Bloomberg Acquires RegTek.Solutions to Expand Reporting Hub

Bloomberg announced that it will acquire RegTek.Solutions as part of its strategy to expand its suite of regulatory reporting and data management services. The deal will see RegTek.Solutions, which provides software for firms to meet reporting requirements, integrated with Bloomberg’s regulatory reporting hub (RHUB) and its data and trading systems. Bloomberg said the deal brings the expertise of both firms together to form a systemic service, combining its data enrichment and reporting capabilities with RegTek.Solution’s quality and control tools across various reporting jurisdictions. Upon completion of the integration, clients will gain access to an electronic reporting workflow, including transaction reporting eligibility, data validation, enrichment, and reconciliation. The full terms of the acquisition have not yet been disclosed.