Press Release

Charles River Launches Compliance as a Service

June 05, 2014

Boston – Charles River, an enterprise-wide front and middle office investment management solution provider, today launched Charles River Compliance as a Service (Charles River CaaS), a cloud-based offering for asset managers that integrates software, data, and services in a hosted environment. The solution helps firms better fulfill their investment compliance requirements, improve compliance operations, and lower overall costs with extensive compliance monitoring expertise, streamlined processes, and increased data quality. Charles River CaaS is designed for investment organizations that require a straightforward, economical and efficient beginning-of-day portfolio compliance solution. It also gives fund managers a holistic compliance view of internally managed, sub-advised or other outsourced funds.

“Today’s regulatory environment is increasingly complex, and many firms struggle to find and maintain the compliance knowledge and skills necessary to stay current,” said Ed Fitzpatrick, Vice President, Managed Services, Charles River. “Our CaaS solution extends a firm’s compliance organization with an experienced Charles River team that writes and maintains the compliance system rules.”

Charles River’s portfolio compliance software provides standard configurations, easy-to-use workflows and reporting that help firms resolve alerts and warnings. The offering facilitates more effective compliance monitoring and management with a comprehensive rule set based on global regulatory expertise and configured to customer requirements, with the necessary data to ensure accuracy. Trend analysis capabilities enable continuous improvement through ongoing assessment and refinement of compliance practices.

Charles River integrates data from multiple sources and feeds it ‘hand-in-glove’ into the software platform. Optionally, clients may supply reference and benchmark data from their preferred providers. Clients receive 24×7 application management and private cloud hosting in top-tier facilities.

Charles River CaaS is now available in North America and will be rolled out globally later this year.

About Charles River

Charles River provides an end-to-end solution to automate front and middle office investment management functions across asset classes on a single platform. The solution offers a simplified operating model that includes enterprise software, data, application management/upgrades, hosting and FIX network to improve investment professional productivity, control risk and lower technology costs. Charles River serves more than 350 investment firms in 43 countries in the institutional asset and fund management, private wealth, alternative investments, insurance, banking, and pension markets.