Linedata, a developer of financial software for the investment management and credit industries, has rolled out a new version of Linedata Compliance that adds ‘as of’ compliance capabilities and expanded user-defined controls with profile-based rights to the existing platform, according to a company statement.
Linedata Compliance is a regulatory software platform aimed at global custodians, third-party administrators and buy-side firms. The software provides a real-time system that firms can use for comprehensive pre- and post-trade monitoring of investment restrictions and regulatory reporting.
The new ‘as of’ compliance module allows clients to store historical data and run post-trade investment compliance that recreates the portfolio situation of an earlier date, officials say. The expanded pre-trade compliance interface, meanwhile, is intended to allow for easier integration across multiple platforms.
“Our asset-servicer clients require a core compliance environment to meet regulatory demands and lower operational risk,” says Bob Proctor, vice president of front office asset management product strategy at Linedata. “With compliance having shifted from 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.”
Headquartered in Neuilly-sur-seine, France, Linedata has offices around the globe and serves clients in more than 50 countries.
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