Cordium, a London-based provider of compliance consulting, accounting, tax and software to the financial services industry, has teamed up with IP Sentinel, a provider of IT solutions and audit services to regulated bodies.
The deal follows increased demand from clients for advice on safeguarding their infrastructure and the identification of cost-effective solutions for technology issues.
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The agreement will enable Cortium to offer compliance architectures, as well as IT outsourcing management services, according to Hedge Week.
Additionally, IP Sentinel also offers compliant architectures through a virtual CTO service and manages these relationships for the firms.
It also supports firms through start-up packages that assist clients with all essentials required to start a business.
James Hogbin, director of IP Sentinel, said: "In today’s world the ability of a firm to comply with regulatory obligations is completely intertwined with its IT systems and procedures. Yet, the industry has evolved in such a way that the two are typically thought of and dealt with quite separately.
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By GlobalData"Recently this has become something that firms can ill-afford as the FCA is explicitly turning its attention to the management of IT. Cordium’s deep regulatory expertise combined with IP Sentinel’s wealth of insight into fund management IT operations makes for the perfect team to help our clients meet this challenge," he added.
