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: Navigating a Complex World: Best Data Practices in Sanctions Screening

As rising geopolitical uncertainty prompts an intensification in the complexity and volume of global economic and financial sanctions, banks and financial institutions are faced with a daunting set of new compliance challenges. The risk of inadvertently engaging with sanctioned securities has never been higher and the penalties for doing so are harsh. Traditional sanctions screening...

BLOG

Private Market Data Price Rises Likely as Demand Surges

Demand for private market data is expected to continue rising as the growing popularity of the asset classes accelerates, putting pressure on feed prices. With no end in sight to market volatility and artificial intelligence enabling the sourcing of ever-larger volumes of critical financial and operational information, financial institutions are likely to increase their data...

EVENT

Data Management Summit London

Now in its 16th year, the Data Management Summit (DMS) in London brings together the European capital markets enterprise data management community, to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

RegTech Suppliers Guide 2019

Welcome to our brand new RegTech Suppliers Guide. This unique guide provides detailed data profiles on close to 100 suppliers in the RegTech world, offering you an unrivalled selection of solutions for your most pressing financial regulatory challenges. The aim of the A-Team’s RegTech Suppliers Guide is to steer you through this complex marketplace, offering...