BST Awards 2021: Best buy-side compliance product—trading: Linedata
Product: Linedata Compliance
OVERVIEW
The Linedata Compliance platform offers interoperable compliance technology and user-focused insights derived from artificial intelligence/machine learning technology and ESG data.
Typical user-firms: Linedata Compliance is suitable for all firms across the buy side, from institutional asset managers to insurance firms, fund administrators and wealth managers.
Linedata recently onboarded several multi-asset crypto fund clients. It supports P&L valuations and integration with crypto exchanges to automate trade booking workflows.
Linedata recently signed multiple Luxembourg management companies to its ESG compliance reporting service.
“With Linedata Compliance, we have complete confidence in the controls we apply to our clients’ regulatory and statutory constraints. All our funds are automatically monitored with a full audit trail. Passive breaches are managed using structured workflows reflecting each client’s unique processes, ensuring they are able to satisfy their mandates. This way, using daily post-trade compliance, we are proactive in managing our breaches up front as well as mitigating breaches that could have a material impact.”
Jean-François Fortemps, managing director, MUGC Luxembourg Management Company
WHAT’S NEW
ESG Strategy Compliance Monitoring (SCM): Linedata’s latest offering combines Arabesque’s ESG data and scoring with flexible rule packs, mitigating greenwashing concerns.
Data Management Service (DMS): Linedata’s DMS integrates the ‘fuel’ that feeds the compliance engine, addressing a significant workflow pain point, reducing risk and ensuring firms’ ability to leverage critical systems like their automated compliance solutions.
Crypto currency: Linedata onboarded the first of several multi-asset crypto clients.
Linedata Analytics Service: Machine-learning models use clients’ own data to identify transactional data anomalies. Models deliver continuous insights to processes, pre-emptively forecasting operational failures and spurring preventative actions. To mitigate compliance breaches, the service applies ML techniques to historical breach data, identifying the resolution pathway by analyzing historical trends, reducing escalation time, and improving stakeholder service.
WHAT’S TO COME
Integrated business intelligence: Linedata is creating alerting tools to interact with meaningful, accessible time-series data. Directly integrated into Linedata Compliance, this business intelligence uses visualizations to convey broader compliance “health” and early warning signs of risk.
WHY THEY WON
Since 2020, Linedata has embraced microservices and the cloud. Linedata Compliance is designed to support interoperable portfolio compliance, which clients say is easily scalable and integrates quickly with data and systems. The company has responded to the explosion of ESG funds by adding to the product new offerings for ESG monitoring, combining with Arabesque’s ESG data to address buy-side concerns about greenwashing.
“Linedata Compliance stands out with robust adaptability, backed by exceptional client support and business intelligence innovation. Streamlined workflows mean fast onboarding of new funds and mandates. Highly scalable for efficient monitoring and breach management, it screens thousands of funds for 70 clients in 25 separate jurisdictions, focusing on user ease and configurable rules enabling the most challenging regulatory reporting. We are committed to delivering software, data and services solving today’s and future compliance challenges. Clients tell us what differentiates Linedata is combined expertise and interoperable technology, easily integrated with vital data and systems, positioning them and their clients for success.”
Gary Brackenridge, global head of asset management, Linedata
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