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.