Princeton Financial Systems Strengthens UCITS Support with Latest Enhancements to MIG21® Compliance Suite
September 05 2013 - 11:50AM
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.
Princeton Financial SystemsMichele Boudway,
+1-609-514-4576Global MarketingFax
+1-609-750-4851mboudway@pfs.com
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