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Data remediation software to identify, track, and address compliance gaps
Optimise your data to comply with the latest regulations
PureClient, remedying data and compliance challenges.
Stand alone platform for remediation
PureClient, whilst integrated with PureFunds (TA system), it is also a standalone system to aid with remediation.
Import data
Easily import your data into the system, seamlessly and without stress.
Create a picture within your data
PureClient will analyse your data, identify missing information and the areas you need to prioritise for remediation.
Prioritise your time and effort
Know where you need to spend your time and resource to fix data gaps in order to meet compliance.
Need immediate help with your data remediation?
Although, PureClient is integrated with PureFunds (TA system) we work with businesses who also use it as a standalone client data management system in bespoke projects to undertake data remediation.
Eliminate the burden of scrutiny from your compliance processes
As fund administrators you are facing increased and evolving scrutiny from financial regulators which can be stressful, labour intensive and time consuming. Relying on outdated spreadsheets or legacy systems can leave you with increased risk of inconsistent, outdated and missing data and implementing corrective measures can be a costly exercise.
Whether you are looking to prevent remediation or are looking for a solution to support you during the remediation process, it is essential to have a robust, multi-jurisdictional platform in place to empower you to have control over your client entity data, fostering confidence in your compliance and operational efficiency. By having such a platform in place, not only will you avoid non-compliance, but heavy and costly penalties.
PureClient process to support the remediation process
Transition your data. Use our experienced team to move across large amounts of data seamlessly so you can focus on the remediation process.
Identify areas for focus. Once your data is in situ, PureClient will support you in reviewing the data, identifying the data gaps or deficiencies.
Use a manual or automated import process. Source the missing information within your data and import easily either using a manual or with our automated data import process.
Remediate your data. You can manually remediate the data using the controls within PureClient to ensure it goes through the maker/checker process or we can support you with a bulk upload and amend the data.
Continue improving your data. Continue using the PureClient system to run and rerun your data to continue checking and improving your data until you have met the remediation process.
Why choose PureClient for your remediation?
Our multi-jurisdictional advanced client data management, CDD, KYC and risk software provides fund administrators a platform to manage their client data with control. PureClient provides a ‘single source of truth’ that gives you a 360-degree view of your clients and their entity structures, whether in a proactive or reactive environment.
PureClient allows you to create, maintain, and update client records in a controlled and confident manner to sustain high levels of quality data. It automatically identifies areas of missing or outdated information, covers changing multi-jurisdictional regulatory requirements and highlights any changes to entity risk ratings. The software can API with external screening providers such as WorldCheck, to deliver an automated screening solution.
With its advanced reporting capabilities, you can automate reports that will satisfy corporate needs, client expectations and all regulatory requirements.
Key benefits
- Trust your data within the PureClient system giving you confidence for reporting purpose.
- Have the ability to manage a variety of simple and complex entity structures.
- PureClient allows you to easily extract data to manage the ongoing changes within the regulatory environment.
- Ability to easily migrate data into PureClient as a result of legacy platforms and new acquisitions.
- Avoid being hit with compliance issues and proactively meet all regulations.
PureClient process to support the remediation process
Know Your Customer remediation is essential to fund management and administration. While optimising your clients’ sensitive data, our software quickly assesses your customers’ anti-money laundering risk to check that they aren’t involved in financial corruption.
PureClient enables real-time data monitoring and it also has advanced reporting capabilities that lets you track your remediation progress. It automatically creates a compliance audit trail, improving your data security and accountability.
What’s more, our powerful remediation analytics will help you evaluate the effectiveness of your data migrations and help you identify patterns and trends.
Consistently handle even the most trivial data across your business and meet your regulatory obligations. Our KYC software easily integrates into other internal and external systems, preventing financial crime and corruption.
Create any type of risk assessment and assign it to specific entity types. All assessments are subject to approval and any number of sign-offs can be applied.
Automatically screen sensitive data for peace of mind and ensure that it’s the most accurate available.
Automate the process of collecting structured and unstructured data and verify its accuracy with our remediation tools.
Automatically produce risk scores using templates that contain required questions, answers and weighting bands. Business rule options also enable you to override calculated assessment scores.
Using the integrated jurisdictional CDD rule sets will allow your business to configure all types of CDD and assign any document to a CDD type. All documents are automatically filed against entities for quick and easy retrieval and questionnaires can be sent instantly.
Easily gather the data you need for board meetings, audits and quickly assess activity with our remediation analytics. Automatically create an audit trail and generate activity logs for compliance actions.
Key contact
Mike Feighan
Mike Feighan is a co-founder of Puritas. His extensive experience and deep industry knowledge drive the company’s growth and success. His strategic role encompasses product development, partnering, client operations, and business development. With a career focused on the funds industry and a passion for technology and change, Mike held senior management positions before founding Puritas in 2006. His expertise and dedication are essential to Puritas’ ability to deliver specialised data management products.
Pricing
Pricing for our data remediation software
We believe in tailoring our Software as a Service (SaaS) pricing model to meet your specific needs. Our goal is to provide a transparent and competitive pricing structure that reflects the robust features, advanced capabilities, and dedicated support that our software offers. In providing several pricing options, we aim to give you access to cutting-edge technology without compromising on quality or service.
Why work with Puritas
Our team has deep industry expertise in fund administration and therefore understands the complexities faced by busy fund administrators and compliance professionals.
Our wealth of knowledge and experience enables us to tailor our offerings to meet your specific market needs and improve your customer experience. We enjoy strong partnerships with our clients where we work in collaboration to fully understand your business requirements in detail, effectively manage the implementation and configuration of our software and take any of the heavy lifting and stress off you. We use the latest technologies, enabling you to stay ahead of the curve and gain a competitive advantage.
We have a high focus on automating often complex or time-consuming processes in order to reduce risk and improve efficiency within the day to day activities for fund administrators.
In addition, our expert data migration team are available to support with moving from legacy platforms, handling acquisitions and to bring on new funds to administer. You can trust that our experts will transfer your valuable data effortlessly.
We will guide you through the entire process, ensuring clear communication, collaboration, and transparency every step of the way. Ultimately, our goal is to deliver exceptional outcomes, meet your objectives and surpass your expectations.
What our PureClient customers say…
"Part of the great relationship with Puritas is very, very close. They're almost an extension of our JTC team. Very collaborative, very open to ideas, but also willing to give their ideas back in case we hadn't thought of something which they might think is key, which has been superb so far because it's meant when we have implemented new tasks, new processes, they meet the requirements that not only that we need, but they also work from a day-to-day perspective for the staff. They listen, they understand, they work with us, they're always available, they're attentive, so it's a really strong and powerful partnership that we have and I'm sure there's more to come."
Through the use of Purefunds and its comprehensive integrated AEoI and AML management functionality, JTC have been able to turn a challenging regulatory function into real commercial opportunities by streamlining and simplifying these processes.
Fund Services
PureClient case studies
Find out more about how our remediation software can help you identify, track, and address compliance gaps.
Puritas Limited, 3a Rue de Funchal, St Helier, Jersey, PO Box 637, JE4 5YU
T: +44 (0) 1534 874 100
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