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DASH Enters the Cloud with Regulatory Compliance Suite

DASH Regulatory Technologies – the RegTech-focused affiliate of capital markets technology and execution services provider DASH Financial Technologies – has expanded its cloud offering with the launch of DASH 360R, the next generation of its LDB platform for US regulatory capital calculation and reporting compliance.

In the US, broker-dealers are required by the SEC and FINRA to maintain specified levels of capital, and to be able to demonstrate moment-to-moment compliance with the SEC Net Capital Rule. In order to do so, they must have the ability to calculate, on an intra-day basis, their capital charges, which can be an extremely complex process. The new offering, an upgraded and modernised version of the firm’s original LDB platform, automates the calculation and reporting process around these regulations as well as any firm-specific requirements, in a bid to streamline one of the most significant back-office operational challenges faced by brokers and clearing firms.

Available in both fully SaaS-based and on-premise deployment options, the DASH 360R Risk Based Haircut module has been SOC 1 Type I-certified, while the entire DASH 360R platform is expected to receive a SOC 1 Type II certification later this year.

The platform offers simplified and secure remote access – an increasingly necessary feature given the current work-from-home status of most clients, and an alternative to the increasingly unpopular VPN configurations usually used to access desktop applications outside of an office location.

“The new 360R platform is a huge leap forward for DASH, introducing advanced technologies never before available in regulatory computing,” claims Venu Palaparthi, DASH’s Head of Regulatory Affairs.

New features include bespoke performance through AWS, streamlined automation with the ability to run multiple computations simultaneously in the background, and a collaboration facility enabling users to securely access multiple configurations and use different data retention methods.

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