The Beast Apps Minotaur is a MiFID II Compliant Component Integration System that helps banks build, integrate and deploy an asset class neutral MiFID II compliant client-sales-trader workflow system.
The deadline for MiFID II compliance for the industry is January 2018. Most banks have some components built, some need to be modified and some need to be built from scratch or bought. One of the key challenges for banks is how to integrate all these systems and create a complete asset class neutral MiFID II compliant client-sales-trader workflow system. MiFID II covers all asset classes. The regulation is forcing in a workflow change as well. Sales and trader need to become more efficient in providing quotes, pricing and execution. Additional challenge is that whatever this system is, it needs to be highly extensible to accommodate future products and workflows that bank may need to support.
The Beast Apps MiFID II offering includes a complete Asset Class Neutral MiFID II Compliant Client-Sales-Trader Workflow implementation.
Banks can utilize their existing infrastructure and/or components they are building and utilize The Beast Apps genetic integration layer to create a complete MiFID II solution.
The Beast Apps can provide MiFID II components that banks need, including data models for over 100+ products across multiple asset classes.
Minotaur’s versatile portability layer eases pain in bringing various components together quickly, it's asset class neutral data model means all products can become MiFID II compliant and it's rich UI layer allows one to create a complete client-sales-trader workflow solution ready much before the deadline, January 2018.
While evaluating the MiFID II technology needs, some of our banking clients asked us to get a third party, The Disruption House, UK, to create a fintech scorecard for The Beast Apps technology, management and the company that they could use for internal evaluation and vetting. The review process included in-depth questionnaire, technology demonstration, documentation and multiple interviews by their team of experts, each one concentrating on different areas of evaluation.
"TBA scores high on all counts and presents an overall picture of a firm with its finger on the pulse of modern business priorities and techniques, sufficiently in advance of its clients to be a beacon for them in cost cutting for applications that promise new revenue sources." - THE DISRUPTION HOUSE
The Beast Apps Minotaur offers a complete asset class neutral MiFID II compliant client-sales-trader workflow system. The RFQ workflow shows:
Audit Trail Client
Audit Trail Sales
Please call us today at +1-646-688-7500 or email at firstname.lastname@example.org to see the demo of a working system.