+++ The RegTech company acarda, specialist for integrated regulatory data management and reporting solutions, is a new member of the LPA Group.

+++ The compliance platform arep is now available to all LPA customers worldwide for an efficient coverage of regulatory requirements.

+++ The focus is to provide transparent SaaS solutions and services for asset managers, deposit banks and service providers in Europe and Asia. A team of more than 400 employees provides support in this area.

 

September 08, 2020 – acarda, the leading provider of innovative solutions for regulatory reporting and data management, announces today that it has joined the LPA Group.

The LPA Group is one of the world’s leading developers and consultants for technology-based capital market solutions (CapTech) for banks, insurance companies and fund providers. The core business of the multi-award-winning group is the CapTech suite, a portfolio of leading technology solutions for automated consultancy, sales and documentation for financial instruments, structured products and OTC derivatives. The products and services of the LPA Group help financial services companies in their capital market activities to automate their necessary advisory and regulatory documentation processes, thereby increasing their efficiency and achieving full compliance.

RegTech acarda specializes primarily in the automation of regulatory reporting and in automated data management. One of the company’s USPs is the proprietary cloud-based SaaS (Software-as-a-Service) platform, arep. This automates the entire reporting process irrespective of the IT systems on which asset managers, service providers or insurance companies operate their business. In addition to European reports and data templates such as AIFMD, Solvency II, PRIIPS/MiFID II, CRR, ESG/SFDR and CSDR arep covers country-specific reports, for example for BaFin, CSSF, FCA and BVI.

As of now the LPA Group and acarda will jointly force the market entry into the attractive digitalization and transformation business in asset management and increase its expertise and technical know-how in the field of automation. For the company, which also includes the CapTech Modality, startup AAAccell, which has received many awards for its innovations, and EffCom, the win of acarda represents a further step toward becoming the global CapTech market leader.

Founded in 2006, acarda is mandated by over 40 leading international suppliers and employs around 50 people at locations in Frankfurt/Main and Luxembourg. Among its customers are leading asset management companies in Germany, Luxembourg, France, Austria, UK and Ireland . At LPA in Frankfurt/M. and at ten other locations, including Tel Aviv, London, Zurich, New York, Paris, Barcelona and Singapore, nearly 400 technology and capital market experts are currently working for an international client portfolio. The companies will intensify the exchange of know-how, the development of markets and the use of synergies under the umbrella of the group in the future.

The inclusion of acarda was preceded by a successful collaboration and test phase lasting several months. Since April 2020, the two companies have been working closely together, successfully exploiting sales synergies and setting up initial technology and interface projects. With a view to the future, LPA and acarda plan to work closely on joint products and to develop further ancillary segments. The two managing directors of acarda, Gerhard Jovy and Ali Karaca, will be taking on a leading role.

Gerhard Jovy, Managing Director at Acarda: “In asset management in particular, there is increasing demand for a central software platform that covers regulatory requirements. And a succession of new requirements promises further growth potential. Combined with the technology and consulting expertise of the LPA Group, we will be able to serve customer needs in this segment even better in the future. We look forward to a successful collaboration and to developing new products and solutions together.

Peter Schurau, CEO of the LPA Group: “Our aim is not only to help shape the global market for CapTech and technology-centric transformation services, but to lead it. Innovative IT transformation that can be implemented immediately is in high demand in the financial industry. That is why we want to grow not only organically, but also through acquisitions. I am therefore delighted about the transaction with acarda because the company perfectly complements the LPA Group. From our very fruitful cooperation with Gerhard Jovy, Ali Karaca and their team in the past, we can expect further product innovations for the global financial world.”

Stefan Lucht, co-founder and managing partner at LPA: “There is enormous potential for process automation not only in the capital market sector but also in the entire financial industry, both for users and for providers. With the acquisition of acarda, we are proud to now be a highly competent solution provider for asset managers and insurers. acarda’s automated reporting solutions provide real value for our customers worldwide and increase our footprint in the digitalization of time-consuming processes.”