b-next and Catelas collaborate to deliver holistic trade surveillance

b-next, the specialist provider of capital markets compliance solutions, and Catelas, the relationship forensics and behavioural content business, have entered into a new working partnership to deliver a comprehensive, holistic trade surveillance solution.

The new combined offering integrates eComms surveillance suite software from Catelas with CMC:eSuite, b-next’s trade surveillance and compliance solution. Patented Catelas algorithms blend relationship analytics and behavioural science to present compliance officers with an unprecedented view into how business is conducted. b-next’s CMC:eSuite detects market abuse, insider trading, and conflict of interest, as well as derivatives/OTC monitoring, best execution reporting and monitoring of trading activity. The integrated solution helps compliance officers to visualise communications, information barriers, control rooms, watch list networks, and Chat rooms, automatically. This helps compliance officers to identify high-level risks quickly.

b-next CEO, Wolfgang Fabisch commented, “Catelas’ behavioural algorithms uncover how people connect to do business and analyse risk within these networks. Integrating Catelas with b-next trade surveillance, delivers an holistic view of business risks. Together, we help our clients to make smarter, faster, more cost effective risk and compliance decisions. This helps them to meet regulatory mandates, manage risk and drive business efficiencies, while protecting their global reputations.”

Eddie Cogan, CEO and founder, Catelas said, “Our collaboration with b-next pairs Catelas’ eComms surveillance suite with b-next’s powerful automated trade surveillance solution. Together we will deliver a broader, more risk-based and context driven approach to supervision and surveillance.”