KOGER Enhances KURE Risk Compliance Module

May 1 2017 | 9:31pm ET

As due diligence, anti-money laundering and know-your-client procedures increase around the world, fund administration software company KOGER has enhanced its KOGER Universal Regulatory Engine (KURE) software with new functionality focused specifically on the management of risk-based compliance.

KURE is a module for KOGER’s flagship NTAS platform for fund administration and compliance. It provides risk-based global regulatory compliance, with investor tracking, classifying and reporting to adhere to anti-tax evasion legislation and anti-money laundering regulations, the company said in a statement. These include FACTA, Common Reporting Standards, and the KYC requirements of the European Union’s Anti-Laundering Directive IV, along with U.S. Department of Treasury Financial Crimes Enforcement Network laws. KURE also produces the specific XML data formatting required by the regulatory agencies in the U.S. and internationally for anti-tax evasion legislation. 

“In the past few years, risk-based compliance has become increasingly complex with new regulations directed toward national and international security and counter-terrorism,” said Ras Sipko, KOGER’s Chief Operating Officer, in the statement. “The various risk criteria differ from country to country and jurisdiction to jurisdiction, based on local laws and transparency.  KURE streamlines the entire process of investor tracking and reporting for fund managers and administrators.”

KOGER’s NTAS platform is a share registry system that manages fund tracking, reporting and fee calculation. In particular, NTAS handles daily transfer agency recordkeeping, investor registration, cash management, trade processing, compliance, reporting and fee processing.  The NTAS platform and its complementary products support all types of investment funds, including hedge funds, private equity, mutual funds, money market funds and pension funds.

Founded in 1994 and headquartered in New Jersey, KOGER was a pioneer of fund administration solutions for alternative investments.  Over time, the company’s signature NTAS product developed into a comprehensive fund administration platform that now serves the entirety of the investment industry. More than 8,000 funds with $2 trillion in assets are administered through NTAS, which is used by many of the largest funds, fund administrators and financial institutions in the world.  

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