LINEDATA COMPLIANCE SELECTED FOR ITS INNOVATION IN TODAY’S CHALLENGING ENVIRONMENT
PARIS and BOSTON, June 26, 2012 Linedata (NYSE Euronext: LIN), the global solutions provider dedicated to the investment management and credit industries, today announced Linedata Compliance has received the Excellence in Risk Management and Compliance award by FSO Knowledge Exchange, a global research and information hub.
The 6th Annual Financial Services Industry Transformation and Outsourcing Strategies Forum awards were presented at a ceremony in New York City on June 7, 2012. Linedata received the award for Linedata Compliance, the real time pre- and post-trade investment compliance monitoring and incident management solution. With a global client base, Linedata Compliance offers a comprehensive approach to compliance with regional and local expertise.
Firms today face a multitude of regulatory changes which donít impact just investment compliance. With pressures to lower operational expenses and demand for additional services from their software providers, firms need to reduce costs and improve productivity. Linedata Compliance, a fully automated solution, provides increased awareness of exposure and counterparty risk to reduce costs and increase transparency and auditability. Linedata experts also provide service based solutions to support clients in their mission critical compliance requirements by producing regulatory reports and building and maintaining rules guidelines.
"The FSOkx judges were impressed with many aspects of Linedata Compliance. The solution includes a sophisticated compliance engine with both out-of-the-box regulatory rule templates and rule builder. It is real time, global, scalable and flexible enough to meet the compliance needs of international organizations," remarked Rekha Vatsa, FSOkx CEO. The solution truly provides excellence in risk management and compliance.
The FSOkx Excellence Awards recognize service and solution providers within the financial services industry. FSOkx Research analyzes nominations on a variety of criteria including interoperability, client benefits, geographic reach, revenue impact, process improvement, level of transparency and others.
"We are honored to be named for Excellence in Risk Management and Compliance for the 2012 FSOkx Awards", commented Anvaraly Jiva, Founder and CEO of Linedata. ìAs a technology partner we are not just software providers. Building a service approach to support our client base is a natural extension for them in this complex environment. Linedata remains committed to working as trusted partners with our clients and this award validates the effort put forth and ensures they are positioned for continued excellence.
ABOUT LINEDATA
Linedata is a global solutions provider with 700 clients operating in 50 countries. With more than 900 employees across the globe, Linedata is dedicated to the investment management and credit community. Linedata has been at the service of the financial industry from day one, and applies its market and client insight to provide innovative and tailored mission-critical software and services that help its clients grow. As a pioneer for over 10 years with the set-up of SaaS infrastructure for the financial industry, Linedata has preached and spread this model throughout the global financial community, for its full range of products. Headquartered in France, Linedata achieved revenues of EUR 137.3 million in 2011. This company is listed on Euronext Paris FR0004156297-LIN Reuters LDSV.LN Bloomberg LIN:FP.
Linedataís 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.