11 December 2016
Visit aciworldwide.com

Arkk ships cloud-based AIFMD reporting tech

11 June 2014  |  1979 views  |  0 Source: Arkk Solutions

Arkk Solutions, the UK and Ireland's leading regulatory and statutory reporting software provider, announce the launch of their new XML reporting solution for Alternative Investment Fund Managers falling within the scope of the EC AIFMD regulatory framework, which is due to come into effect on 22 July 2014.

AIFMD has introduced a multiple-set of transparency requirements, reporting of which involves a complex process of data sourcing, validation, calculations, mapping and filing in specific technical format, XML. 

With less than a couple of months to go until the end of the AIFMD transitional period, there is an increasing demand in the fund management industry for easy-to-implement and reliable AIFMD reporting solution. To address this need, Arkk has built a powerful validation and conversion engine that uses an Excel template of the information required by ESMA and converts it to XML for submission to the competent local authority.

Arkk's XML reporting solution is cloud-based which means that it requires no installation and optional systems integration. This further means that there is no lengthy training and specific technical knowledge needed, which leaves fund managers to focus on data quality and reporting. The use of Excel templates also ensures full data control, while the integrated automated validation and data consistency checks provide extra peace of mind.

The solution is specifically designed for all Private Equity Funds, Property Funds and Hedge Funds which fall under scope for AIFMD.

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
Visit capgemini.comFind out morehttp://www.financialcrimerisk.fiserv.com/aml?r=finextra

Top topics

Most viewed Most shared
China tops world fintech rankingsChina tops world fintech rankings
8990 views comments | 39 tweets | 32 linkedin
EBA bends under weight of PSD2 mandatesEBA bends under weight of PSD2 mandates
8416 views comments | 37 tweets | 48 linkedin
Guesswork alone can crack Visa card security - Newcastle UniversityGuesswork alone can crack Visa card securi...
8105 views 12 comments | 15 tweets | 27 linkedin
PSD2 will transform the payments landscapePSD2 will transform the payments landscape
7396 views comments | 24 tweets | 13 linkedin
N26 opens up to 17 European countriesN26 opens up to 17 European countries
6953 views comments | 16 tweets | 22 linkedin

Featured job

to Six-Figure Base, Commission, Benefits
London, UK

Find your next job