Data management service provider Arcesium has launched a regulatory reporting extension to its Opterra data lifecycle management platform.
The New York-based company said the new tooling enables clients to utilise data they already have to automate the collection and presentation of information required for compliance processes.
The extension was created to meet growing demand for ever-more granular data from regulators. Arcesium said clients will now be able to automate disclosure processes using their data on trades, positions, P&Ls and accounts, saving time and resources.
“COOs and compliance leaders are expressing an urgent need to modernise their reporting processes, save time and reduce costs,” said Neil Visnapuu, product owner for regulatory reporting at Arcesium. “This solution empowers them to do precisely that. By auto-populating reports and completing disclosures… managers can release significant resources currently tied up in gathering data from fragmented sources. This streamlined way of working also empowers them to quickly adapt to any future regulatory demands”.
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