five years, there has been consistent growth in Israeli bank's trading volume and value. Banks in Israel have been compelled into a world where advanced and effective trade surveillance is not a luxury, but a necessity.​This is an area in which the relationship with KRM22 has paid off – KRM22'sexperience with global regulatory regimes has allowed STP to advise and assure our customers that they are able to properly survey their trading activities no matter what and where they are trading.

Finally, and asking you to look into your crystal ball, how do you see the technology landscape changing for Israeli financial institutions over the next3-5 years?

Unfortunately, my crystal ball happens to be in the repair shop this week, nevertheless, I can tell still share some thoughts. Globalization meets competition and reputation. Banks must survive not just the local market but the ability to serve clients and businesses overseas and be chosen by peer banks abroad to be their local trustworthy partner. That makes banks more aware and in control over their reputation and pushes them to invest more heavily in protecting their reputation through technological solutions.

Finally, we are seeing more of an acceptance of the value of cloud-delivered services, and eagerly await the delivery of the new financial data centers in Israel from Amazon, Microsoft, and Google. When these are built, we will have an even greater capacity to deliver value to our customers within Israel.