Asset Control has released a series of upgrades to its AC Plus data management solution.
The upgrades are designed to support existing clients meet the demands of Dodd-Frank, Basel III and Solvency II for transparency in tracking the source of data, how it has changed over time and who has changed it. Asset Control has expanded AC Plus bi-temporal capabilities, making clients regulator-ready by providing an on-demand audit trail of all data changes and system amendments over time. This capability means firms have transparency to audit decisions based upon the information that was available to them at a specific point in time.
The plethora of regulatory changes on the horizon means the way in which firms are required to interact with data has reached microscopic scrutiny,” said Phil Lynch, CEO, Asset Control. “Without the tools to cut through the complexities this presents, firms will face huge operational challenges when it comes to compliance. The upgrades to AC Plus go a long way in helping financial services manage these pressures.
(JDC)