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.
As a global leader in data-driven solutions for efficiency and control, Confluence solves tough data management and automation challenges for the asset management industry, including performance reporting, regulatory reporting, investor communications and fund expense management. Confluence solutions enable asset managers and third-party administrators to consolidate and leverage data across business operations which results in lower costs, reduced risk, decreased reporting turnaround times and the scalability to automate more processes without additional resources. The platform features solutions to support a wide array of fund types – including mutual funds, ETFs, alternative investments, institutional portfolios and UCITS funds.
Seven 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. For more information, visit www.confluence.com.