Qomply Wins Best Transaction Reporting Solution at WatersTechnology IMD & IRD Awards 2026
Key Takeaways
- Qomply won Best Regulatory Reporting Solution/Initiative at the 2026 IMD & IRD Awards.
- Firms need to know whether reported data matches their books and records and whether they can explain the controls behind it.
- Incorrectly reported amendments or terminations can leave stale open positions at a repository; earlier validation and rolling reconciliation can help identify discrepancies.
- Clients are seeking more continuous visibility as trading models and operating hours evolve.
- The CFTC and SEC are seeking input on potential changes to swap data reporting, with data quality and alignment between frameworks among the topics under review.
Qomply has won Best Transaction Reporting Solution at the WatersTechnology IMD & IRD Awards 2026, held in New York. This recognition reflects a broader shift in US regulatory reporting, where the accuracy and completeness of reported data is receiving as much attention as the mechanics of submission itself.
We spoke with Andee Schneider, Managing Director, North America at Qomply, about what she is seeing in the market and how client expectations are changing.
Andee, Qomply won two US industry awards in 2026. What does that tell you?
Andee: It tells me the market is recognizing the importance of getting the fundamentals right.
Transaction reporting ultimately comes down to confidence in the data. Firms need to know what has been reported, whether it reflects their books and records correctly, and whether they can explain the controls behind it.
That sounds simple, but at scale it becomes difficult very quickly. You are dealing with high volumes, lifecycle events, amendments, terminations, reference data and multiple systems. Strong technology gives firms a way to maintain that control consistently without the operational overhead.
Recognition across multiple US awards points to growing confidence in the expertise and technology behind that work.
What are clients asking for today that feels different from a few years ago?
Andee: They are asking for much more continuous visibility.
Markets themselves are becoming more continuous. We are seeing new trading models, digital assets, prediction markets and longer trading environments. These innovations impact the assumptions firms make about when controls happen.
Reporting teams increasingly want to identify an issue close to when it occurs, rather than discovering it through a periodic review weeks later.
Take lifecycle reporting. If a swap has been amended or terminated, firms need confidence that the change has flowed through correctly and that the position held at the repository still reflects reality. A stale open position can look small in isolation, but across large datasets those issues quickly become a meaningful data quality problem.
That is why conversations are moving towards earlier validation, rolling reconciliation and clearer visibility over open positions.
What are you watching most closely in the US regulatory landscape?
Andee: The discussion around harmonization is particularly interesting.
In June 2026, the CFTC and SEC issued a joint request for public comment on opportunities to modernize and align swap and security-based swap data reporting, with specific focus on data quality, standardized identifiers and reducing unnecessary operational complexity.
That direction makes sense. Good regulatory reporting should give regulators usable information for market oversight while allowing firms to operate controls efficiently.
For firms, it reinforces the importance of understanding the quality of the data itself. As frameworks become more aligned and technology evolves, weak data becomes much harder to hide behind process.
That is where I think the next phase of reporting will be focused: clearer data, stronger reconciliation and controls that operate as continuously as the markets they support.
Qomply continues to expand its presence in North America, combining forensic quality assurance, reconciliation and regulatory expertise to help firms maintain greater confidence in their transaction reporting data. Andee joined Qomply in early 2026 following more than two decades across financial markets, including senior roles at Bank of America Securities, UBS Securities and Trading Technologies.
How Qomply can help
Qomply helps financial firms achieve accurate, compliant transaction reporting across global regulatory regimes, while streamlining the operational and audit demands of regulatory reporting.
Our proprietary technology combines AI, automation and advanced data analytics to deliver scalable, audit-ready reporting intelligence. Through forensic-level quality assurance and streamlined reconciliation, Qomply helps firms strengthen data quality and reporting accuracy, automate controls, simplify audit processes and lower overall reporting costs.
Our technology provides greater oversight and operational efficiency while reducing the demands on internal teams.
For firms seeking to outsource their regulatory reporting operations, Qomply also offers a fully managed service. Combining our technology with deep regulatory expertise, Qomply Managed Services operates as an extension of, or alternative to, an in-house reporting function. This flexible model enables firms to outsource reporting operations while retaining the option to bring activities in-house as their own capabilities and resources evolve.
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Frequently asked questions
Qomply won Best Regulatory Reporting Solution/Initiative at the 2026 Inside Market Data & Inside Reference Data Awards.
As Andee Schneider explains in the article, firms need confidence that reported data matches their books and records and that they can explain the controls behind it. High volumes, reference data, multiple systems, and lifecycle events make that difficult to maintain consistently.
When a swap is amended or terminated, the reported change must flow through correctly. If it does not, the position held at the repository may no longer match the firm’s actual position. The article identifies earlier validation and rolling reconciliation as ways to find such issues sooner.
According to Schneider, clients increasingly want continuous visibility into reporting issues. They want to identify problems close to when they occur, with clearer oversight of lifecycle events and open positions, instead of relying solely on periodic reviews.
In June 2026, the agencies requested public comment on ways to harmonize, modernize, and streamline swap and security-based swap data reporting. Their stated areas of interest include data quality, standardized identifiers, and operational complexity. This is a consultation, not an implemented rule change.
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