DIVERSIFIED FINANCIAL SOLUTIONS
In today's highly connected world, an ethical violation by an employee in one business line can quickly escalate into a major news event and company crisis, with enormous reputation and financial consequences.
To prevent these situations, diversified financial institutions that are involved in many lines of business have increasingly begun to employ Best Practices solutions to prevent employee conflicts of interest abuses by their employees involving personal trading, gifts and entertainment, outside business activities and other issues. The stakes are simply too high to be complacent, and the regulators and clients are demanding the best compliance and risk controls.
StarCompliance Software recognizes that diversified financial institutions have unique Compliance requirements, including dealing with several regulatory bodies, and the need for walls between a company's different legal entities.
Star IA/BD was built to handle these issues. Star IA/BD is a powerful enterprise application that is used by diversified financial institutions that are involved in both buy-side and sell-side activities, and governed by several regulatory bodies. Star IA/BD is more efficient and cost-effective than other alternatives as it can be deployed centrally rather than hosted in multiple locations by individual business lines. Star IA/BD features tools created to address the unique needs of each company, while providing secure walls between business lines.
Star IA/BD includes the following features, and was built with the user experience top of mind.
- Surveillance Tools, Forensic Testing and Reporting. Library of pre-defined and configurable conditions and rules to find, detect and report activities. Additional back testing and ad hoc analysis and report building.
- Rules Engine. Library of pre-defined rules that are configurable, as well as ad hoc rule creation, with preventive and detective controls.
- Forms and Certifications. Library of pre-defined electronic forms and work flows designed to meet regulatory requirements. Professional and Enterprise versions can create custom certifications and work flows.
- Broker/Dealer Feeds. Activity,account and position feeds from broker/dealers.
- Firm Data Feeds. Integrate research analyst recommendations, restricted lists, order management, trade execution, HR, T&E and other feeds with the rules engine to automate controls.
- Case Management and Workflow Processing. Configurable case manager, enabling easy and effective tracking of cases and discrete events.
- Pre-Clearance. Pre-clearance of trades, brokerage accounts, gifts, entertainment, outside business activity or any other requests are available and can be configured with the rules engine and workflow processing.
- Alerts and Event Notification. Be notified in real time of any event you want to track, using configurable email, SMS or pager alerts.
- Gifts & Entertainment. Report or pre-clear gifts, political donations, etc. These automatically test against the rules engine for gift value, number of gifts, gifting period, and donor/recipient. Every entry's workflow is configurable.
- User Experience. Built for convenient, easy operation, with personalized dashboards, lists and views. Designed for any user, from occasional up to highly active investors.
Editions
Each of our products is available in three editions, Express, Professional, and Enterprise, built to address the requirements of firms of all sizes and geographic reach.
Express is designed for firms with operations solely in one country and generally less than 200 employees.
Professional is designed for firms with operations solely in one country and several hundred to tens of thousands of employees.
Enterprise is designed for firms with a global presence and several hundred to tens of thousands of employees.