Technology for compliance, for Financial Svcs

CIOL Bureau
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BRIGHTON, US: Automated Compliance Solutions (ACS),  a player in compliance program management software, has announced a partnership agreement with Cardinal Compliance Services LLC, a financial services regulatory compliance consulting firm.

Cardinal, as per a press release, will use ACS Compliance Program Management to create robust compliance programs for its clients by automating and documenting the compliance processes of Hedge Funds, Broker-Dealers, Private Equity Firms, Mutual Funds and Investment Advisers.

“Cardinal Compliance provides a suite of compliance services that are customizable, scalable and targeted for our clients’ needs,” said Pat O’Mara, Cardinal’s Chief Executive Officer. “ACS allows us to bring technology to bear to both increase the effectiveness and lower the costs of our clients’ compliance programs.”

“ACS is unique in that it can be configured to mirror each of Cardinal’s clients’ specific policies and procedures. It provides Cardinal with the power to quickly update their clients’ compliance programs as new regulations and operational procedures necessitate.”

Trum Van Middlesworth, ACS’ Managing Director, adds, “The flexibility of the ACS software combined with the expertise of Cardinal ensures that our customers will have a tailored, holistic compliance program uniquely designed to meet the requirements of their investors, customers, and regulators.”