Benzinga | Nov 16, 2021 09:12AM EST

SS&C Technologies Reports SoFi Securities Selected Co.'s Risk & Compliance Intelligent Platform, No Terms Disclosed

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) today announced SoFi Securities selected SS&C's Risk & Compliance Intelligence Platform ("RCI") to help support its compliance and monitoring program. SoFi will leverage RCI to maintain compliance with FINRA regulations, update written supervisory procedures and policies and bolster its anti-money laundering and transaction monitoring program.



RCI gives users specific features, functionality and compliance tests based on the firm's needs. Data-agnostic, the compliance and surveillance solution can consume any machine-readable data, including home-grown or ad-hoc customer data, to deliver advanced risk and compliance analysis, reporting features and electronic trade blotters. RCI is available as a SaaS offering.

"We are pleased to partner with SoFi Securities to support their compliance and monitoring program," said Mike Megaw, Managing Director, SS&C. "The evolving regulatory landscape continues to raise monitoring and reporting standards for broker-dealers, investment advisors and asset managers. SS&C's goal is to ensure we can simplify that process with the help of advanced analytics, comprehensive compliance libraries and easy-to-use reporting tools."

"SS&C's RCI platform has improved our workflow and reporting mechanisms," said Liam Corey, Chief Compliance Officer, SoFi Securities. "SS&C's comprehensive and accessible compliance library, advanced analytics and a customizable approach to tests features stand out from the pack."

Learn more about SS&C's RCI here.