StarCompliance has partnered with a leading secure data entry service provider to remove the burden of manual entry when processing personal trading statements, leaving Compliance to focus on higher value activities.
The Secure Data Entry Service extracts key data from paper brokerage account Statements and confirmations through an automatic, electronic data feed, and provides them to Compliance in a standardised, intuitive format. We provide brokers with three secure ways to send paper statements to the secure data entry provider:
Postal service to a secure PO Box
Attachments to a dedicated email address
Transfer of scanned documents to a secure FTP server
Every document is keyed twice and checked electronically for inconsistencies before submission into our software. The original copies are then scanned and preserved in a secure and searchable online document storage system.
We can accommodate Trade Confirmations and monthly, quarterly or annual Holdings Statements through the Secure Data Entry service. Trade Confirmation and Holdings Statements will have key data extracted and delivered for Compliance use. Trades confirmed in this way will automatically execute within the system, keeping your records up to date with minimal effort.
Electronic statements are sent to StarCompliance over secure, encrypted protocols and all data files are stored in each client’s dedicated database.