Compliance Solutions Strategies Named to CyberTech100
CSS awarded for its technology and service offerings which enable clients to take a proactive approach to cybersecurity risk management
NEW YORK, June 8, 2021 – Compliance Solutions Strategies (“CSS”), a leading RegTech platform providing technology-driven solutions which assist financial services firms in meeting their regulatory compliance requirements, today announced its inclusion in the CyberTech100. Compiled by FinTech Global with winners selected by a panel of industry experts and analysts, the annual list recognizes the world’s 100 most innovative providers of digital solutions helping financial services firms fight off cyberattacks and protect their data assets.
The CyberTech industry has experienced tremendous growth as recent well-publicized cyberattacks have resulted in extensive disruptions to the global supply chain. A combination of factors is driving increasing levels of vulnerability. As all companies become increasingly reliant on technology and data management infrastructures, cyberattacks are growing in number, complexity and sophistication.
CSS addresses regulatory, business and operational risks across the global investment management industry, supporting a broad scope of institutional asset managers, hedge funds, private equity firms and insurance companies. With its selection to the CyberTech 100, CSS continues to build momentum and deliver market-leading cybersecurity solutions and services for dark web monitoring, policy and procedure development and review, security testing, cyber training and preparedness assessments. CSS’s expertise in regulations governing the protection and use of personally identifiable information (PII), such as GDPR and the California Consumer Protection Act (CCPA), is increasingly being leveraged by investment managers and advisers seeking to implement the controls necessary for properly managing data related to investors and employees.
“We’re thrilled to be included among the world’s most innovative cybersecurity companies,” said E.J. Yerzak, Head of Cyber IT Services at CSS. “CSS uses AI-based technology backed by in-house regulatory and cybersecurity expertise to partner with firms in the development of a comprehensive cybersecurity risk management program. The latest cyber news has accelerated the need for clients to take a more proactive approach to evolving the strength and maturity of their cybersecurity defenses.”
Compliance Solutions Strategies acquiert AMFINE
Combination Creates First Fully End-To-End Compliance Reporting Platform
NEW YORK, September 10, 2020 – Compliance Solutions Strategies (“CSS”), a leading RegTech platform providing technology-driven solutions which enable financial services firms to meet mandatory regulatory compliance requirements, today announced the acquisition of AMFINE (“AMFINE”), a provider of SaaS-based regulatory reporting services to European asset managers, asset servicers and insurers. With offices in Paris and Luxembourg, AMFINE serves a top-tier client base and offers a modular and multilingual solution across multiple jurisdictions for the production and distribution of documents covering the full breadth of regulatory reporting and marketing disclosure obligations.
The combination with AMFINE reinforces CSS’s position as a leading RegTech solutions provider to the investment management market with a comprehensive global offering across fund reporting, transaction reporting, investment monitoring and compliance management. Adding AMFINE’s regulatory reporting solutions, including the production of UCITS KIIDs and PRIIPs KIDs, fund prospectuses and marketing factsheets, will enable CSS to deliver a complete end-to-end fund reporting solution that is unmatched in the market, leveraging integrated data management, regulatory reporting software and document production capabilities. The acquisition also provides CSS with increased scale and reach, adding to its roster of Tier 1 clients and extending its presence and operating base in the heart of the European funds market.
The acquisition of AMFINE represents a further investment in the evolution of the CSS platform and will result in compelling strategic benefits to clients:
- Providing end-to-end management of the regulatory reporting process from data aggregation and enrichment through to document production and distribution.
- Delivering an enhanced value proposition with the necessary scope and depth to support enterprise risk control, TCO and scalability objectives.
- Creating the potential for a deeper strategic partnership by addressing a critical reporting requirement through the use of a world-class Compliance-as-a-Service (CaaS) platform.
“We’re delighted to welcome the AMFINE team to CSS as we further develop our platform and extend our market coverage,” said Doug Morgan, CEO of CSS. “AMFINE bring highly complementary product capabilities and a stellar reputation earned by helping clients manage complex reporting requirements. With both organizations sharing a strong commitment to customer success, we’re excited to work together to enhance our global regulatory reporting solution and address a broader scope of our clients’ compliance needs.”
Confluence’s Proven Reporting Platform Addresses New Reporting Requirements of Private Fund Rule
The platform solves unprecedented private fund data challenges while delivering accuracy and efficiency to the private fund industry.
Pittsburgh, PA, December 14, 2023 – Confluence Technologies, Inc. (“Confluence”), a global technology solutions provider for regulatory and investor communications for the investment management industry, announced today its best-in-class reporting platform will address the periodic and shareholder reporting requirements detailed in the SEC’s Private Fund Rule , and a wide range of private fund data and reporting challenges, delivering accuracy, efficiency and speed as the deadline fast approaches.
Confluence’s reporting platform has for decades enabled the investment management industry to meet regulatory and shareholder reporting needs. Confluence is uniquely positioned to help the private fund industry meet evolving regulatory demands with its comprehensive reporting solution, integrated data aggregation, enrichment and management capabilities, robust performance analytics, innovative use of AI for reporting reconciliation, and three-decades of regulatory and shareholder reporting experience.
“Our market-leading reporting capabilities give the private fund industry the power to address the incredibly onerous undertaking of Private Fund Rule reporting. Private fund data often exists disparately across funds, structures and clients, making structured reporting a significant challenge. With over three decades of experience helping the investment management industry meet ever-changing regulatory requirements, our reporting platform positions us perfectly to deliver significant time and cost savings and accuracy to the private assets world as they continue to face increased scrutiny.”
– Todd Moyer, President and Chief Operating Officer at Confluence.
The Private Fund Rule reporting requirements will require investment advisors to prepare a quarterly fund statement within 45 days after the end of each fiscal quarter. The SEC expects a significant cost annually just to prepare and distribute the reports. The time for onboarding and testing is aggressive with firms needing a solution by early Q2 2024, ready for dry runs beginning at the end of 2024 reporting cycles.
Confluence’s Private Fund Reporting Platform fulfills periodic reporting obligations seamlessly while ensuring that annual, interim, and quarterly reports are generated from the diverse data sets, offering consistency and efficiency in compliance efforts. The platform includes data collection and enrichment, streamlining data management and transformation across disparate private fund data. It also includes an AI reconciliation engine “Rex” that automates the reconciliation of diverse private fund reports, reducing time to compliance and ensuring consistency in data points across reports. The platform offers advanced performance analytics, eliminating the need for numerous vendors to meet the requirements of this and future regulations.
To learn more about how Confluence’s Private Fund Reporting platform or request a demo, please visit www.confluence.com/solutions/private-fund-reporting-platform
About Confluence
Confluence is a leading global technology solutions provider committed to helping the investment management industry solve complex data challenges across the front, middle and back office. From data-driven portfolio analytics to compliance and regulatory solutions, including investment insights and research, Confluence invests in the latest technology to meet the evolving needs of asset managers, asset owners, asset services and asset allocators to provide best-of-breed solutions that deliver maximum scalability, speed and flexibility, while reducing risk and increasing efficiency. Headquartered in Pittsburgh, PA, with 900+ employees in 15 offices spanning across the United Kingdom, Europe, North America, South Africa, and Australia, Confluence services over 1000 clients in more than 40 countries. For more information, visit www.confluence.com
Confluence Announces Partnership with Manaos to Provide SFDR Reporting Solution
Pittsburgh, PA, December 12, 2023 – Confluence Technologies, Inc. (“Confluence”), a global technology solutions provider helping the investment management industry solve complex investment data challenges, today announced a partnership with Manaos, a modular platform built to simplify how institutional investors centralise portfolio data, connect ESG information, and report on the sustainability of their investment.
Under the partnership, Confluence will provide an end-to-end SFDR solution to asset managers on the Manaos platform, including the production of European ESG Templates, and the provision of precontractual and periodic disclosures to end investors.
Damian Handzy, Senior Product Manager, Confluence said: “As global scrutiny of ESG performance intensifies, asset managers are being faced with mounting regulatory obligations and reporting requirements. We’re delighted to make our SFDR reporting solution available to clients on the Manaos platform, providing asset managers with a streamlined service designed to reduce the time and money needed to comply with this regulation, while increasing transparency to end investors.”
Franck Delbes, CEO of Manaos said: “We’re excited to be partnering with Confluence to expand Manaos’ regulatory reporting capabilities. With accurate and timely ESG reporting a growing concern for asset managers, this capability marks a critical step in achieving our vision of bringing the sustainability ecosystem together on a single interface, for more effective investment decision-making, analytics and reporting.”
About Confluence
Confluence is a leading global technology solutions provider committed to helping the investment management industry solve complex data challenges across the front, middle and back office. From data-driven portfolio analytics to compliance and regulatory solutions, including investment insights and research, Confluence invests in the latest technology to meet the evolving needs of asset managers, asset owners, asset services and asset allocators to provide best-of-breed solutions that deliver maximum scalability, speed and flexibility, while reducing risk and increasing efficiency. Headquartered in Pittsburgh, PA, with 900+ employees in 15 offices spanning across the United Kingdom, Europe, North America, South Africa, and Australia, Confluence services over 1000 clients in more than 40 countries. For more information, visit www.confluence.com
About Manaos
Manaos, a technology subsidiary of BNP Paribas, powers an all-in-one platform that connects the traditional information systems of institutional investors and asset management companies with carefully selected rating agencies and fintechs to manage all their investment services seamlessly. In practice, the Manaos platform enables investors to collect their fund compositions from their asset managers, while standardising portfolio data and allowing for asset-level portfolio look-through. From there, Manaos empowers asset managers and asset owners to test and measure their ESG investments performance by connecting their portfolio data to a range of over 20 best-of-breed ESG data providers (including MSCI, S&P Sustainable 1, Morningstar Sustainalytics, Moody’s and ISS ESG). Once enriched with third-party data, Manaos offers flexible, multimodal portfolio data extraction along with seamless data visualisation and dashboards features. Finally, Manaos reporting solutions help investors with the production of EETs (European ESG Template), SFDR PAI Statements, TCFD, LEC Art.29, Taxonomy regulatory reports, custom ESG reports and more. For more information, visit www.manaos.com
Reflecting on the biggest PRIIPs KID and UCITS KIID challenges
and getting ready for the next annual refresh
With the Packaged Retail and Insurance-based Investment Products (PRIIPs) Key Information Document (KID) transition complete and the industry looking forward, Confluence’s Shane Flatman and Stephane Turpin took the time to reflect on the move from UCITS KIID to PRIIPs KID overall in a recent webinar.
And now that we’re in the fourth quarter of the year, now is the time to start the process of refreshing your PRIIPs KIDs and UCITS KIIDs.
Here, we discuss the key areas and challenges the industry worked through as part of the transition and the crucial areas KID producers should focus on to ensure they are ready for the annual refresh.
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The new SEC Short selling rule will keep us occupied for quite some time
Much ink has lately been spilled over the new Short Sale reporting rule in the U.S. New Rule 13f-2 was adopted by the Securities and Exchange Commission (‘SEC’) to shed more light upon Short-Selling in the wake of GameStop saga. It is no wonder that those concerned have raised pertinent questions in this regard.
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HKEX will implement changes to derivatives market position limits on 22 December 2023
Hong Kong Exchanges and Clearing Limited (HKEX) announced yesterday that new enhancements to position limits will take effect on 22 December 2023. The main amendments are as follows:
• A 5-tier position limit model will apply to Single Stock Options (SSO) and Single Stock Futures (SSF) contracts;
• The additional position limits that apply to Hang Seng Index and Hang Seng China Enterprise Index mini derivatives contracts will be removed; and
• Position limit for selected HKEX’s CNH contracts will be increased.
For more information, please see HKEX announcement at: https://lnkd.in/gWEBPK3e
The previous consultation in November 2022 can be found at: https://lnkd.in/gWEBPK3e; and the consultation conclusions in June 2023 at: https://lnkd.in/eZSk2b-E
In the News: Reg 13D-G Compliance: the SEC ‘Modernizes’ Large Shareholder Reporting
Greg Hotaling, Regulatory Content Manager at Confluence breaks down the new rule, offering clarity to a complex ruling.
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