Baymarkets separates its business into two standalone companies

Baymarkets separates its business into two standalone companies

Stockholm, Sweden. April 10 2018. Baymarkets Technology AB (Baymarkets), a leading Nordic provider of FinTech solutions, announced today that it has separated its current business into two independent companies, Reg&Tech Solutions AB (Reg&Tech) and Baymarkets AS.
Reg&Tech Solutions AB is a new company created by three of the previous founders of Baymarkets and Reg&Tech’s CEO, Per Andersson. Reg&Tech delivers the latest in Big Data automation, addressing the regulatory challenges facing financial institutions around the globe.
Baymarkets will continue to provide FinTech solutions to marketplaces and clearing houses, based on the Clara clearing platform, and will be led by Tore Klevenberg as CEO and Peter Fredriksson as Chairman.
“The financial markets are rapidly becoming fully electronic, driven by regulations and new enabling technologies” says Per Andersson, CEO of Reg&Tech Solutions, he added “There is a strong demand for solutions and platforms that automate and streamline the business processes to comply with these new regulations as well as to increase operational efficiency.”
Tore Klevenberg, CEO of Baymarkets commented “I’m looking forward to this new phase in the development of Baymarkets’ clearing and marketplace offering.” He continued “The Clara platform has proven to be very efficient at addressing all the demands of a modern clearing solution.”
*** END ***
About Baymarkets
Baymarkets is a provider of FinTech solutions to the financial services industry. Baymarkets experience has been gained building and operating multi-asset exchange and OTC trading and clearing solutions for some of the largest firms in the industry. These include banks, brokers, exchanges, CCPs and technology providers.
To find out more visit www.baymarkets.com
About Reg&Tech
Reg&Tech Solutions is a newly founded RegTech provider that focuses on legal and regulatory compliance solutions to the financial services industry. The team combines its financial industry expertise with Big Data automation technology to deliver leading RegTech solutions.
To find out more visit www.regandtech.com