Confluence, a provider of automated data management solutions, has partnered with Fundsquare to provide simplified AIFMD filing for asset mangers.
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The firm has selected Fundsquare to provide secure delivery of AIFMD Transparency Reporting to all national competent authorities (NCAs) across Europe.
Confluence said that its SaaS-based technology-enabled Unity NXT AIFMD Transparency Reporting aims to provide completeness, accuracy and control across the entire AIFMD reporting process.
"By incorporating Fundsquare into the solution, asset managers need only upload files once for them to be disseminated to multiple NCAs in the format required by each to ensure accuracy and timeliness of filings to each regulatory jurisdiction," said by Confluence in a statement.
Melvin Jayawardana, European market manager at Confluence, said: "As regulatory reporting pressures continue to increase, we view Fundsquare as a resource we can leverage to develop and bring to the market additional regulatory solutions to both the asset management and third-party administrator market."
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By GlobalDataOlivier Portenseigne, CCO at Fundsquare said: "Working with Confluence, will considerably increase efficiency for our respective clients. We believe a collaborative model with the best providers will make funds servicing easier at a time where coping with regulation is increasingly high up on asset managers’ agendas."
