VistaOne Releases Solvency II Data Governance Tool for Asset Managers
The solution, which is backed by the firm's vReporter architecture, is designed to help asset managers with European and UK insurance firm clients meet impending Solvency II capital requirements regulation, which are set to come into force at the end of 2013.
It will employ rule-based workflow processes to automate data preparation, manage exceptions, audit controls and fulfill the quantitative reporting templates (QRTs) required to produce various reporting documents being introduced with the regulation.
"With the 2013 deadline quickly approaching, understanding how technology is used to help insurers and asset managers get in front of the Solvency II issue is the first step towards regulatory compliance. We are constantly striving to provide solutions to reduce the time to market and ease of implementation when addressing the challenges of new regulation," says Brian Lott, global head of product for VistaOne Solutions.
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