COMPLIANCE MANAGEMENT FOR FINANCIAL INSTITUTIONS
For over 25 years Terrapin Technologies has provided regulatory compliance management solutions to financial services organizations. Now, more than ever, you need a strong technology partner to navigate the new rules and regulations and the rapid pace of change in all aspects of your organization.
Terrapin is continually upgrading Pandia to ensure their client’s compliance programs are in accordance with the financial industry’s tumultuous regulatory environment. From AML and KYC compliance to new DOL fiduciary standards, Pandia is there to make sure regulatory requirements are met.
Pandia’s robust data aggregation platform integrates numerous sources of data, enabling clients to eliminate manual processes such as spreadsheets and actively engage with the data in a secure web-based application.
Compliance and Exception Reporting
Sampling of Reports:
- Active Trading
- AML Trade
- Customer Account Liquidation
- High Risk Customer Activity
- Risk Based Trade Review
- Trade Cancellation
In addition, online Trade Blotter and Compliance Report reviews are tracked. Linked with Compensation and Commission Processing, licensing rules for paying commissions are automatically enforced.
DOL Fiduciary Rule Compliance
Pandia’s new investment review feature alerts on DOL related accounts that require the advisor to meet with the client on the account anniversary. This new feature makes use of Pandia’s notes tool as a flexible method to document meeting reason and results. The type of topics discussed (ex: retirement planning, education planning, succession planning), and the details of the discussion (buy, open 529, redeem) are logged in a note field. This documentation can be tied to multiple accounts.