Princeton Financial Systems Strengthens UCITS Support with Latest
Enhancements to MIG21® Compliance Suite
PRINCETON, N.J. -- September 5, 2013
Princeton Financial® Systems, a part of State Street Global Exchange, today
announced the launch of the latest enhancements to MIG21, its market-leading
investment compliance and risk monitoring solution, with specific
functionality to address upcoming UCITS regulatory changes.
MIG21 7.4 improves asset reclassification, which is now integrated as a
standard function and allows simple manual and automated reclassification of
assets, and significantly increases the speed and performance of calculating
global exposures. The latest version also provides improvements in the user
interface with a range of new administrative features. For example, users can
now export mapping configurations to facilitate analysis, documentation and
archiving and the memo function has been expanded, improving compliance breach
“We continuously work to monitor and anticipate the impact of the constant
influx of regulatory updates on our customers’ needs in order to provide them
with the best solutions to support their business priorities,” said Ronald
Knecht, product director and vice president at Princeton Financial Systems.
“MIG21 7.4 provides our customers with mission critical tools and
functionality to more efficiently and effectively manage their compliance.”
“We look forward to continuing to enhance our investment management software
solutions and will build on our successful framework within State Street
Global Exchange in the coming months,” said Ivan Matviak, senior vice
president of State Street Global Exchange.
MIG21 is the compliance system of choice for seven of the world's ten largest
global custodians, as well as many asset and fund managers, insurance
companies and hedge funds in all parts of the world. MIG21 optimizes and
automates pre-trade and post-trade investment compliance checking, and
improves the administration of regulatory, prospectus and internal investment
guidelines and resolution workflows. A flexible rules engine combined with
advanced data and resolution management tools provide fully auditable controls
of the investment process.
MIG21 integrates with Princeton Financial Systems' LawCard® Service, enabling
investment organizations to rapidly expand into new legal jurisdictions and
adapt to new regulations without overheads or delay. LawCards are
comprehensive predefined rule sets for MIG21® covering country-specific legal
investment restrictions of the world's major financial centers. They support
all asset classes as well as complex structured products and derivatives.
About Princeton Financial Systems
Princeton Financial Systems, a part of State Street Corporation’s (NYSE:STT)
Global Exchange division, is a leading provider of comprehensive, front to
back office solutions to several of the top asset managers, insurance
companies, custodians, pension funds, and banks spanning the world.
Princeton’s software solutions provide clients with the technology and
services they need to reduce risk, improve efficiency, and provide
transparency throughout the investment lifecycle. Whether it’s Princeton’s
core investment accounting solution, compliance monitoring, data management,
or performance measurement, attribution, and risk analysis, more than 430
firms rely on Princeton to meet their investor demands and work in an
increasingly complex regulatory environment. For more information, please
Princeton Financial Systems
Michele Boudway, +1-609-514-4576
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