Linedata (NYSE Euronext: LIN), the global solutions provider dedicated to the investment management and credit industries, today announced the release of the latest version of Linedata Compliance, the award winning platform for global custodians, third party administrators and global buy side firms.
Offering a robust, real-time system with comprehensive investment monitoring, this latest release introduces 'as-of' compliance capabilities and expanded user-defined controls with profile-based rights.
Asset servicers must enable their clients to satisfy stringent regulatory enforcement across many jurisdictions. Implementing a comprehensive, technology-based compliance solution is vital to an organization's strategic planning process and will further differentiate them in the asset servicing market. Driving efficiencies will differentiate and better position firms to deliver value-added service to clients.
Linedata Compliance offers best in class rule coverage along with maker/checker functionality for rule management which will require four eyes review before new or modified rules become effective. A new compliance module offering 'as-of' compliance allows clients to store historical data and run post-trade investment compliance for any selected effective date recreating that portfolio situation at that point in time. Expanded pre-trade compliance API allows for easy integration across platforms to provide a comprehensive and consolidated view of compliance events.
"Our asset servicer clients require a core compliance environment to meet regulatory demands and lower operational risk. With compliance having shifted from being a mere ex-post monitoring element into being a vital and strategic planning tool within an organization, meeting the complex demands of regulators and clients will better position them for future growth." comments Bob Proctor, Vice President of Front Office Asset Management Product Strategy at Linedata. "Linedata Compliance, coupled with our services offerings, including Linedata Disclosure Services, positions our clients for continued success. We continue to innovate to deliver the superior services and solutions that our clients have come to expect from Linedata."
Linedata Compliance focuses on incorporating existing complex business requirements and workflows of compliance officers at fund administrators, global custodians and asset managers into a single compliance solution. The robust, real-time system offers comprehensive pre- and post-trade monitoring of investment restrictions including firm wide, fund specific mandates and regulatory constraints while meeting the most stringent audit trail requirements. Linedata also provides comprehensive compliance managed services including Disclosure Reporting, AIFMD Reporting, Mandate Review and Rule Writing and Reporting Service. It also allows asset servicers to deliver custom service levels to meet the varying requirements and pricing levels necessary for their clients.