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

Trillium Software Responds to Regulatory Pressure with Latest Release of Software System

Subscribe to our newsletter

Trillium Software’s latest release of Trillium Software System reflects growing requirements for self-service data management across financial firms’ lines of business as well as the need for speed in handling greater volumes of data.

Version 14 of the software is available immediately and has been developed not only as a flexible tool for line of business use, but also to address data quality issues embedded in specific regulation such as the Foreign Account Tax Compliance Act that requires indicia to be correctly identified for accurate reporting.

Jon Asprey, vice president of strategic consulting and head of Trillium Software’s data quality for compliance practice, says: “The new release focuses on more flexible business rules, more integration with reporting tools and the ability to support greater data volumes. We wanted to make the software more scalable and amenable so that financial firms can undertake more complex analysis. Regulatory pressure increasingly requires insight into data across lines of business, so we have made improvements in how the software supports business managers who need to build their own capability to gain this insight and react quickly. Then there is the market challenge of performance and speed that we must always respond to.”

Asprey says the company is engaged in a lot of work with existing customers, but is also expanding its customer base that is strong in the US and Europe, and building in Asia and South America. Looking forward, Trillium will continue to develop support for increasing data volumes, interoperability between diverse platforms, the processing of both structured and unstructured data. Helping clients to meet regulatory requirements, it will also focus on data governance.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Unpacking Stablecoin Challenges for Financial Institutions

The stablecoin market is experiencing unprecedented growth, driven by emerging regulatory clarity, technological maturity, and rising global demand for a faster, more secure financial infrastructure. But with opportunity comes complexity, and a host of challenges that financial institutions need to address before they can unlock the promise of a more streamlined financial transaction ecosystem. These...

BLOG

Data Quality Still Troubling Private Market Investors: Webinar Review

Obtaining and managing data remains a sticking point for investors in private and alternative assets as financial institutions sink more of their capital into the markets. In a poll of viewers during a recent A-Team LIVE Data Management Insight webinar, respondents said the single-biggest challenge to managing private markets data was a lack of transparency...

EVENT

TEST Event page 1

Now in its 15th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

Tackling the Data Management Challenges of FATCA

As the July 1, 2014 deadline for compliance with the Foreign Account Tax Compliance Act – or FATCA – approaches, financial institutions around the world are working to ensure their data management and operational systems will meet the requirements of the US legislation. This report discusses the requirements of FATCA and how the legislation is...