PRINCETON, N.J. - Saturday, September 7th 2013 [ME NewsWire]
(BUSINESS
WIRE)-- Princeton Financial® Systems, a part of State Street Global
Exchange, today announced the launch of the latest enhancements to
MIG21, its market-leading investment compliance and risk monitoring
solution, with specific functionality to address upcoming UCITS
regulatory changes.
MIG21 7.4 improves asset reclassification,
which is now integrated as a standard function and allows simple manual
and automated reclassification of assets, and significantly increases
the speed and performance of calculating global exposures. The latest
version also provides improvements in the user interface with a range of
new administrative features. For example, users can now export mapping
configurations to facilitate analysis, documentation and archiving and
the memo function has been expanded, improving compliance breach
communications.
“We continuously work to monitor and anticipate
the impact of the constant influx of regulatory updates on our
customers’ needs in order to provide them with the best solutions to
support their business priorities,” said Ronald Knecht, product director
and vice president at Princeton Financial Systems. “MIG21 7.4 provides
our customers with mission critical tools and functionality to more
efficiently and effectively manage their compliance.”
“We look
forward to continuing to enhance our investment management software
solutions and will build on our successful framework within State Street
Global Exchange in the coming months,” said Ivan Matviak, senior vice
president of State Street Global Exchange.
MIG21 is the
compliance system of choice for seven of the world's ten largest global
custodians, as well as many asset and fund managers, insurance companies
and hedge funds in all parts of the world. MIG21 optimizes and
automates pre-trade and post-trade investment compliance checking, and
improves the administration of regulatory, prospectus and internal
investment guidelines and resolution workflows. A flexible rules engine
combined with advanced data and resolution management tools provide
fully auditable controls of the investment process.
MIG21
integrates with Princeton Financial Systems' LawCard® Service, enabling
investment organizations to rapidly expand into new legal jurisdictions
and adapt to new regulations without overheads or delay. LawCards are
comprehensive predefined rule sets for MIG21® covering country-specific
legal investment restrictions of the world's major financial centers.
They support all asset classes as well as complex structured products
and derivatives.
About Princeton Financial Systems
Princeton
Financial Systems, a part of State Street Corporation’s (NYSE:STT)
Global Exchange division, is a leading provider of comprehensive, front
to back office solutions to several of the top asset managers, insurance
companies, custodians, pension funds, and banks spanning the world.
Princeton’s software solutions provide clients with the technology and
services they need to reduce risk, improve efficiency, and provide
transparency throughout the investment lifecycle. Whether it’s
Princeton’s core investment accounting solution, compliance monitoring,
data management, or performance measurement, attribution, and risk
analysis, more than 430 firms rely on Princeton to meet their investor
demands and work in an increasingly complex regulatory environment. For
more information, please visit www.pfs.com.
Contacts
Princeton Financial Systems
Michele Boudway, +1-609-514-4576
Global Marketing
Fax +1-609-750-4851
mboudway@pfs.com
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