CSS acquires regulatory reporting services provider AMFINE

RegTech company Compliance Solutions Strategies (CSS) has acquired AMFINE, a provider of SaaS-based regulatory reporting services to European asset managers, asset servicers, and insurers.

The financial terms of the deal were not disclosed.

Compliance Solutions Strategies provides technology-driven solutions for helping financial services companies to comply with mandatory regulatory compliance requirements.

AMFINE, which has offices in Paris and Luxembourg, is said to cater to a top-tier client base. The company provides a modular and multilingual solution across various jurisdictions for the production and distribution of documents spanning the complete breadth of regulatory reporting and obligations pertaining to marketing disclosure.

CSS acquires regulatory reporting services provider AMFINE. Image courtesy of Compliance Solutions Strategies.

Compliance Solutions Strategies said that its combination with AMFINE strengthens its position as a RegTech solutions provider to the investment management market with a global offering across fund reporting, investment monitoring, transaction reporting, and compliance management.

The RegTech company further said that the regulatory reporting solutions of AMFINE, which includes the production of UCITS KIIDs and PRIIPs KIDs, marketing factsheets, and fund prospectuses will enable it to offer a complete end-to-end fund reporting solution that is claimed to be unmatched in the market. The fund reporting solution will make use of integrated data management, regulatory reporting software, and also capabilities in document production, said Compliance Solutions Strategies.

The acquisition is also said to give Compliance Solutions Strategies with increased scale and presence, adding to its roster of Tier 1 clients and extending its footprint and operating base in the heart of the European funds market.

Doug Morgan – CEO of Compliance Solutions Strategies said: “We’re delighted to welcome the AMFINE team to CSS as we further develop our platform and extend our market coverage.

“AMFINE bring highly complementary product capabilities and a stellar reputation earned by helping clients manage complex reporting requirements. With both organizations sharing a strong commitment to customer success, we’re excited to work together to enhance our global regulatory reporting solution and address a broader scope of our clients’ compliance needs.”