Increased regulatory pressure demands a response from the investment management community. Investment managers can no longer rely on brokers and intermediaries to provide surveillance cover for them. These firms have not traditionally had large compliance departments with teams of staff and are consequently becoming overwhelmed with monitoring and reporting on a large number of transactions on a daily basis. The regulatory landscape is constantly evolving and demands attention and flexibility to adapt as required in a demonstrable and timely fashion.
Powered by AI and machine learning technology, Eventus’ Validus platform empowers compliance officers to be highly efficient in monitoring transactions, identifying potential trade and regulatory irregularities. It is highly customisable to provide a bespoke solution for individual firms’ facts and circumstances. Machine learning automation reduces thousands of false positives to present users with a manageable number of candidate alerts to address. Validus provides and retains a full audit trail of identified alerts and generates bespoke reports for both internal and external use.
Compliance is no longer optional for investment management firms. Failure to comply with regulations often results in huge financial penalties. It is highly likely that capital markets will only become more regulated over time, and firms that can demonstrate that they have comprehensive, robust and efficient surveillance procedures in place will be ahead of the curve. Eventus provides a proven, cost-effective solution for this mandated requirement. Regulatory fines for financial wrongdoing provide good headlines for governments keen to refill treasury coffers. The attention of regulators is not something easily avoided or left to chance, especially for officers individually held responsible.