Viteos launches regulatory reporting platform

Source: Viteos Fund Services

Viteos Fund Services, a leading global administrator and middle office solutions provider, today announced the latest in a series of strategic deliverables designed to mitigate the regulatory burden facing investment managers worldwide.

Viteos' offering is the industry's first comprehensive regulatory reporting platform that meets the requirements of current major regulatory filings as they relate to financial, risk, investor, and trade data including those mandated by: SEC/CFTC Form PF and CFTC Form CPO-PQR in the U.S.; and AIFMD filing requirements in Europe.

As managers face challenges of proficiency, cost, and time associated with regulatory burdens, Viteos has devised a solution that has multiple advantages for managers and operations.

First, the web-based platform intelligently captures and normalizes data from multiple sources, addressing the information overlap that underlies many of the current regulatory reporting mandates. Viteos then extracts information from one uniform database in the appropriate format(s), resulting in consistent data across all regulatory filings. Managers can either opt for the full suite of regulatory filings or select specific filings to which they are subject.

Second, as many of the questions contained in the forms are subject to interpretation, Viteos provides added value consulting and accounting services, designed to provide domain expertise which may not be available in-house.

Finally, Viteos eases the burden on operations and compliance personnel, by providing important workflow features such as audit trail and mock filing section-based review - resulting in an efficient, cost-effective, routine and repeatable process over time. This frees up operations managers to focus on tasks and initiatives to support alpha generation, rather than on regulatory administration. Said Shankar Iyer, Viteos CEO: "Fund managers today are increasingly constrained by the challenges around capital raising and performance returns on AUM in an intense competitive environment. More so than ever, managers are focused on 'value' based operations. They don't need to be distracted by regulatory and administrative tasks - that shift their attention to operations - in which they may not have demonstrable expertise. Our approach relieves this burden and enables them to have the assurance that the regulatory side of their business is being addressed." 

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