Advanced Data Aggregation Helps Compliance Professionals Monitor for Insider Trading
Wolters Kluwer Financial Services today introduced the Examiner Business Intelligence Portal, a browser-based web portal for centralized activity reporting with advanced data aggregation, intuitive workflows, and advanced system alert capabilities. The software is the latest enhancement to their Examiner solution, which automates Code of Ethics compliance for personal trading surveillance, as required by the 1940 Act Rules. The advances in the reporting, data management and workflow capabilities offer significant improvements, providing controls for employee trading, personal account dealing and gifts and entertainment governance monitoring.
“The Examiner Business Intelligence Portal is a major enhancement allowing our clients to easily adapt and meet their ever-changing business and regulatory requirements,” said Jim Richardson, director of Investment Compliance Solutions for Wolters Kluwer Financial Services. “Our highly flexible technology provides aggregation that is source agnostic which gives compliance managers an unprecedented ability to analyze data. Moreover the tool provides the ability to customize reports in a way that will make meaningful improvements in their ability to swiftly manage unforeseen corporate or regulatory requirements and monitor compliance in a fully audited process.”
“The Examiner system is key to helping compliance professionals not only access the data they need but also manage that data in a way that allows them to run the right tests and perform adequate gap analysis. This new tool reflects significant advances that will help investment advisors carry out data management and analysis across different sources and maintain a ‘virtual data warehouse,’” said Carol Beckett, compliance manager of Investment Compliance Solutions for Wolters Kluwer Financial Services.
CEB TowerGroup recently published the report “Business Intelligence 3.0: The Evolution from Hindsight to Insight to Foresight.” In it they comment on the significance of advancements in this segment, noting, “Operational insight will help redesign the business in more efficient and effective ways — ones that leverage resources instead of confusing them with unfiltered and irrelevant information and do not weigh them down with stifling processes. The compliance burden will be lessened by better operations, improved data quality and relevance, and more flexible business and IT structures that today’s marketplace demands.” CEB TowerGroup goes on to say that “This renewal of BI will improve the ability to execute business plans effectively and both drive and measure improved business performance in a world of continued uncertainty.”