Compliance News: Mantas Launches Two New Compliance Solutions

Mantas, a Herndon, Va.-based compliance software provider for the banking and financial services markets, has launched two new compliance solutions. Mantas Advance enables the integration of all compliance data, information, risk management and document management systems into a single end-to-end compliance hub. Mantas Select enables the selection of behavior detection scenarios across all of Mantas compliance and operational risk management solution sets-Anti-Money Laundering, Trading Compliance and Broker Compliance. "Technology usage, while not explicitly mandated by industry regulators, is a critical success factor for financial firms to meet their compliance obligations," said TowerGroup senior analyst Breffni McGuire, in the press release. "Mantas Advance and Mantas Select demonstrate the company's willingness to support the diverse requirements of a wide range of financial institutions."

Heitman Selects Financial Tracking Technologies for SEC Compliance

Heitman, a Chicago, Ill.-based real estate investment management firm with approximately $11.4 billion in assets under management, has selected Greenwich, Conn.-based Financial Tracking Technologies (FTT) for SEC compliance solutions. FTT is a financial software and financial data processing company that provides automated and consistent data scanning. Companies using its technologies to detect undesired trends in securities and financial portfolios and material violations of compliance requirements. FTT's areas of service include mutual fund service provider oversight, fair and timely trade allocation, anti-money laundering, portfolio process consistency, pre-trade clearance, automated 204A-1 reporting, best execution, favoritism/decision checking, excessive account activity alerting and safeguarding of client assets.

1 of 3