The new Strategic Partnership with Transaction Network Services (TNS) will open up new frontiers for our Fintech Solutions. The engagement with TNS will help Sensiple offer its solutions globally, across the Americas, Asia Pacific, Middle East and African regions. TNS has been a preferred supplier of networking and integrated data services to many leading organizations in the global payments and financial communities like Goldman Sachs, Barclays, NASDAQ, First Data, Global Payments. TNS is a Billion Dollar Company that offers a broad range of innovative value-added services which enable transactions and the exchange of information in diverse industries such as banking, financial markets, payment processing and telecommunications in over 60 countries across the Americas, Europe and the Asia Pacific region.Sensiple will now host its Regtech solution in Frankfurt to give European Financial Institutions like Banks, Stock Exchanges, Brokerages, Investment Firms etc, fast, secure and efficient access to its critical Regulatory systems. This will help us to make MiFID II compliance easier for financial market participants operating in Europe. It can collect, transform and process regulatory data and generate regulatory reports in specific formats with minimal customization, making it quicker and simpler for firms to adopt a Regtech infrastructure.
"Our vision is to create regulatory and banking solutions for Financial Industries in a cost effective manner. TNS infrastructure would enable us for a simpler and faster error free development and timely reports in a secured way. This partnership offers secured SaaS-based model that will reduce our customer Capex investments and future-proof our service offering." said Kumaraswamy, Managing Director & COO Sensiple.
"We are delighted to be working with Sensiple. Today’s announcement addresses the significant demand for access to innovative and cost-effective solutions that can reduce the burden that MiFID II, SFTR & EMIR has placed on firms" said Stefano Durdic, Managing Director of TNS Financial Services quoted in the press release by TNS on major Fintech Medias.
Over the next five years Europe will be one of the Sensiple’s biggest growth areas as further new regulations are expected to be imposed on the continent. TNS provides Sensiple the ability to shorten its customer onboarding process and provide further competitive advantage by making Sensiple one of the few FinTech providers that can offer a cloud-based solution in a global scale.