Kaizen Reporting

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.

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

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

• Regulatory reporting assurance
• Transaction reporting testing
• Regtech software
• Financial compliance platform
• Trade reporting controls

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. 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.
2. 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

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Core 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

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered minor and core.

• The Access ProjectminorStrategic or Co-development Partner · 29 May 2026Kaizen 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 DeercoreStrategic or Co-development Partner · 19 April 2023Kaizen 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 HousecoreStrategic or Co-development Partner · 7 March 2023Kaizen 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

Direct 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

• LinkedInlinkedin.com/company/kaizen-reporting
• Xx.com/kaizenreporting

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries10 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kaizen Reporting