Linedata, a solutions provider, announced the release of the latest version of Linedata Compliance, the firm’s back- and mid-office technology for global custodians, third party administrators and global buy side firms.
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.
The newest iteration includes enhanced supervisory coverage along with maker/checker functionality for rule management which will require four sets of officer eyes review before new or modified rules become effective.
Compliance offers users a real-time system with comprehensive investment monitoring, and this latest release introduces ‘as-of’ compliance capabilities and expanded user-defined controls with profile-based rights. ‘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.
Linedata upgraded its Compliance service to prepare for future regulatory requirements. The firm noted 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 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.
