Linedata Compliance edges out the competition and takes top honors for addressing challenging regulatory environment
PARIS, LONDON, BOSTON, HONG KONG, November 13, 2013 – Linedata (NYSE Euronext: LIN), the global solutions provider dedicated to the investment management and credit industries, today announced Linedata Compliance has won the Best Buy Side Compliance Award from Buy Side Technology.
The 7th Annual Buy Side Technology awards were presented at a ceremony in London on November 1, 2013. Linedata received the award for Linedata Compliance, the real time pre- and post-trade investment compliance monitoring and incident management solution. With over 85 clients globally, Linedata Compliance offers a comprehensive approach to compliance with regional and local expertise.
The world of compliance is changing at a pace never before witnessed. With the regulatory reviews that have followed the global financial crisis, the requirements have become ever more stringent; clients, often aided by investment consultants, have devised more prescriptive mandates requiring greater levels of transparency. In particular, the demands of UCITS IV/V, Dodd-Frank, AIFMD and shareholder disclosure rules have increased the scope of demands placed on compliance officers. This has driven the need for a new generation of compliance tools and Linedata has made significant investments in Linedata Compliance to meet these challenges.
“The judging panel was impressed with the advances made in Linedata Compliance. While this award category was highly competitive, Linedata has demonstrated that they have invested heavily in ensuring Linedata Compliance is best in class,” comments Victor Anderson, Editor-in-Chief of Buy Side Technology and Waters Technology. “As it is global, scalable and flexible enough to meet the compliance needs of international organizations, Linedata Compliance truly demonstrates excellence in compliance.”
The Buy Side Technology awards honor the leading technologies and vendors in their area of expertise, through an auditable and transparent methodology underpinned by the input and experience of seven judges – five buy-side-focused technology consultants and two of Buy-Side Technology’s editors.
“We are especially pleased to be recognized as the Best Buy Side Compliance Award winner by Buy Side Technology,” remarked Anvaraly Jiva, Founder and CEO of Linedata. “As firms look to implement compliance solutions that respond to the many regulatory needs at both the global and local level, we are confident that Linedata Compliance will address the challenges of today’s evolving regulatory environment. This prestigious award further validates the innovation and commitment we have made to Linedata Compliance to help in overcoming those challenges.”
In addition to Linedata Compliance, the recently introduced Linedata Compliance Managed Service enables clients to meet regulatory challenges across geographies and jurisdictions. A cloud-based solution, accessible over the web, the service provides buy side asset managers with a low-risk and low-cost opportunity to acquire business intelligence and is a fully managed and monitored rules-based service.
Linedata is a global solutions provider dedicated to the investment management and credit community, with close to 1000 employees in 16 offices across the globe. Linedata has been at the service of the financial industry from day one, and applies its market and client insight to provide innovative and flexible mission-critical software and services that help its clients grow in over 50 countries. As a pioneer for over 10 years with the set-up of SaaS infrastructure for the financial industry, Linedata remains committed to this model throughout the global financial community and for its full range of products. Headquartered in France, Linedata achieved revenues of EUR 144 million in 2012. This company is listed on Euronext Paris FR0004156297-LIN – Reuters LDSV.LN – Bloomberg LIN:FP.
Linedata’s institutional and alternative solutions are used by asset management firms across the globe, from start-ups to the world’s largest asset managers and most recognized industry innovators. Linedata offers trading, order and execution management, portfolio management, compliance, fund accounting, transfer agency and reporting as well as a wide range of service solutions for institutional and alternative asset managers, custodians and administrators.
For more information, please contact:
Karen M. Hays