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Technology provider ION Markets has launched a new Compliance SaaS solution, evolved from the hosted compliance solution the company implemented in 2014.
ION’s Compliance SaaS solution enables real-time oversight of pre-and post-trading, and offers full coverage of asset types, with an automated compliance checking process and investment transparency.
The Compliance SaaS solution enables customers to manage exceptions, while defining and maintaining investment rules. All dashboard, reporting, and management information can be shared across the business.
With increased regulatory change and pressure, and the use of complex asset types as firms enter new markets, compliance monitoring and investment transparency are critical, says ION.
Asset managers face the challenge of balancing regulatory compliance with rising IT costs and the demand for real-time pre-trade oversight, it adds.
Commenting on the new solution, Steven Strange, head of product (asset management) at ION Markets, says: “Investment compliance is fundamental to the asset management process, and any breach can severely compromise both a firm's finances and its reputation. We are proud to be partnering with several firms to evolve ION’s SaaS cloud service. We are committed to ensuring the service can scale with business growth.”
