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DekaBank Deploy’s SunGard’s Asset Arena Compliance

Offers a pre-installed set of rules that include typical prospectus guidelines, client directions, management restrictions and asset allocation strategies

DekaBank, German Savings Bank Finance Group’s central asset manager, has implemented SunGard’s Asset Arena Compliance (AAC) solution to provide back-office support for all its pre-trade, post-trade and post-NAV compliance requirements. It is expected to help DekaBank to control and manage growing volumes of compliance data, adapt to a wide range of complex regulatory rules, and help minimize compliance-related latency issues.

Reportedly, AAC integrates with DekaBank’s back-office system and provides the users with country specific compliance rules for Germany and Luxembourg, as well as management rules for their investors. AAC also helps to centralize and integrate all compliance data via its connection to DekaBank’s central data warehouse, helping ensure that compliance rules are applied using the same common data definitions.

Thomas Ketter, head of financial risk management at DekaBank’s business division – Asset Management Capital Markets, said: “Asset Arena Compliance gives us a solution that can help us to manage a multitude of compliance scenarios, on a single consolidated platform. Since its successful implementation, we have realized benefits such as improved efficiency for compliance checking of more than 1,000 portfolios and segments, simplified and accelerated integration of additional data and a continued decrease in operational risk.”

Doug Morgan, president of SunGard’s institutional asset management business, said: “DekaBank has long been a valued customer of SunGard. DekaBank’s selection of our new standalone compliance solution demonstrates that our development and enhancement of the Asset Arena solution suite is recognized and appreciated by our customers.”

SunGard provides software and processing solutions for financial services, higher education and the public sector. The company also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software.