Fidessa's Sentinel Distinguished as Best Buy-side Compliance Product

Fidessa's Sentinel Distinguished as Best Buy-side Compliance Product
07.11.2016 09:45 am

Fidessa's Sentinel Distinguished as Best Buy-side Compliance Product


Fidessa announced that Sentinel has been voted best buy-side compliance product at the 2016 Buy-side Technology Awards. This is the seventh win for Sentinel at these awards and the third major accolade for Fidessa's buy-side compliance solution in the past twelve months. Designed to recognise the leading technologies and vendors in their area of expertise the Buy-side Technology Awards are underpinned by a robust selection process including the input and experience of seven judges selected from across the investment management industry.

Providing compliance monitoring and control for some of the world's largest asset managers, Fidessa's Sentinel continues to impress with a number of new client signings and major upgrades achieved in the past year. With customers today more willing to move funds between asset managers, and mergers within the industry driving further shifting of account ownership, compliance teams are on-boarding new accounts and mandates in greater numbers, driving the requirement for operational efficiency to new levels. Sentinel Portfolio Compliance meets this challenge by streamlining the user's workload and allowing them to quickly on-board new funds and mandates.

Sentinel Trading Compliance, launched last year to enable asset managers to consolidate, monitor and control their trading operations and risk on a single platform, is also proving a powerful proposition for asset managers seeking the extensive risk controls that existing portfolio compliance systems alone cannot achieve.

Richard Hooke, Buy-side Product Director at Fidessa, commented: "We're committed to providing asset managers with a truly agile solution that can scale with their business and allow them to demonstrate best practice in compliance. As more and more of our customers look to centralise their compliance functions across assets classes and across regions we continue to develop and enhance Sentinel to ensure that it delivers real value to the investment process. We are delighted that our continued investment in Sentinel has been recognised by the industry with this latest award."

Available as a fully managed service, Sentinel allows asset managers to reduce their operational costs with Fidessa taking responsibility for rule coding, data management, list maintenance and platform upgrades. Sentinel provides the flexibility and performance that buy-side firms need in order to respond quickly to new client mandates and new regulations from multiple jurisdictions across multiple asset classes. Its real-time rules engine enables asset managers to keep pace with their pre-trade compliance requirements.

The award was presented at the 10th Anniversary Buy-Side Technology Awards Lunch in London on 4th November.

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