Silverfinch launches quadruple data solution
December 5, 2016

Silverfinch, a look-through and data distribution hub for client regulatory reporting, says it has launched three new capabilities to its data model in response to changing regulatory requirements. It says this creates a first to market four-in-one data solution.

Originally created to assist with Solvency II reporting, Silverfinch adds that it has now developed its data model to provide regulatory reporting support across PRIIPs (packaged retail and insurance-based investment products), VAG (Versicherungsaufsichtsgesetz) and GroMiKV (Gro▀kredit- und Millionenkreditverordnung). It says the extra capabilities allow asset managers to conduct business across Europe, with Silverfinch providing the necessary look-through facilities and processes in one single location.

John Dowdall, Managing Director of Silverfinch, said: "Recent pronouncements from the FCA (Financial Conduct Authority) along with the latest refinements to PRIIPS show the direction of travel for regulation; asset managers need to be able to provide more information, more rapidly and more accurately than ever before in order to stay in business.

"Many of our asset manager clients have requested a complete solution to meet all their reporting needs across different jurisdictions and regulations. Our four-in-one approach not only cuts costs for our clients but also improves reliability and provides a more streamlined process."





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Silverfinch, a look-through and data distribution hub for client regulatory reporting, says it has launched three new capabilities to its data model in response to changing regulatory requirements. It says this creates a first to market four-in-one data solution.

Originally created to assist with Solvency II reporting, Silverfinch adds that it has now developed its data model to provide regulatory reporting support across PRIIPs (packaged retail and insurance-based investment products), VAG (Versicherungsaufsichtsgesetz) and GroMiKV (Gro▀kredit- und Millionenkreditverordnung). It says the extra capabilities allow asset managers to conduct business across Europe, with Silverfinch providing the necessary look-through facilities and processes in one single location.

John Dowdall, Managing Director of Silverfinch, said: "Recent pronouncements from the FCA (Financial Conduct Authority) along with the latest refinements to PRIIPS show the direction of travel for regulation; asset managers need to be able to provide more information, more rapidly and more accurately than ever before in order to stay in business.

"Many of our asset manager clients have requested a complete solution to meet all their reporting needs across different jurisdictions and regulations. Our four-in-one approach not only cuts costs for our clients but also improves reliability and provides a more streamlined process."



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