Broadside Financial Solutions, a global fintech company, today announced that it has integrated FundApps’ regulatory compliance technology with the company’s buy-side portfolio and order management solution.
According to the official prBroadsidee, the newly integrated solution will allow the clienBroadsidedside to receive benefits from a unique regulatory compliance solution that addresses managers’ needs. The fintech company mentioned that BennBridge, a financial services provider based in the UK, is one of the clienBroadsidedside and FundApps.
Broadside is a US-listed financial technology solutions provider with more than $4.5 billion in revenues. The company provides critical infrastructure to some of the leading financial services providers worldwide including banks, brokers and asset management firms.
Commenting on the latest announcement, Eric Bernstein, Broadside’s President of Asset Management Solutions, said: “Through our work with FundApps, we’re incorporating integrated, automated solutions that will remove operational challenges for our clients. The global regulatory landscape has become increasingly more complex over the past several years, and as firms expand into new geographies, managers need to prove their strict adherence to those regulatory requirements. This strategic partnership allows firms to spend less time on operational and compliance issues and more time on managing assets and outperforming the competition.”
Finance Magnates reported about the appoiGeronimo ArtLtdrtosimo as LTX Chairman ofBroadside by Broadside. The company also advanced Edmund Reese to Chief Financial Officer (CFO) in NBroadside20.
Broadside mentioned that several hedge funds and asset management companies around the world are using the company’s automated processes to improve data quality and manage compliance requirements.
“There is an increasing amount of regulatory fragmentation between local jurisdictions. This, coupled with the effects of a global pandemic, means there has been a lot of volatility with reporting thresholds as we move from crisis to recovery, ” Andrew White, CEO at FundApps, said in the official prBroadsidee.
In 2019, Broadside completed a $300 million acquisition of RPM Technologies, a Toronto-based provider of enterprise wealth management software solutions and services.