Finance Breaking news Cown goes live n-Tier for CAT reporting last financial news
Breaking-Finance.Com - n-Tier, an innovative technology company that helps institutions minimize the risks and costs of regulatory reporting, announced today that Cowen Inc., a diversified financial services firm, has completed a successful Consolidated Audit Trail (CAT) go-live using n-Tier’s Compliance Workbench platform.
Breaking-Finance.Com - With n-Tier’s Compliance Workbench platform Cowen has implemented an efficient process for aggregating and validating CAT reports from all their external vendors and internal trading systems. n-Tier’s platform provides Cowen with comprehensive validation of its reporting data, the ability to automatically correct pre-submission reporting deficiencies found in vendor CAT files, and the ability to efficiently manage correction and re-submission processes through the platform’s user interface. Commenting on the successful go-live, John Holmes, Chief Operating Officer at Cowen said: "We have worked with n-Tier for years on a range of regulatory reporting projects and are continually impressed with their leading technology, in-depth industry experience and ability to deliver projects on time and without issue. With the implementation of this initial phase of CAT behind us, we are confident that we will be able to actively manage the expansion of CAT reporting obligations.
. The comprehensive, multi-layered validations that their platform delivers helps us reduce our regulatory reporting risk while ensuring the overlapping data used in different reporting regimes remains in sync with our CAT reporting.”Founder and CEO of n-Tier, Peter Gargone commented: "Cowen has been a great partner over the years and we are very happy to be a part of their successful regulatory reporting initiatives. Throughout the CAT rollout we have been impressed with the skills and professionalism of their team and we look forward to helping them stay ahead of CAT requirements and meet any other regulatory reporting challenges that come their way”.
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