Confluence Named Finalist for Two 2017 FTF News Technology Innovation Awards
Shortlisted for Best Performance Measurement and Attribution System and Best Regulatory Reporting Solution
March 6, 2017
PITTSBURGH – (Mar. 6, 2017) – Confluence, the global leader in investment data management automation for regulatory, investor communications and performance and analytics, announced today that it has been named a finalist for the 2017 FTF News Technology Innovation Awards in two categories: Best Performance Measurement and Attribution System and Best Regulatory Reporting Solution. The annual Technology Innovation Awards recognize financial technology vendors, service providers, industry bodies and regulators that have made notable strides and achievements in operational excellence.
This marks the second consecutive year in which Confluence has been named a finalist for Best Performance Measurement and Attribution System. This category honors performance measurement providers that offer systems for exemplary calculation of returns for portfolios, attribution effects for equity and fixed-income portfolios and ex-post risk, absolute and relative. Confluence's Unity® Performance & Analytics is a flexible, scalable solution that helps clients reduce operational risk and increase service quality, enabling performance teams to become strategic partners to the front office. Through this solution, Confluence has delivered a state-of-the-art workflow capability that supports full exception-based processing and allows analysts to focus on real data and return issues with full traceability to the source of the problem.
The Best Regulatory Reporting Solution category recognizes providers that have helped firms optimize the management of their regulatory reporting, as well as review and revamp data management and governance issues, mitigate redundant and repetitive processes and pave the way for streamlined reporting regimes across the enterprise. Confluence's pioneering Unity NXT™ Regulatory Reporting platform, launched in May of 2016, delivers speed and flexibility, utilizing straight-through processing with automated exception-based analysis. Underpinning the platform is Synapse™, which provides data integration and workflow automation that easily accommodates changes to reporting requirements. The platform's agile design enables development of new capabilities with minimal cost and complexity as new regulations are mandated. Through this platform, Confluence helps clients support their entire reporting process for post-trade regulatory filings from one data-centric platform—eliminating the need for multiple, disparate systems.
"We are thrilled to once again be named a finalist for the FTF News Technology Innovation Awards, and even more delighted to be in the running for two categories," said Mark Evans, Chairman, CEO and President at Confluence. "Confluence has diligently worked to provide our clients with a flexible platform of solutions that drive efficiency in data management and reporting. We are proud to provide ongoing value for our clients through our Unity Performance & Analytics, and most recently, our Unity NXT™ Regulatory Reporting platform."
Confluence is a global leader in data-driven solutions that solve tough data management, automation and regulatory challenges for the asset management industry. Headquartered in Pittsburgh, PA, Confluence operates offices across 14 different time zones globally, including Brussels, Dublin, London, Luxembourg, Ho Chi Minh City and San Francisco.
Award winners will be announced in June at a ceremony in New York City.
Confluence is a global technology solutions provider delivering innovative products to the worldwide money management industry, to meet asset managers’ and service providers’ performance, reporting, analytics, risk and data needs. With the recent acquisition of StatPro, Confluence offers its clients a broader range of data-driven managed investment solutions including post-trade regulatory and shareholder reporting, performance and attribution, portfolio analytics, and asset data services and data management, delivering a full technology suite to the front, middle and back office. Headquartered in Pittsburgh, PA, Confluence serves the international fund industry with locations across Europe, North America, South Africa, Australia and Asia.