JobRouter AG announces UK office expansion: Managing Director Jayesh Patel focuses on Compliance and Regulatory Solutions in Financial Services

JobRouter provides state of the art process automation technology / comprehensive digital enterprise transformation throughout all industries / extension towards financial services enables transparent & secure reporting i.e. required by MIFID II / simple & direct information exchange via cooperation agreements with ARMs and financial messaging service providers.

Mannheim/London, January 2017 - JobRouter AG, the leading solution provider for the digital enterprise transformation and manufacturer of a cross-industry process automation and digitisation platform, is announcing a further expansion in 2017. After the expansion in Morocco, Turkey and Poland, the fifth location is now confirmed to be London, UK, and will extend its focus towards the financial services industry. This is effective as of 1st January 2017. Jayesh Patel, previously Director of Operations at Kofax Optitrade, will head up the business and is initially planning to offer solutions for MIFID II reporting and other data exchange solutions for the financial services industry. Besides this, Jayesh will work closely with JobRouter CEO Fritz-Jochen Weber and CCO Marcus Nagel, to develop even more comprehensive solutions for the overall digital enterprise transformation throughout the most diverse industries.

All Investment Manager and Broker will be required to conform to the new MiFID II ‘Transaction Reporting’ regulations under the European Securities and Markets Authority (ESMA) as soon as possible. They are scheduled to come into effect in January 2018. Going forward, MIFID II regulates how and with which party investment transactions are to be concluded and documented. Hence, financial service providers are obliged to implement the recast MiFID (Markets in Financial Instruments Directive) and Markets in Financial Instruments Regulation (MIFIR), which together are referred to as MIFID II, and share all information with the NCA per Approved Reporting Mechanism (ARM). Pursuant to Article 26 (1) of the MIFIR Directive, other requirements included are:

  • Investment firms “executing transactions in financial instruments” have to report to the National Competent Authorities (NCAs) details of those transactions.
  • Those “complete and accurate details” must be reported to the NCAs “as quickly as possible”, but in any event, no later than the close of the following working day.
  • This is mandatory to enable the NCAs to detect and investigate potential instances of market abuse, and to help the NCAs monitor the functioning of markets and investment firms’ activities.
  • Under Article 26(7) of MIFIR, investment firms may file the reports directly, through an Approved Reporting Mechanism (ARM), or through the trading venue through which a transaction was completed.

Given the stringent requirements, JobRouter will be offering solutions to cover Transacting and end to end reconciliation. Therefore, JobRouter is cooperating with both the Approved Reporting Mechanism institutions (ARM) as well as telecommunication institutions that cover the data transfer between banks worldwide. With this, JobRouter can offer a secure and efficient data exchange between banks, financial service providers, and other parties.

JobRouter AG announces UK office expansion: Managing Director Jayesh Patel focuses on Compliance and Regulatory Solutions in Financial Services

About Jayesh Patel

Jayesh Patel is Managing Director and head of the JobRouter subsidiary in the UK. He has additional responsibility for financial services and has been appointed as the General Manager for Banking solutions. He is an accomplished Business Development Manager with 30 years of experience leading international teams to deliver high-impact Technology Solutions that support Business Change.

The majority of Jayesh Patel’s commercial, operational management and implementation experience has been gained in: Banking, Treasury, Capital Markets, Message Management, Investment Management and Straight Through Processing (STP) solutions. Furthermore, he provides specialist expertise in Trade Capture, Trade Processing Messaging, BPM, and EAI solutions.

Jayesh Patel comes with a wealth of experience within the financial services industry, having spent the last six years at Kofax Optitrade, a worldwide provider of software solutions using Smart Process Applications and process automation. Prior to that he has worked at Singularity, an information technology consulting company with a strong focus on BPM and workflow management, for seven years. Jayesh was instrumental in acquiring a number of Tier 1/Tier 2 corporate banks globally on their messaging and processing platform. 

Jayesh Patel lives and works in London.

About JobRouter

JobRouter AG is a globally leading provider of a cross-industry process automation and digitisation platform for customers of all company sizes. With this, JobRouter supports companies to optimise their workflow, archive their data and documents efficiently and digitise their internal and external business processes. The different JobRouter modules also allow expanding and customising the solutions according to the requirements. This gives companies a comprehensive and tailored system with a variety of agile interfaces.

Together with an international network of around 160 partners and subsidiaries in the UK, Morocco, Turkey and Poland, the JobRouter Group supplies more than 1000 customers worldwide. Including leading companies such as Euromaster, HARIBO, HELMA Eigenheimbau, Hochschule Konstanz, Klöckner & Co., MEYER WERFT, S&G Automobil, Thomas Cook, Universität Bern or ZF TRW

The JobRouter Group is headquartered in Mannheim, Germany, with 96 internationally operating employees. Further information can be found at www.jobrouter.de.

JobRouter AG announces UK office expansion: Managing Director Jayesh Patel focuses on Compliance and Regulatory Solutions in Financial Services

JobRouter® - The Digital Transformation Platform

JobRouter® is a flexible and independent platform for the digital enterprise transformation and helps to digitise and automate any business processes, data or document management. Due to its multitude of agile interfaces, JobRouter® can easily be integrated into any system environment and supports both document-based and data-driven processes. In addition, JobRouter® is entirely web-based and is available as on premise or as cloud solution. It therefore allows to map, manage and monitor processes across all geographies. The JobRouter® platform can also be extended with additional modules, as soon as the business structure changes or further process or application requirements arise. Furthermore, the processes do not get lost with the version change and can be used afterwards without any adjustments.

Press contact

Ivana Pejanović
Team Lead Marketing & Communications

Phone: +49 621/ 4 26 46 245

Write an email to Mrs. Pejanović

Headquarters

JobRouter AG
Besselstraße 26
68219 Mannheim
Germany

Contact form

Internet: jobrouter.de
Twitter: jobrouter_en

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