Kaizen Reporting
Kaizen Reporting is a UK-based RegTech firm providing independent regulatory reporting assurance to global financial institutions via its Kaizen Hub platform, covering accuracy testing, completeness controls, and governance for MiFID II, EMIR, SFTR, and other G20 reporting regimes.
- Company typePrivate
- Founded2013
- HeadquartersLondon, United Kingdom
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What Kaizen Reporting does
Kaizen Reporting is a London-headquartered RegTech firm founded in 2013 by Dario Crispini that provides independent regulatory reporting assurance to global financial institutions. Its core proposition is forensic accuracy testing, completeness reconciliation and control-framework oversight for trade and transaction reporting under regimes including MiFID II/MiFIR, EMIR, SFTR, CFTC, SEC, ASIC, MAS, HKMA, MMSR and SMMD. The company positions itself as an arms-length validator, citing that 'a large majority of the reports Kaizen tests are valid but wrong' - i.e., passing schema validation but failing real-world accuracy checks - which is the wedge against incumbent first-line controls.
The product architecture centres on the Kaizen Hub platform, a connected regulatory reporting assurance environment that consolidates testing results, analytics, remediation workflows and regulatory expertise. Around it sit the ReportShield suite (Accuracy Testing, Completeness Controls, Control Framework), the SFTR Daily Controls module for real-time delegated-reporting monitoring, and adjacent offerings including MAR360 (market abuse detection), Single Rulebook, Shareholding Disclosure Service, and a CPD-accredited training catalogue. The platform is supported by wholly-owned subsidiaries including London Reporting House (repo market analytics, acquired 2023) and Red Deer (surveillance and research, acquired 2023), as well as an Amsterdam-based European entity.
Kaizen operates an enterprise B2B model with direct field sales, quote-based annual subscription pricing for the platform, and a separate professional-services line for training delivered virtually or as bespoke in-house programmes. It is trusted by hundreds of financial firms globally and has scaled to 101-250 employees across London and Amsterdam. The company is privately held under Kaizen Regtech Group Limited and in November 2024 raised $54.1 million in growth capital from Guidepost Growth Equity to support continued product and geographic expansion.
Kaizen Reporting firmographics
Firmographics- Name
- Kaizen Reporting
- Legal name
- Kaizen Regtech Group Limited
- Website
- https://kaizenreporting.com
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Kaizen Reporting is a UK-based RegTech firm providing independent regulatory reporting assurance to global financial institutions via its Kaizen Hub platform, covering accuracy testing, completeness controls, and governance for MiFID II, EMIR, SFTR, and other G20 reporting regimes.
- Ownership category
- akta.pro rank
Kaizen Reporting industry classification
Industry- Product category
- Regulatory Reporting Assurance Software
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Regulatory Reporting Workflow, Validation & Reconciliation Tools (FSAFAKAK)
- akta.pro secondary industries
- Post-Trade Compliance & Transaction Reporting (MiFID/EMIR/SFTR/CAT) (FSACAJAD), Regulatory Reporting & Compliance for SFTs (SFTR/SEC 10c-1) (FSACAIAH)
Keywords
Where Kaizen Reporting is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices2 records
Markets served
Kaizen Reporting business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Regulatory Reporting Assurance Services: Subscription-based regulatory reporting assurance services including accuracy testing, completeness controls, and control framework services. The company provides ongoing quality assurance testing of transaction reports for financial institutions.
- Training and Education: CPD-accredited training courses for regulatory reporting professionals. Courses include EMIR, MiFID II, MiFIR, SFTR training delivered virtually or as bespoke options for teams.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Pay-as-you-go | MiFID II Post-Trade Reporting Core Training - Virtual four-hour course |
| Subscription | Annual | Enterprise Platform - Kaizen Hub |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels6 records
Kaizen Reporting product offering
Product offeringCore offering
Kaizen Reporting provides independent regulatory reporting assurance software and services for global financial institutions. Its core offering, the Kaizen Hub platform, delivers forensic accuracy testing across 100% of reportable data fields, completeness controls, governance workflows, and analytics for trade and transaction reporting under MiFID II/MiFIR, EMIR, SFTR, CFTC, SEC, ASIC, MAS, HKMA, MMSR and SMMD regimes. The ReportShield suite (Accuracy Testing, Completeness Controls, Control Framework) and complementary solutions (MAR360, SFTR Daily Controls, Single Rulebook, Shareholding Disclosure Service, Training) round out the offering.
Product overview
Kaizen Reporting offers a platform-plus-modules architecture centered on the Kaizen Hub platform. The core platform provides testing results, analytics, workflows and regulatory expertise for reporting oversight. The ReportShield suite delivers three core products: Accuracy Testing (forensic testing across 100% of reporting data), Completeness Controls (independent assurance of complete reporting), and Control Framework (governance and control establishment). Additional modules include Kaizen Training (accredited training for EMIR, MiFIR, SFTR), Single Rulebook (regulation collaboration tool), MAR360 (market abuse detection), Shareholding Disclosure Service, and SFTR Daily Controls (automated real-time SFTR monitoring). The company has also expanded through acquisitions including London Reporting House (repo market analytics) and Red Deer (compliance solutions).
Differentiator
Problem solved
Functional benefit
Brands
- Kaizen Hub: Regulatory reporting assurance platform that brings testing results, analytics, workflows and regulatory expertise together in one place.
- ReportShield
- MAR360
- Single Rulebook
- Shareholding Disclosure Service
- SFTR Daily Controls
Products and services
- Kaizen Hub Connected regulatory reporting assurance platform that brings testing results, analytics, workflows and regulatory expertise together, helping firms identify issues, investigate root causes and strengthen reporting controls across MiFID II/MiFIR, EMIR, SFTR, CFTC, SEC, ASIC, MAS, HKMA, MMSR and SMMD regimes.
- Accuracy Testing (ReportShield) Forensic testing across 100% of reporting data, designed to uncover issues, root causes and control weaknesses that other approaches miss. Part of the ReportShield suite.
- Completeness Controls (ReportShield) Independent assurance that all eligible activity has been identified, reported and submitted correctly, helping firms identify reporting gaps through advanced regulatory reconciliation. Part of the ReportShield suite.
- Control Framework (ReportShield) A control framework solution for establishing and maintaining reporting governance and control processes, supporting evidence of controls and preparation for regulatory scrutiny. Part of the ReportShield suite.
- Kaizen Training Specialist CPD-accredited training designed to help reporting teams build expertise, strengthen controls and navigate regulatory requirements with confidence. Includes accredited courses for EMIR, MiFIR, and SFTR delivered virtually or as bespoke team options.
- SFTR Daily Controls Real-time, automated controls for Securities Financing Transactions Regulation (SFTR) reporting that reconciles trade repository records with agent lender data, flags over-reporting, detects under- or late reporting, and verifies loan and collateral balances.
- MAR360 Market Abuse Regulation (MAR) solution for detection and prevention of market abuse.
- Single Rulebook A tool that helps teams collaborate on regulation to create a single company view and trace decision-making across the organisation.
- Shareholding Disclosure Service Service for managing and reporting shareholding disclosure obligations.
- London Reporting House Provider of real-time transparency and analytics for EU and UK repo markets, integrated into Kaizen Hub.
Quantifiable outcome
- A large majority of the reports that Kaizen tests are 'valid but wrong' - passing validation but containing inaccurate data
- +1 more outcomes
Companies that use Kaizen Reporting
Customer profileNamed customers2 records
Segments2 records
Ideal customer profiles2 records
Kaizen Reporting technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Kaizen Reporting partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered minor and core.
- The Access ProjectminorKaizen partnered with The Access Project to launch an employee volunteering programme focused on coaching young people from under-resourced backgrounds. The partnership provides Kaizen employees with opportunities to volunteer as skills coaches, supporting students to build confidence and develop key skills.
- Red DeercoreKaizen acquired compliance solutions specialist Red Deer to enhance its regulatory technology platform, the Kaizen Hub. The acquisition aims to combine Red Deer's surveillance and research capabilities with Kaizen's services to better serve compliance and regulatory needs of clients.
- London Reporting HousecoreKaizen acquired a majority stake in London Reporting House, a UK-based company specializing in real-time transparency and analytics for repo markets. The acquisition aims to expand Kaizen's offerings by integrating London Reporting House's tools into its Kaizen Hub platform, with initial focus on four core markets and five products.
Scale indicators5 records
Recent moves6 records
Expansion highlights6 records
Kaizen Reporting competitors and assessment
Company assessmentDirect peers
- Adenza (formerly AxiomSL): Adenza, formed via Thoma Bravo's combination of AxiomSL and GoldenSource, is a leading provider of regulatory reporting, data management, and risk solutions for financial institutions. It directly competes with Kaizen across transaction reporting (MiFID II, EMIR, SFTR, CAT) and shareholding disclosure use cases for the same Tier-1 bank and asset manager clients.
- Vermilion Software: Vermilion is a specialist regulatory reporting platform serving banks, asset managers, and corporates with MiFID II, EMIR, SFTR, and other transaction reporting obligations. It is one of the most direct competitors to Kaizen's ReportShield suite for mid-to-large financial institutions seeking outsourced assurance and reporting workflows.
- RIMES Technologies: RIMES provides managed data services, regulatory reporting, and benchmark data solutions to financial institutions. It overlaps with Kaizen in transaction reporting assurance, data quality, and managed compliance services for the same buy-side and sell-side client base.
- Regnology (formerly BearingPoint RegTech): Regnology is a RegTech provider of regulatory reporting, analytics, and supervisory technology solutions to banks, insurers, and regulators. It is a direct competitor to Kaizen across transaction reporting (MiFID II, EMIR, SFTR, FinRep, COREP) and offers a comparable SaaS-plus-services model.
Broad incumbents
- LSEG UnaVista: UnaVista is LSEG's regulatory reporting platform covering MiFIR, EMIR, SFTR, and other regimes, and historically the incumbent in trade reporting validation. Kaizen positions itself as the independent challenger to UnaVista's bundled reporting offering, and several Kaizen senior hires (CEO, CTO) came directly from building UnaVista.
- Bloomberg Regulatory Reporting: Bloomberg offers transaction reporting, surveillance, and compliance tools integrated with its terminal and EMS. It is a broad incumbent in regulatory reporting and competes with Kaizen for budget from large sell-side and buy-side institutions needing MiFID II, EMIR, and SFTR reporting coverage.
- DTCC Global Trade Repository: DTCC operates trade repositories and reporting infrastructure for EMIR, SFTR, and other regimes globally. As the underlying repository for many reports Kaizen validates, DTCC is both an ecosystem partner and an incumbent competitor in end-to-end reporting services for large dealers.
Emerging players
- Corlytics: Corlytics provides regulatory risk intelligence and analytics for financial services compliance teams. While more focused on regulatory horizon scanning and conduct risk than transaction reporting, it overlaps with Kaizen's Single Rulebook and governance offerings for compliance leaders at large institutions.
- DataTrack (formerly known as Lombard Risk): DataTrack (rebranded from part of the former Lombard Risk/ChartIQ business) provides regulatory reporting and collateral management solutions for capital markets. It addresses similar MiFID II, EMIR, and SFTR reporting use cases as Kaizen, particularly for mid-tier financial institutions.
Regional players
- SIX Regulatory Reporting (b<>com / Regdata): SIX offers transaction reporting and regulatory data services across European and Swiss jurisdictions through its Regdata platform. It overlaps with Kaizen in EMIR, MiFIR, and SFTR coverage, particularly for Swiss and European-domiciled institutions.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Kaizen Reporting social profiles
Digital presenceKaizen Reporting financial estimates
Financial estimateRevenue estimate
Valuation estimate
Kaizen Reporting leadership team
Management profileNumber of profiles
Profiles11 records
Kaizen Reporting subsidiaries and ownership
Company hierarchySubsidiaries10 records
Kaizen Reporting funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Kaizen Reporting M&A and investment
M&A and investmentM&A4 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Kaizen Reporting
What does Kaizen Reporting do?
Kaizen Reporting provides independent regulatory reporting assurance software and services for global financial institutions. Its core offering, the Kaizen Hub platform, delivers forensic accuracy testing across 100% of reportable data fields, completeness controls, governance workflows, and analytics for trade and transaction reporting under MiFID II/MiFIR, EMIR, SFTR, CFTC, SEC, ASIC, MAS, HKMA, MMSR and SMMD regimes. The ReportShield suite (Accuracy Testing, Completeness Controls, Control Framework) and complementary solutions (MAR360, SFTR Daily Controls, Single Rulebook, Shareholding Disclosure Service, Training) round out the offering.
Is Kaizen Reporting a public or private company?
Kaizen Reporting is a private company. It is classified as venture growth investor backed and is currently operating.
When was Kaizen Reporting founded?
Kaizen Reporting was founded in 2013. It employs 101 to 250 people.
Where is Kaizen Reporting based?
Kaizen Reporting is headquartered in London, United Kingdom, in the Europe region.
How does Kaizen Reporting make money?
Two revenue lines are on record. Regulatory Reporting Assurance Services are the primary driver. The others are training and Education.
Who are Kaizen Reporting's main competitors?
Direct peers on record are Adenza (formerly AxiomSL), Vermilion Software, RIMES Technologies and Regnology (formerly BearingPoint RegTech). Broad incumbents are LSEG UnaVista, Bloomberg Regulatory Reporting and DTCC Global Trade Repository. Emerging players are Corlytics and DataTrack (formerly known as Lombard Risk). SIX Regulatory Reporting (b<>com / Regdata) is listed as a regional player.
Does Kaizen Reporting have an API?
No public API is recorded for Kaizen Reporting.
What industry is Kaizen Reporting in?
Kaizen Reporting's product category is Regulatory Reporting Assurance Software. Its primary akta.pro industry code is FSAFAKAK, Regulatory Reporting Workflow, Validation & Reconciliation Tools, with a secondary code of FSACAJAD, Post-Trade Compliance & Transaction Reporting (MiFID/EMIR/SFTR/CAT). Its NAICS code is 522320 and its SIC code is 6199.