- eflow Global, a leader in regulatory compliance technology, is stepping up its presence to support firms across North America, the Middle East, North Africa and Asia-Pacific as eComms surveillance fines surge 602% in Q3 2024
- Ryan Longmire, a senior sales professional within the US Regtech space, joins the team to bolster eflow’s US presence and support its growing customer base
eflow Global, a leading provider of regulatory compliance technology, has announced its plans for international expansion amid a 602% surge in eComms fines in Q3 2024.
As global regulators put firms under more scrutiny than ever, eflow is ramping up its global offering, with significant expansion in North America, MENA and APAC. eflow’s holistic approach to regulatory reporting supports firms through award-winning solutions for market abuse surveillance, best execution, transaction-cost analysis, transaction reporting and eComms surveillance.
So far this year, eflow has secured 46 new clients (53% YoY growth) across the UK, Italy, Cyprus, Germany, Switzerland, UAE, Bahrain, India and the US. These wins take eflow’s portfolio of clients to over 130 global firms, including RBC Brewin Dolphin and Plus 500.
As part of its mission to drive further US growth, eflow has appointed Ryan Longmire as the new Vice President of Sales for North America. Ryan, a former Wall Street trader, has deep knowledge of the market having previously led US sales for several technology vendors.
Ryan’s extensive experience building a brand presence across the financial technology and regulatory software industries positions him as a key player in advancing eflow’s strategy as the company ramps up its expansion in the US market.
Ben Parker, CEO and founder of eflow Global, commented: “The regulatory landscape has undergone a seismic shift in recent years, with the rapid acceleration of new technologies, significant geo-political instability, and the increasingly 'borderless' nature of financial services. In light of this, regulatory pressures continue to rise for firms, and staying ahead of these developments is even more challenging. eflow’s growth is a testament to the industry’s need for a holistic and reliable solution to help firms navigate these changes. Ryan’s appointment demonstrates our ambition to scale in the US market and his industry expertise will be invaluable in helping to shape how we support firms across North America.”
Ryan Longmire, Vice President of Sales for North America at eflow Global, added: “As firms continue to adapt to the evolving regulatory landscape, we’re seeing a growing need for integrated and comprehensive compliance solutions, particularly in the US. I know first-hand how much importance firms place on the consistency and reliability of their regulatory technology, and eflow is delivering on both fronts.”
With the pace of regulation increasing, I wouldn’t be surprised to see the timelines in which firms have to respond to inquiries from US regulators shorten from 72 hours to between 24-48 hours in 2025. eflow’s technology offers firms a rapid and holistic solution to this challenge at a fraction of the cost of the siloed tools offered by many other vendors. Firms will need to stay ahead of these changes, and eflow’s technology will be key in helping them maintain compliance under stricter deadlines.”
For further information please visit the eflow website here.
