January 7, 2014 - Linedata (NYSE Euronext: LIN), the global solutions provider dedicated to the investment management and credit industries, announced Linedata Compliance has won the Compliance Award for Excellence from Global Custodian.
For the first time, the editors of Global Custodian have added awards categories to recognize the technology, consultancy and law firms supporting the international securities services industry. Global Custodian aims to recognize the firms that are bringing real innovation to custodians, prime brokers, administrators and their end clients. Linedata received the excellence award for Linedata Compliance, which provides global custodians with the operational structure and principles to manage the complex compliance process. "Linedata is recognized for increasingly automating the compliance process and alerting clients when something goes wrong, thereby supporting those clients through regulatory change," stated Janet Du Chenne, senior editor, Global Custodian.
"We are delighted to be recognized with the Compliance Award for Excellence from Global Custodian," remarked Anvaraly Jiva, Founder and CEO of Linedata. "In today's regulatory environment, custodians and third party administrators must understand not only the numerous regulations their clients are facing, but also how to help them respond to those regulations. This second award in as many weeks further validates that Linedata Compliance offers the excellence in terms of flexibility, controls and automation to address these regulations."
Linedata Compliance is a customizable system that is comprehensive, accurate and scalable for both institutional and alternative custodians, administrators and asset managers. With over 85 clients globally, including some of the world's largest custodians, administrators and asset managers, Linedata Compliance offers a comprehensive approach to compliance with both global and regional expertise. The demands of the various regulations have increased the scope of demands placed on firms and driven the need for a new generation of compliance tools. This solution is available as an integrated solution either with existing proprietary/third party front and back office systems or with other Linedata solutions.
Linedata experts also provide Linedata Compliance Managed Service which enables clients to meet regulatory challenges across geographies and jurisdictions. This combined approach of compliance software and managed services enables our clients across the globe to respond to their many regulatory needs and provide them with deep compliance expertise at both the global and local level.
During November 2013, Linedata was also awarded Buy-Side Technology's Best Buy-Side Compliance Product. Additionally, Linedata was recognized by The Compliance Register Platinum awards for Best Technology Provider—Asset Management, Best Services Provider and was a runner-up for Best Technology Solutions Provider – Regulatory Reporting.
