BFSI Regulatory Testing

Stop finding out about a failed trade from an auditor

We validate the regulatory reporting, market infrastructure connectivity, and post-trade processing systems that banks, broker-dealers, and asset managers depend on — DTCC integrations, ISO 20022 migrations, Broadridge platforms, and the reporting regimes your compliance team is measured against.

Book a 20-minute BFSI compliance scoping call Book a 20-min call

Why ThoughtCoders

US, Canada & UK overlapWorking hours planned around your team, not just ours.
One point of contactA named lead owns the engagement end to end — no ticket queue.
NDA on every engagementSigned before we see a single ticket or line of test data.
Scale up or down monthlyNo multi-year lock-in — resize the team as the release calendar changes.

Who this is for

Banks, broker-dealers, and asset managers running trade reporting, settlement, or KYC/AML systems with a release cadence that outpaces manual reconciliation.

Especially relevant if you are mid-migration on ISO 20022 (MT-to-MX) or onboarding a new DTCC or Broadridge connection and cannot afford a field-mapping error.

What you get

20-30 test cases covering DTCC connectivity (NSCC clearing, DTC settlement, ALERT SSIs, CTM matching) or your specific in-scope integration
Field-level validation of trade and transaction reports against the regimes you report under (Dodd-Frank, EMIR, MiFID II, SFTR)
ISO 20022 MT-to-MX schema and field-mapping validation with parallel-run message comparison, if a migration is in scope
Cross-system reconciliation checks between DTCC/Broadridge output and your internal books and records
A defect log with severity classification and reproduction steps for every discrepancy found
Sign-off documentation formatted for compliance and audit stakeholders
A handover session walking your team through test coverage and how to extend it

Timeline & process

Week 1

Regulatory scope & system mapping

We map applicable regimes, DTCC/Broadridge touchpoints, and messaging standards to define exactly which systems and reports are in scope.

Week 2

Test data & schema design

Test data covering relevant instrument types and jurisdictions is prepared, and message schemas are validated against DTCC, SWIFT, and ISO 20022 specifications.

Week 3

Validation & reconciliation execution

We run field mapping, message, and reconciliation checks across DTCC, Broadridge, and your internal systems, logging every discrepancy found.

Week 4

Sign-off & handover

Defects are triaged with your team, sign-off documentation is prepared for compliance stakeholders, and we walk through the full test record.

What we need from you

Access to a UAT/SIT environment connected to DTCC, Broadridge, or the relevant test endpoints
The specific regulatory regimes and reporting specifications you need validated
A contact on your compliance or operations team who can confirm expected field mappings
Sanitised or synthetic trade data representative of your real volumes and instrument types

Proof, not promises

Not in scope, so there are no surprises

Legal or regulatory advice — we test against the specification you give us, we do not interpret ambiguous regulatory text for you
Full penetration testing or a formal security audit of your infrastructure
Coverage for market infrastructure connections not confirmed in scope at kickoff (adding a new one mid-engagement is a change order, not scope creep on our end)
Ongoing monitoring after sign-off — available separately as a retainer
Building or fixing the underlying reporting or messaging systems — we test and report, your team or platform vendor remediates

Find your regulatory reporting gaps before an auditor does

Twenty minutes, no slide deck. Tell us which regimes and market infrastructure connections you run, and we will tell you where the coverage gaps likely are.

Book a 20-minute BFSI compliance scoping call