StarCompliance Overview Brochure (10 April)

Manage
compliance
your way
www.starcompliance.com

The Dangers
of Compliancy
Since 2009, regulators in the
United States and Europe have
imposed fines of $342 billion.
By 2020 Compliance
fines are likely to top
$400 billion.

StarCompliance Brochure
Introduction to
StarCompliance
Your single solution for
compliance and reputation
management
StarCompliance offers powerful, customizable
compliance software to automatically detect
and mitigate potential employee conflicts of
interest and market abuses, safeguarding the
integrity and reputation of your organization.
In today’s global business environment, robust compliance
programs and strong regulatory safeguarding are more
important than ever. StarCompliance has developed an
advanced, user-friendly web-based application to respond to
the unique challenges faced by compliance and governance
teams. It gives you a fast, rigorous, automated way to detect
and mitigate potential employee conflicts of interest and
market abuses that could damage your business.
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StarCompliance Brochure
WHY CHOOSE
STARCOMPLIANCE
Using the STAR platform saves considerable
time and resources for any compliance team,
by automating the vast majority of compliance
decisions. As well as improving efficiency, the
system provides a host of valuable services and
reports to make your regulatory compliance
regime as airtight as possible. It gives you a
360-degree view of all employee activity and
behavior, accessed on a single, user-friendly
system.
In addition, the STAR platform gives your
leadership the peace of mind that every possible
measure is being taken to identify and mitigate
conflicts of interest and ensure complete
regulatory compliance in your business – using
the very latest data and technology.
WITH STARCOMPLIANCE
YOU CAN
Save time and resources monitoring conflicts of
interest and market abuse.
Improve the speed and accuracy of conflict of
interest detection.
Quickly and easily collate management
information and reports.
Reduce risk of regulatory breaches, financial
penalties and reputational damage.
Achieve a paperless compliance process.
Create a user-friendly compliance management
system for all end-users.
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Our Solutions
Compliance management solutions designed around you
The STAR application is an all-in-one solution, designed to improve the efficiency and
effectiveness of regulatory compliance processes. Our solutions fall into two categories:
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Conflicts of interest solutions
Automate the monitoring and mitigation
of employee conflicts of interest in
personal trading, gifts and entertainment,
outside business activities and political
donations – helping your compliance
teams work better, faster and more
effectively.
Market abuse solutions
Automatically screen for employee trades
completed prior to key market events,
such as price movements or mergers –
giving you a faster, simpler and more
accurate way to monitor and prevent
insider trading.
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StarCompliance Brochure
CONFLICTS OF INTEREST SOLUTIONS
OUR PRODUCTS
Automated conflict of interest detection and prevention
Your customized StarCompliance software will help you to identify and mitigate conflicts of interest across your business.
We offer five products that address the key areas of concern for large financial institutions:
PERSONAL TRADING
Monitoring employee personal trading activity is of significant importance to any investment
business. To minimize risk, compliance teams need a way to ‘pre-clear’ any intended transactions.
StarCompliance software automates this process, assessing requests against a fully configurable rules
engine to give employees a rapid permission or refusal to trade.
GIFTS AND ENTERTAINMENT
Gifts and entertainment can be crucial to maintaining good employee-client relations, but needs
to be managed and monitored properly. The StarCompliance Gifts & Entertainment product allows
employees to pre-clear and report planned gifts and entertainment, ensuring that gifting limits for
each client, supplier or employee are not exceeded.
OUTSIDE BUSINESS ACTIVITY
Employees with business interests or board-level roles outside your company need to be especially
careful to avoid activities that could cause conflict with your business. The STAR platform enables your
employees to quickly and easily declare outside business activities, using fully customizable declaration
forms.
POLITICAL DONATIONS
Our Political Donations product enables you to monitor contributions to politicians and political entities,
while safeguarding your business reputation. The STAR application allows you to automatically monitor
employee political activities to ensure they do not exceed donation limits. It simplifies the process of
monitoring political contributions across countries, lines of business and user groups.
PRIVATE INVESTMENTS
Conflicts of interest between outside organizations and the firm can be avoided with our private
investments product, enabling you to monitor employee activity related to personal investment
decisions. The STAR platform enables your employees to quickly and easily declare private investments,
using fully customizable declaration forms.
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Product Features
Our conflicts of interest products provide a range of features to
help you optimize your compliance operations:
Pre-clearance
Surveillance
Case management
This feature enables you to automate
all pre-clearance activities associated
with personal trading, gifts and
entertainment, outside business activity
or political donation requests. Employees
fill out a pre-clearance request form and
await an automated response-approval/
denial or need to review.
The pre-clearance feature maximizes the
benefits of STAR’s integration with your
company’s HR systems, meaning that all
details about each employee are taken
into account in determining whether a
requested activity constitutes a conflict
of interest.
The STAR platform collects and
integrates data from systems across your
business, which are cross-referenced
when any employee request is made.
Data is drawn from HR and CRM
systems, order-management systems
and executed trade records, as well as
public data sources, such as news feeds.
Your compliance team can use this
feature to survey employee records for
anomalies or patterns of behavior that
may require investigation. Many of the
checks can be automated to identify
suspicious activity.
The case-management feature brings
together all possible trading or gifts
and entertainment breaches that
may require investigation by the
compliance team. You can collate
data and evidence, add annotations
and assign the case to relevant team
members. The whole cycle, from
detection through investigation to
resolution is recorded in the system
for audit purposes.
Reporting and management
information
Rules configured for your
business
Certifications and
attestations
The STAR software includes a
comprehensive reporting and
management information suite,
providing a 360-degree view of all
employee behavior and activity. The
platform generates comprehensive,
meaningful and easily accessible reports,
which can be distributed automatically
at required intervals. More than 100
standard graphical report templates are
available, and our easy report builder
enables you to create many more to suit
your requirements.
The rules applied to employee
pre-clearance requests are highly
configurable. Each request goes
through a rules engine programmed
with your business’s specific rules and
policies. In cases where automated
approval or denial is not possible,
the system will escalate the request
to a multi-level review process, with
queries sent out to relevant decisionmakers
in your business.
The STAR application enables
you to automatically collect and
store regulatory certifications and
attestations from your employees.
At regular intervals you can collate
all data on each employee into an
attestation for them to check and
approve. By submitting an attestation,
the employee is confirming that all
recorded information is accurate.
Approved certificates are stored by
the system for future reference.
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The more data you can integrate into the
system, the more you can automate your
processes and decision-making in relation to
conflicts of interest.
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StarCompliance Brochure
MARKET ABUSE SOLUTIONS
OUR PRODUCTS
Detecting trades ahead of price movements
or significant events
The STAR platform can help your organization remain
compliant with relevant aspects of market abuse
regulations. Our market abuse solutions focus on helping
you tackle insider trading, enabling you to monitor
employee activity in the context of significant market
events.
INSIDER TRADING DETECTION
INSIDER LIST MANAGEMENT
Insider trading is one of the most significant risks
for any financial services firm. If detected, insider
trading can cause serious reputational and financial
damage to your organization. Our Insider Trading
Detection product enables your compliance team to
actively manage employee trades, contextualizing
them against market activity to identify potential
illegal trading that may have been motivated
by inside information.
Issuers and all firms acting on their behalf, such as
investment banking divisions, must keep a list of all
people who have inside information at any time.
Our Insider List Management product enables you to
maintain and manage this database, and handles all
communications with the employees concerned. This
means that if regulators ever request information
about potential insider trades, you have all the
details required at your fingertips.
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WHAT’S IMPORTANT
Detecting trades ahead of price movements
or significant events
Your compliance team can use our Market Abuse solutions to
screen for employee trades that occurred prior to key market
events, such as price movements, mergers or acquisitions –
potential indicators of insider trading. This saves significant time
and resources in carrying out the task manually – and offers much
greater accuracy. Following detection, a compliance officer can
raise a case in the system, with links to all relevant information
and news articles, so the likelihood of insider trading can be
properly assessed.
STAR uses newsfeeds from diverse, respected sources, and
applies a powerful filtering and indexing system to highlight
items that are most relevant to your business. The system
cross references these news events with your employee
trading data, looking for any unusual trades that
could have been based on inside information.
By automatically gathering and sorting
the contextual information surrounding
employee trades, the Insider Trading
product helps you to catch incidents
that may otherwise slip through
the net.
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StarCompliance Brochure
Our Clients
Service excellence – from
implementation to ongoing
support
Serving global financial organizations
The StarCompliance platform is trusted worldwide by major
enterprise firms and financial institutions. The STAR application
offers resource savings, process efficiencies and regulatory
compliance assurances to a wide portfolio of clients, including
asset-management firms, investment houses, banks, broker-dealers,
hedge funds and insurance companies.
These global clients enjoy support and high standards of
personalized service from our compliance technology specialists.
The StarCompliance team, located around the world, will support
you every step of the way as you implement the STAR platform
– from initial advice and planning, through to configuration,
deployment and ongoing support.
Customized training and software development
We provide comprehensive, personalized training for
your compliance teams, supported by a dedicated
training expert. You have access to a robust
knowledge base, user guides and monthly
training webinars to support your day-today
usage of STAR technology. We also
provide resources and training sessions
for new features and enhancements,
as they are added to the platform.
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StarCompliance Brochure
CASE STUDY:
Global asset-management firm
StarCompliance technology is enabling the US-based compliance team of this major
financial organization to manage the compliance requirements and improve regulatory
performance for a global workforce of more than 7,800 employees.
The STAR platform has delivered significant efficiency improvements and time savings. Prior
to STAR implementation, only 25% of transaction confirmations were posted automatically.
This has now increased to 93%, using data feeds from more than 20 broker-dealers. The
company has also achieved a 100% on-time completion rate for the annual compliance
certificates it collects from all employees.
“Our goal with STAR is to make it
our employees’ one-stop shop for all
compliance activities. We wanted to
make it as easy as possible for people
to meet their obligations… STAR makes
compliance quick, convenient and
straightforward for everyone.”
Legal Compliance Manager
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StarCompliance Brochure
Technology & Security
Compliance software designed by technology specialists
for technology specialists
Secure technology to enhance your compliance operations
The STAR application is supported by unrivalled technology in our hosting
facilities, servers and in the software itself. We develop our application
entirely in-house, with no third-party components or features, and a focus on
security across every product and feature. The STAR platform can help your
firm comply with SEC, FCA, FINRA and MiFID regulations and laws such as the
UK Bribery act and the Foreign Corrupt Practices Act, to name a few.
Our team of developers, analysts and specialists work tirelessly to constantly
evolve our product to meet the diverse needs of clients and the ever-changing
regulatory environment.
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StarCompliance Brochure
SECURE, RELIABLE COMPLIANCE TECHNOLOGY
STAR software has been designed by technology specialists to provide exceptional
data security, combined with ease of implementation, reliability and usability.
System security
Effective security features are built into our
software and networks, including single sign-on,
roles-based access control, data encryption,
firewalls with IPS, Host Intrusion Prevention
Systems (HIPS) and endpoint security.
Governance, risk and compliance security
The STAR platform is hosted in SOC 2 and/or ISO
27001 data centers with 99.98% availability. As
an organization, StarCompliance is ISO 27001,
ISO 9001, E.U.-U.S. and Swiss-U.S. Privacy Shield
Framework certified.
Data location security
Our data hosting locations are subject to the
highest levels of physical security, including
24/7 security guards, biometric access systems,
multiple power back-up systems, bulletproof
glass/walls, cameras with digital recorders, and
more.
Technical integration
The STAR system can integrate with many other
enterprise systems including HR, expense, ordermanagement
and trading systems. Standard
file import specifications enable your IT teams
to quickly identify and extract the required
information.
CUSTOMIZATION TO SUIT THE WAY YOU WORK
The STAR platform is characterized by its configurability, making it the most
personalized compliance solution on the market. Your STAR application can
be entirely configured to your requirements through extensive, easy-to-use
options and management tools.
Enterprise user management
The system can manage the varying requirements
of multiple business divisions, each with
differing workflows, processes and certification
requirements – simplifying complex compliance
requirements through a single, user-friendly
platform.
Internationalization and localization
The versatile platform has been designed to
operate in different countries, with no need for
redevelopment every time you add a new territory
or language. The system can be easily tailored
for each country, with date, time zone and
local currency adaptations, alongside language
translation capabilities.
Choose your preferred hosting option
You can host the STAR application data at your
own site, or opt for managed hosting at our
state-of-the-art, Tier-3 data centres in the UK
and US. These offer exceptional security and
robust back-up systems to ensure your data is
always accessible.
Microsoft Gold Partner
StarCompliance is a Microsoft Gold Partner,
giving us access to the tools and support we
need to provide the best compliance software in
the marketplace and build the closest possible
working relationship with Microsoft.
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StarCompliance Brochure
Take to the experts
If you’re looking for software with robust compliance
solutions that will improve business efficiency while
safeguarding the integrity and reputation of your
organization, look no further.
Schedule a personalized demo with a Star professional to see what the STAR
platform can do for you.
+1 301-340-3900
info@starcompliance.com
451 Hungerford Drive, Suite 515, Rockville, MD 20850
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ABOUT STARCOMPLIANCE
StarCompliance is the leading provider of compliance
technology solutions. Trusted globally by enterprise financial
institutions, the user-friendly STAR platform empowers
organizations to achieve regulatory compliance while
safeguarding their integrity and business reputations.
Founded in 2000
Dual US & UK headquarters
A Luminate Capital Partners portfolio company
50% of annual revenue reinvested in R&D
Software complies with SEC, FINRA, FCPA, FCA,
UK Bribery Act and MiFID
System supports 70+ brokerage feeds
Software deployed in over 50 countries
Certifications
Certification No.000000
Certification No.000000
CONTACT US
451 Hungerford Drive
Suite 515, Rockville, MD 20850
+1 301-340-3900
info@starcompliance.com
www.starcompliance.com