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SEC Form N-PORT Addressed by Confluence Unity NXT Regulatory Reporting Platform
Data-driven platform to be a complete solution for industry regulatory reporting needs

May 18, 2016

PITTSBURGH – (May 18, 2016) – Confluence, a leader in data management and automation for the global asset management industry, today announced plans to launch the Unity NXT™ Regulatory Reporting platform, a data-driven platform to solve the industry's growing regulatory reporting, data management and filing needs.

The platform will manage the end-to-end filing process for multiple regulatory reports, including the Form N-PORT, an onerous filing requirement pending as part of the Securities and Exchange Commission's (SEC) Modernization Proposal. Form N-PORT is anticipated to be final in the second half of 2016, impacting 13,000 mutual funds once finalized.

The visionary platform is being built to provide a complete solution for data integration, aggregation and reusability for the asset management industry's regulatory reporting needs. The platform's agile design will enable asset managers and asset servicers to rapidly develop new reporting capabilities with minimal cost and complexity as they are mandated by regulatory bodies.

"As regulatory reporting pressures proliferate, capturing and leveraging data as a reusable strategic asset is a top priority in the industry," said Todd Moyer, Executive Vice President of Global Business Development at Confluence. "We estimate that roughly 70 percent of the data needed for Form N-PORT will be data currently being used for a number of other reporting requirements. We developed this platform to enable asset managers to leverage one master set of regulatory data for reporting across their entire enterprise rather than needing to exchange multiple PDFs and data files to meet multiple filing obligations. The Unity NXT Regulatory Reporting platform will make regulatory reporting processes more collaborative and efficient by enabling the use and reuse of a single, validated regulatory data set."

Underpinning the Unity NXT Regulatory Reporting platform is a data hub that harnesses the power of data through optimization and reusability and reduces the ongoing challenges of new and increasingly complex reporting. The Unity NXT Regulatory Reporting platform will enable clients to solve for the entirety of the post-trade regulatory landscape in a comprehensive end-to-end solution.
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Built on the Unity NXT Regulatory Reporting platform, the Confluence Form N-PORT solution will enable clients to automatically import raw data from multiple internal and external systems in their native formats. Users can also leverage the data present in the data hub for other business processes to minimize upfront setup challenges. Confluence will also supplement its technology offering with services to reduce the totality of the burden.

As a trusted partner solving the industry's most challenging fund reporting requirements today, the Confluence response to the SEC Modernization Form N-PORT challenge will be end-to-end and built for purpose, solving the data management, scalability and collaboration challenges that arise from the pending rule.

About Confluence

Uniquely positioned as the single vendor that solves the broad array of complex data-driven challenges for the global investment management industry, Confluence provides a data-centric platform of solutions which share value across products – from data integration and governance to calculation, output and reporting. 

The platform features regulatory reporting, investor communications and performance and analytics solutions and supports a wide array of fund types – including mutual funds, ETFs, alternative investments, institutional portfolios and UCITS funds.

Eight of the top 10 global service providers license Confluence products and eight of the top 10 global asset managers have business processes automated through Confluence.

Headquartered in Pittsburgh, PA, Confluence serves the international fund industry with locations in Brussels, Dublin, Ho Chi Minh City, London, Luxembourg and San Francisco.