DST International (DSTi) says that CIS Investment Accounts (CIS) have bought its risk management solution (HiRisk), its performance measurement and attribution tool (HiPerformance), its order management application (HiOrders) and its pre-and post-trade compliance application (HiCompliance).
“We needed an integrated platform in order to manage the requirements of multiple departments and this is the key reason why we chose HiRisk, HiPerformance, HiOrders and HiCompliance,” says Philip Evans, CIS’s Head of Investment Accounts. “The solutions will aggregate and process data from multiple departments in a consistent way. The project is vital to us because it has to satisfy not only internal requirements, but also helps CIS meet external FSA regulation and IPSB.”
Mike Winn, DSTi’s CEO, says DSTi always aims to make its various specialist products work together to provide an integrated solution. “CIS fully understand the benefit of getting the specialist software from a single supplier who has created this integrated platform,” he says. “Many institutions are spending more on all the integration of disparate products than on the products themselves. DSTi avoids all those issue, delays and costs.”
Once the integration is completed, CIS will use DSTi’s HiRisk, HiPerformance, HiOrders, HiCompliance as well as HiPortfolio, DSTi’s portfolio administration and fund accounting solution, in their back office.