Digital & Technology

Corporate Services using Appway Platform as foundation

Corporate Services offers asset managers and investment advisors a solution to help them meet statutory reporting obligations in accordance with EU law. The CSL Transaction Desk translates the regulatory complexity of transaction reporting–according to article 26 of the MiFIR Regulation, into a user-friendly web interface built on Appway.

The CSL Transaction Desk supports the simple manual recording of transaction data. Following this, the data provided by the banks is imported, validated, and processed. 

“We wanted to design the process to be so streamlined that the complexity that underlies it is barely recognisable anymore for the user,” explains Tino Kesseli, head of IT at CSL. “Appway’s software allowed us to translate European Securities and Markets Authority’s (ESMA) entire 217-page rulebook into a guided process within two web pages. The rapid implementation of our process is down to the flexibility of Appway Platform and the outstanding cooperation with Appway experts.”

CSL developed the Transaction Desk independently, with Appway Platform as its foundation, in just three months. At the beginning of 2018, CSL was able to launch the new solution right on time. “This project success highlights the benefits of Appway Platform in a dynamic market environment,” says Nina Schneider, Head of Solutions at Appway. “Appway Platform not only helps medium and large financial institutions react flexibly to the changing regulatory conditions and competition but also supports solution providers like CSL in offering their clients added value through process simplification and lower transaction costs.”