Syneco Joins Fidectus' Regulatory Reporting Hub

Exciting news from Fidectus! We're thrilled to announce our partnership with Syneco, a major player in the energy services sector.

About Syneco:

Syneco is a dynamic company, that is transitioning from a traditional trading house to a comprehensive process provider for all stages of energy procurement. As the energy market undergoes significant changes, Syneco is at the forefront of innovation, offering tailored solutions to meet the evolving needs of municipal utilities and network operators.

In collaboration with partners, Syneco addresses the challenges faced by municipal utilities, actively shaping the future of energy and water management. Their commitment to excellence is evident in their array of services and system solutions, designed to drive efficiency and cost savings for energy suppliers and network operators.

Syneco's offerings include Synection, a cutting-edge portal for process digitalization and automation, along with continuous automated market access, energy trading services, and comprehensive market data and information. Additionally, their expertise extends to energy logistics, portfolio management, and risk mitigation strategies.

With a focus on delivering the highest process quality while minimizing procurement costs, Syneco strives for long-term partnerships based on mutual trust and collaboration. Their overarching goal is to empower clients with streamlined processes, leveraging technology and innovation to drive success in an ever-changing energy landscape.

Onboarding the Fidectus' Regulatory Reporting Hub, helps their mission so the company now can benefit from the:

1. Automated Reporting: saved time, eliminated manual sources of errors,  and reduced operational costs.
2. Unified Regulatory Channels: Your entire regulatory compliance process across multiple regulations can be accessed through a single hub.

3. Visibility and Control: Such a single hub access provides visibility and control over your entire regulatory compliance process.

4. Adaptability to Changing Requirements: Stay compliant despite changing requirements, as the hub always adheres to industry standards and certifications covering regulations like EMIR REFIT, GATE, US-Dodd-Frank (SDR), and more.

5. Enhanced Efficiency: Benefit from a streamlined reporting process with the highest security standards, data protection measures, and an immutable audit trail, leading to increased efficiency in regulatory compliance.

Learn more about the Fidectus' Regulatory Reporting Hub finding answers to the most frequently asked questions here.

About Fidectus:

Fidectus’ focus is post-trading done right! It developed a Global Energy Network (GEN) that comprises three OTC post-trading hubs. Each hub has a set of tools to improve, unify, and automate settlement, confirmation, and regulatory reporting processes. Fidectus’ partner ecosystem maintains multiple native interfaces with ETRM vendors such as Endur, Allegro, Triplepont, Molecule, and others. Using the hubs results in reduced time to confirm and settle, increased trading performance, and enhanced decision-making.

For more information about Fidectus and its ecosystem partners, please get in touch with info@fidectus.com or visit www.fidectus.com.