Confluence, a provider of automated data management solutions, has announced that The Principal Financial Group has chosen the Confluence Unity Post-Trade Compliance solution to expedite the monitoring frequency of its compliance testing systems.
Prior to implementing this solution, The Principal Financial Group, which manages 112 funds with 614 share classes, was completing testing on a manual basis, using multiple spreadsheets and time-consuming data checks. They wanted the flexibility to do multiple tests each day, refresh data more often, and to comply with new rules without expanding its employee base, or budget.
