About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

DST Global Solutions Upgrades Anova to Improve Compliance Process

Subscribe to our newsletter

DST Global Solutions has included additional dashboards and upgraded reporting functionality in release 3.0 of its Anova post-trade data management solution. The aim of the release is to improve the ability of users to aggregate and access investment data quickly and accurately for regulatory compliance purposes. The release also allows key compliance metrics to be monitored and includes upgraded performance measurement and attribution functionality.

The Anova platform is used by more than 40 investment management firms globally and is designed to support a strategic approach to regulatory compliance that eases the burden of data management. The solution is source agnostic, allowing it to take in data in multiple formats from many source systems, and includes a data warehouse with a data model designed for investment management, as well as engines for performance measurement and attribution, position keeping and investment book of records (IBOR), and compliance. A presentation layer allows visual dashboards, reports and other data to be surfaced.

Julian Webb, global head of investment data management analytics at DST Global Solutions, explains the compliance application of Anova, saying: “Many firms have addressed each new set of regulatory requirements with a tactical, point solution. This has led to a plethora of data management and reporting applications that are both expensive to maintain and result in multiple data silos often with inconsistent data. Firms are starting to take a more strategic approach and are looking to implement a single investment data store that holds a complete record of all investment data updated on a timely basis. This can serve as the platform for meeting all reporting requirements, whether they are internal, client or regulator driven. This is where Anova sits.”

Anova 3.0 is available immediately on general release and the software will continue to be developed in response to market change. On the next milestones on the product roadmap, Webb says: “Visualisation remains a key theme for us and we will be adding additional dashboards and alerting capabilities to the product. With the move to intra-day requirements for aggregated data, a market trend to which Anova is well suited, we are also adding additional functionality for extended IBOR solutions.”

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: Best practices for regulatory reporting

Date: 16 July 2024 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Regulatory reporting is a repetitive, time consuming and expensive business. At its best it requires robust data governance, automated data collection and reporting, standardised reporting formats, a centralised reporting system and a means to monitor and review regulatory change....

BLOG

FCA Focus on Non-Financial Misconduct Amplifies Case for Comms Surveillance

By Oliver Blower, Chief Executive Officer of VoxSmart. Leading City compliance professionals have been bombarded with reasons to enhance their employee communications surveillance capabilities over recent months, with fresh headlines making the case on an almost daily basis.  Recently, yet another story broke around the threat posed by insider trading, with ex-Goldman Sachs analyst Mohammed...

EVENT

AI in Capital Markets Summit London

The AI in Capital Markets Summit will explore current and emerging trends in AI, the potential of Generative AI and LLMs and how AI can be applied for efficiencies and business value across a number of use cases, in the front and back office of financial institutions. The agenda will explore the risks and challenges of adopting AI and the foundational technologies and data management capabilities that underpin successful deployment.

GUIDE

Entity Data Management Handbook – Seventh Edition

Sourcing entity data and ensuring efficient and effective entity data management is a challenge for many financial institutions as volumes of data rise, more regulations require entity data in reporting, and the fight again financial crime is escalated by bad actors using increasingly sophisticated techniques to attack processes and systems. That said, based on best...