Compliance Solutions Strategies Acquires AMFINE
PR85468
NEW YORK, Sept. 10, 2020 /PRNewswire=KYODO JBN/ --
- Combination Creates First Fully End-To-End Compliance Reporting Platform
Compliance Solutions Strategies ("CSS"), a leading RegTech platform providing
technology-driven solutions which enable financial services firms to meet
mandatory regulatory compliance requirements, today announced the acquisition
of AMFINE ("AMFINE"), a provider of SaaS-based regulatory reporting services to
European asset managers, asset servicers and insurers. With offices in Paris
and Luxembourg, AMFINE serves a top-tier client base and offers a modular and
multilingual solution across multiple jurisdictions for the production and
distribution of documents covering the full breadth of regulatory reporting and
marketing disclosure obligations.
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The combination with AMFINE reinforces CSS's position as a leading RegTech
solutions provider to the investment management market with a comprehensive
global offering across fund reporting, transaction reporting, investment
monitoring and compliance management. Adding AMFINE's regulatory reporting
solutions, including the production of UCITS KIIDs and PRIIPs KIDs, fund
prospectuses and marketing factsheets, will enable CSS to deliver a complete
end-to-end fund reporting solution that is unmatched in the market, leveraging
integrated data management, regulatory reporting software and document
production capabilities. The acquisition also provides CSS with increased scale
and reach, adding to its roster of Tier 1 clients and extending its presence
and operating base in the heart of the European funds market.
The acquisition of AMFINE represents a further investment in the evolution of
the CSS platform and will result in compelling strategic benefits to clients:
-- Providing end-to-end management of the regulatory reporting process
from data aggregation and enrichment through to document production
and distribution.
-- Delivering an enhanced value proposition with the necessary scope
and depth to support enterprise risk control, TCO and scalability
objectives.
-- Creating the potential for a deeper strategic partnership by
addressing a critical reporting requirement through the use of
a world-class Compliance-as-a-Service (CaaS) platform.
"We're delighted to welcome the AMFINE team to CSS as we further develop our
platform and extend our market coverage," said Doug Morgan, CEO of CSS. "AMFINE
bring highly complementary product capabilities and a stellar reputation earned
by helping clients manage complex reporting requirements. With both
organizations sharing a strong commitment to customer success, we're excited to
work together to enhance our global regulatory reporting solution and address a
broader scope of our clients' compliance needs."
About CSS:
CSS is a trusted global RegTech partner that uniquely brings together
innovative technology-driven solutions to support financial services firms in
navigating a clear and strategic path through the complex and fragmented global
regulatory space. Our solutions and services help firms meet regulatory
deadlines while optimizing compliance data, operations and technology. CSS
covers a full range of global compliance disciplines spanning fund reporting,
transaction reporting, investment monitoring, compliance management, compliance
services and managed services with a complementary, centralized approach to the
strategic management of regulatory data called RBOR (Regulatory Book of
Record). The company currently serves over 600 software clients in the
financial services vertical comprising of hedge funds, traditional asset
managers and fund administrators, including Tier 1 buy-side and sell-side
institutions. CSS maintains a global footprint across both North America and
Europe with customer-facing offices in New York, London, Dublin, Amsterdam and
Stockholm. For more information on CSS, please visit: www.cssregtech.com.
SOURCE Compliance Solutions Strategies
CONTACT: Natalie Silverman, Chief Marketing Officer, Compliance Solutions
Strategies, +1 646-952-2514, Natalie.Silverman@cssregtech.com
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