Scottish Widows Investment Partnership (Swip) has gone live with DST Internationals' (DSTi) post-trade HiCompliance module in the first phase of its implementation of the vendor's front office package, HiInvest.
HiCompliance provides position keeping and compliance checking for front office fund managers and compliance staff.
Susan Ebenston, Swip's chief operating officer, says the firm is pleased with the functionality and the progress that has been made: "Having now automated over 800 rules allows our teams to focus on performance rather than administrative tasks."
As part of this initial implementation, DSTi has developed interfaces between HiInvest and Swip's existing back office software, Paladign.
Ultimately, Swip will be using DSTi's complete HiInvest product set which comprises of order management, decision support and enterprise compliance modules, together with its HiReporting, HiPerformance and HiMarketData applications.
The vendor says this combination will provide the firm with a complete solution from initial data management and cleansing, through to deal execution, performance analysis and client reporting.
HiInvest will initally be deployed at the Swip's offices in the UK, North America and Tokyo.