SumRidge Partners (SumRidge) has selected SS&C’s Risk & Compliance Intelligence Platform (RCI), a web-based account, portfolio and transaction monitoring compliance platform.
The fixed income market maker will be using the platform to manage FINRA market manipulation and Reg NMS surveillance requirements.
“SS&C has a proven track record in delivering easy-to-use, effective and accessible compliance solutions,” says Katherine Shim, SumRidge Chief Compliance Officer. “RCI is highly flexible, easy to implement, and gives us access to comprehensive compliance test libraries to support our business.”
RCI provides detailed surveillance and analysis of all transactions, orders, account activity and holdings across an organisation. SumRidge will use RCI’s automated surveillance capability, powered by an extensive library of pre-configured and customisable compliance tests supporting FINRA, SEC, and AML regulations. The platform integrates data across the firm in a single compliance environment, optimising day-to-day compliance operations.
“We are pleased SumRidge turned to us to deliver on their complex compliance requirements,” says Michael Megaw, Managing Director, Regulatory Services. “Our RCI platform sets a new standard for the industry, ensuring broker-dealers, investment advisors and asset managers have cost-effective, customisable ways of managing their workflows.”
