CSS removes compliance burdens with launch of new document production tool

RegTech100 company Compliance Solutions Strategies (CSS) has launched its Document Production Centre to help investment managers automate compliance procedures.

The Document Production Centre is an advanced automation platform for the production and distribution of factsheets, prospectuses and other key documents. It is powered by CSS’ Regulatory Book of Record (RBOR).

With this tool, investment managers can automate, scale and optimise their document production and distribution processes for UCITS KIID, PRIIPs KID, the ESG disclosures envisioned by the EU Sustainable Finance Disclosure Regulation (SFDR), and additional investor documents.

It also claims that its new solution is an advanced content management platform that boasts flexible workflow, alerting and translation capabilities, review tools and dashboards. It uses the RBOR to retrieve, validate and normalise data needed for the document production and eases dissemination of documents directly to regulators.

CSS CEO Doug Morgan said, “The launch of Document Production Centre strengthens CSS’s position as a world-class RegTech solutions provider with a complete end-to-end fund reporting solution for institutional asset managers, fund administrators, Mancos and insurers.

“In 2022, it’s going to be more important than ever for investment managers to scale and automate their document production and distribution processes to address the complexities caused by the UCITS to PRIIPs transition and the application of Level 2 SFDR.”

The RegTech company recently expanded its collaboration with legal firm aosphere to integrate the latter’s market data services with CSS’ investment monitoring platform.

CSS Director, Cyber IT Services E.J. Yerzak recently spoke with FinTech Global to explain how the company is utilising AI technology to help keep threat actors at bay. He said, “Knowledge is power, and as data volumes continue to increase exponentially, AI and machine learning will play ever-increasing roles in helping firms filter out the relevant threat intelligence from all the cyber noise.”

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