Linedata signs three to Compliance product

Source: Linedata Services

Linedata Services, a leader in global financial technology solutions, today announced three new customers have signed contracts for the newest release of Linedata Compliance, version 6.3.

Linedata Compliance delivers best of breed, enterprise-wide compliance monitoring and risk management to asset management organizations around the globe.

Linedata Compliance expands its international presence with the upgrade of longtime SPICE customer, Dexia Fund Services, based in Luxembourg. In the coming months, Dexia will be taking advantage of the comprehensiveness of Linedata Compliance as they use it to support global rule sets for regulatory agencies in Italy, Singapore and soon Spain. Additionally, two further customers have been signed-up to Linedata Compliance. One in the US, a large US-based money management firm, recently contracted for Linedata Compliance with deployment scheduled for early 2005.

"Linedata Compliance offers unrivalled speed, flexibility and scalability to the asset management community by using an N-tier, multi-threaded architecture," commented Pascal Xatart, Managing Director, Linedata Services Asset Management. "I am delighted that the market is embracing it with such enthusiasm. We continue to see clients and prospects turn to us to support their increasingly complex compliance needs. As regulations continue to tighten, investment firms need the assurance of a secure system, without sacrificing speed. Linedata Compliance is a comprehensive global solution that provides the security and speed needed in today’s markets."

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