Compliance Solutions Strategies (“CSS”), a leading RegTech platform providing technology-driven solutions which enable financial services firms to meet mandatory regulatory compliance requirements, announced the acquisition of AMFINE (“AMFINE”), a provider of SaaS-based regulatory reporting services to European asset managers, asset servicers and insurers. With offices in Paris and Luxembourg, AMFINE serves a top-tier client base and offers a modular and multilingual solution across multiple jurisdictions for the production and distribution of documents covering the full breadth of regulatory reporting and marketing disclosure obligations.
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The combination with AMFINE reinforces CSS’s position as a leading RegTech solutions provider to the investment management market with a comprehensive global offering across fund reporting, transaction reporting, investment monitoring and compliance management. Adding AMFINE’s regulatory reporting solutions, including the production of UCITS KIIDs and PRIIPs KIDs, fund prospectuses and marketing factsheets, will enable CSS to deliver a complete end-to-end fund reporting solution that is unmatched in the market, leveraging integrated data management, regulatory reporting software and document production capabilities. The acquisition also provides CSS with increased scale and reach, adding to its roster of Tier 1 clients and extending its presence and operating base in the heart of the European funds market.
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The acquisition of AMFINE represents a further investment in the evolution of the CSS platform and will result in compelling strategic benefits to clients:
- Providing end-to-end management of the regulatory reporting process from data aggregation and enrichment through to document production and distribution.
- Delivering an enhanced value proposition with the necessary scope and depth to support enterprise risk control, TCO and scalability objectives.
- Creating the potential for a deeper strategic partnership by addressing a critical reporting requirement through the use of a world-class Compliance-as-a-Service (CaaS) platform.
“We’re delighted to welcome the AMFINE team to CSS as we further develop our platform and extend our market coverage,” said Doug Morgan, CEO of CSS. “AMFINE bring highly complementary product capabilities and a stellar reputation earned by helping clients manage complex reporting requirements. With both organizations sharing a strong commitment to customer success, we’re excited to work together to enhance our global regulatory reporting solution and address a broader scope of our clients’ compliance needs.”
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