"DST takes a proactive approach to helping our clients comply with the numerous governmental regulations of the industry," said Frank Imgrund, director of systems development at DST Systems. "This solution helps our clients go above and beyond what the regulations require and represents an industry-leading approach to the regulatory challenge."
Primeâs data lists are designed to integrate seamlessly with Primeâs applications as well as other products. Primeâs compilation of data lists is called the Prime's Compliance Databankâ¢.
"As the leading provider of record-keeping services to mutual funds, DST is setting the standard for regulatory due diligence among firms within the financial services industry. We will deliver our compliance databases to DST, which will integrate it with its core business systems," said Salvatore Cangialosi, president, Prime Associates, Inc.