SEI has launched a new global regulatory risk and compliance platform for handling regulatory demands throughout investment firms.
The company claims that its new platform will centralize handling of an investment firm’s regulatory and compliance functions across investment vehicles, products, and jurisdictions around the globe.
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The platform, developed by the company’s Investment Manager Services (IMS) division, will enable investment manager control the rising costs and risks resulting from the industry’s fast-rising tide of regulations.
Jim Warren, head of solutions strategy & development for SEI’s Investment Manager Services division, said: "For years, investment managers have dealt with regulatory compliance in a reactive and siloed way, focusing on one product type, regulator, or regulatory regime at a time. But that approach is inefficient and error-prone, poses risks of non-compliance, and can hamper a firm’s ability to grow into new products and markets.
"SEI’s platform solves those problems by giving investment organizations an integrated, streamlined way to manage and execute compliance functions firm-wide."
SEI said it has designed its new platform as a standalone solution that is not limited to clients of its operating services.
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By GlobalDataThe company will import data for non-client firms, allowing them to take advantage of the platform regardless of where their fund accounting and administration functions are serviced.
