Compliance Solutions Strategies

CSS and cleversoft Form Strategic Partnership

Pressmeddelande   •   Maj 28, 2019 09:07 CEST

NEW YORK / Munich – Compliance Solutions Strategies (CSS) and cleversoft are pleased to announce a strategic partnership to connect CSS’s global RegTech platform with cleversoft’s docCreator™ platform, enabling clients to access an end-to-end service for meeting requirements under PRIIPs.

The PRIIPs regulation has had a substantial impact, creating numerous challenges for providers of investment products, such as banks, investment managers and insurers.

CSS’s Amit Dass, Managing Director, Operations EMEA who oversees CSS’s Global Partnerships states, “CSS is very excited to partner with cleversoft. The partnership will allow clients to use a single entity for data sourcing and management, calculations, KID document production and distribution”.

” Florian Clever, Founder and CEO of cleversoft, adds “We are looking forward to extending the integrated data management plattforms of Accudelta and silverfinch to directly connect to cleversoft’s state of the art document generation solution. We are excited to allow the broad international customer base of CSS to easily tap into creating regulatory compliant PRIIP KIDs with an integrated user experience.”

CSS already supports clients with PRIIPs services for Transaction Cost Calculation (TCC), SRI, Performance Scenarios and RIY calculations and Data Template production and distribution. The partnership with cleversoft allows CSS to extend its offering to include a fully automated end-to-end service including calculation, document generation and dissemination of UCITS KIIDs and PRIIP KIDs.

John Lee, President of CSS, notes “cleversoft’s products align perfectly with our existing product suite. The cleversoft team has developed a unique automation of business processes for regulatory documents that will allow CSS to offer additional value to our clients and prospects as we continue our European expansion.”

About CSS

CSS is a global RegTech platform delivering a set of comprehensive and highly complementary, technology-enabled regulatory solutions that serve compliance professionals across the financial services industry. The CSS platform’s solution-offering encompasses regulatory reporting, regulatory data management, trade monitoring and analysis and compliance services. CSS addresses a full range of mandatory regulatory and compliance requirements globally and serves a client base across asset managers, alternative investment funds, investment advisers, broker-dealers, banks and insurance companies. CSS maintains a global footprint across both the United States and Europe with offices in locations including New York City, Salisbury (CT), Dublin, London, Paris, Stockholm and Amsterdam. For information please visit: https://www.compliancesolutionsstrategies.com/

About cleverSoft

Founded in 2004 the cleversoft group is a leading cloud based RegTech provider for financial services. The company is headquartered in Munich with offices in Amsterdam, Frankfurt, Nuremberg, Luxembourg and Sofia. We optimize and automate business processes for regulatory documents, marketing materials, commission payments and other back office processes or over 300 clients around the globe.

CSS is a global RegTech platform delivering a set of comprehensive and highly-complementary technology-enabled regulatory solutions that serve compliance professionals across the financial services industry. The CSS platform’s solution offering encompasses regulatory reporting, regulatory data management, trade monitoring and analysis and compliance services. CSS address a full range of mandatory regulatory and compliance requirements globally and serves a client base across asset managers, alternative investment funds, investment advisors, broker-dealers, banks and insurance companies. CSS maintains a global footprint across both the United States and Europe with offices in locations including New York City, Salisbury (CT), Dublin, London, Paris, Stockholm and Amsterdam.