SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), a global provider of financial services software and software-enabled services, today announced the release of Anova 6.3, its investment data management and analytics platform, to help clients accelerate their ability to achieve investment compliance.
The latest Anova upgrade centers on enhancements to Anova Compliance, SS&C's powerful and flexible investment compliance solution. The latest release features improved data workflows, enhanced usability, and highly complex compliance monitoring.
"The growth in regulation and the increasing importance investors and regulators are placing on transparency and oversight has led to new focus on monitoring investment compliance. The Anova 6.3 release is loaded with features to help our clients monitor compliance against regulatory rules, investment prospectus rules, internal firm guidelines, and/or client specific investment restrictions," said Christy Bremner, Senior Vice President, SS&C Institutional and Investment Management.
Firms leveraging Anova 6.3 will benefit from enhanced operational monitoring and reporting. With a single click, users can analyze breaches and drill down into the underlying data used in each compliance test. Documents such as the relevant section of the investment prospectus or specific regulation can be linked to each test. Users are also able to quickly access the historic compliance test results and track breaches day by day.
The latest release empowers users to improve compliance monitoring for AIFMD and UCITS restrictions. Enhancements include the ability to set tolerances and report on tests that are close to breaching. Users then have the ability to identify where newly launched funds have deviated from restrictions and can report exceptions as derogations.
Upgrades to Anova Compliance also include a comprehensive and configurable compliance rules library with sophisticated data management, workflow, and reporting features. Clients will benefit from extended rules coverage to support compliance rules with highly complex and specialized logic such as compliance monitoring for Collateralized Loan Obligations (CLOs). Upgrades also include reporting improvements to facilitate the rapid identification and analysis of breaches and capabilities for calculating complex credit quality and diversity scores.
Additionally, clients now have support for 'what if' scenarios. Users can assess the impact of hypothetical trades and changes to market and reference data on their compliance test results.
Anova is an award-winning, innovative, highly scalable, configurable, and quick-to-deploy suite of products for investment data management. Anova supports the investment management industry by helping to overcome challenges in increasingly complex data management and client delivery requirements. Anova's comprehensive data aggregation, analytics, compliance, position keeping, and reporting tools aid investment firms manage complex IT landscapes and differentiate themselves in customer experience with rich analytics and reporting.
SS&C is a global provider of investment and financial software-enabled services and software for the global financial services industry. Founded in 1986, SS&C is headquartered in Windsor, Connecticut and has offices around the world. Some 11,000 financial services organizations, from the world's largest institutions to local firms, manage and account for their investments using SS&C's products and services.