RSC Vienna Daten Service Center, a supplier of technical services to the Austrian Raiffeisen banking movement, has installed Aquin Components' investment compliance tool MIG21.
Aquin says that the installation and configuration of the MIG21 system was completed in three months. The vendor also provided user training and set up investment controlling processes.
RSC will use MIG21 to run compliance checks and generate individual reports on a daily basis for custodian banks, capital investment companies and auditors.
RSC says that it needed accurate and efficient compliance checks with high flexibility. Another important requirement was the intergration of market data suppliers like Reuters and Bloomberg.
Dagmar Posch, head of fund administration department, RSC, says: "MIG21 offers a high amount of flexibility and possibilities for parameterisation, which will enable us to define and introduce future rule changes ourselves."