Industry

News: Docupace and FDS Integrate Cloud Services

Docupace Technologies and Financial Database Services Integrate Cloud Technologies for Broker Dealers

Integration of Financial Database Services’ CAESAR and Docupace’s ePACS Combine Front Office SEC/FINRA-Compliant Workflow with Back Office Compliance Review and Compensation Processing.

November 2, 2015

LOS ANGELES (BUSINESS WIRE) – Broker Dealer technology provider Financial Database Services (FDS) and financial services information technology company Docupace Technologies, LLC will integrate their platforms to create a seamless SEC/FINRA-compliant cloud-based platform for both front office and back office workflow.

The integration of FDS’ CAESAR®, a broker dealer compensation, compliance and licensing platform and Docupace’s ePACS® Straight-Through Processing system will enable broker dealers to securely process both back office and front office workflow and compliantly on the cloud. The connected platforms will digitally ensure the correct forms from advisors are valid and error-free and undergo compliant and supervision oversight so that all paperwork is in good order and compensation is managed, tracked and SEC/FINRA compliant.

“Our focus at Docupace is to transform the financial services industry so that it is efficient, compliant and cyber secure,” said Michael Pinsker, CEO and founder of Docupace Technologies. “Integrating with Financial Database Services is a fundamental way to do this, because now we can fuse back office and front office technologies into a seamless, secure and compliant platform.”

“FDS’ CAESAR® platform has led the way on making compensation easy, secure and compliant with FINRA CRD licensing requirements,” said David Woltman, President. “Docupace’s ePACS® platform will provide a complete solution for broker dealers. Now they can seamlessly connect the back office with the front office.”

About Docupace Technologies

Based in Los Angeles and a subsidiary of RCS Capital Corporation (NYSE: RCAP), Docupace is a premier provider of secure and federal and state law compliant electronic processing platforms for financial institutions and the wealth management industry. The company pioneered and implemented SEC/FINRA compliant Straight-Through-Processing (STP) technology for the financial services industry. The company’s document management and workflow solutions simplify the process of capturing, organizing, routing and accessing information. Docupace was first-to-market with patent-pending technologies that serve the largest financial service providers and their advisors who, driven by increased levels competition, privacy issues, document protection and government regulation, are adopting the company’s document management and workflow solutions in order to sustain profitability and audit-risk assurance. For more information, visit docupace.com.

About Financial Database Services
Financial Database Services (FDS) is a developer and integrator of broker dealer technologies. FDS pioneered processing automation for broker dealers more than 30 years ago with its renowned CAESAR compensation and compliance platform. CAESAR is a powerful and proven compensation process management system for broker dealers. To date, CAESER has successfully processed more than $30 billion in commissions for some of the largest independent broker dealers. FDS continues to drive innovation by advancing CAESAR’s business process management capabilities, to include FINRA U4 processing solutions, field technologies for on-demand commissions, to advance data interaction capabilities within the financial services data ecosystem. CAESAR has the capacity to serve broker dealers ranging in size from $10 to $500 million across multiple business lines; brokerage, direct, advisory and insurance.

Compliance, Books & Records and Holds

Financial Database Services recently hosted a CAESAR Focus Group with clients around the theme of Compliance where we discussed Books & Records, Hold Recommendations and Compliance Reporting.

One of the items discussed in detail was the need for enhanced tracking of changes made to investment objectives, above and beyond CAESAR’s compliancecurrent data tracking for Books & Records. The common need was for Back Office staff to define what the client’s objective was at the time of the trade for regulatory audits.

FDS has had several internal conversations around this need, and has added a new task to our 2013 product development funnel. At a high level, this new feature will link the client’s investment objective to a trade as it is loaded into CAESAR, manually or from a file. More information will be provided as we finish the Design Document and make it available to you for retrofit.

Another item that came up in the webinar was Hold Recommendations. CAESAR currently has a “Note” features at the Rep, Branch and Trade level. Based upon our discussion, we determined that adding Notes at the client level would be a good place to document Hold Recommendations, as well as other free form notes on an account. This idea has been submitted to our 2013 product funnel, and is in development.