New Range provides an intelligent compliance platform for broker-dealers and fintech firms to automate trade and transaction data analysis. The platform proactively identifies and resolves compliance issues using predictive data models, streamlining regulatory obligations and enhancing security.
Funding
Funding not disclosed
Founders
Product
Problem
Broker-dealers and fintech firms face significant challenges in proactively identifying and resolving trade and transaction compliance issues. Existing manual processes are time-consuming and prone to error, increasing the risk of regulatory penalties and damage to client trust.
Solution
New Range offers an intelligent compliance platform designed to automate the analysis of trade and transaction data for broker-dealers, fintechs, and clearing firms. The platform learns a firm's specific risk profile and regulatory requirements, continuously monitoring data to anticipate and resolve compliance challenges before they are flagged by regulators. This provides a unified view of compliance activities, streamlines repetitive tasks through automation, and enhances security with features like privacy mode and role-based access control. By leveraging predictive data models and simplifying report generation, New Range enables firms to manage regulatory obligations efficiently and maintain client confidence.
Target Audience
The primary target audience includes broker-dealers, fintech companies, and clearing firms that require robust solutions for trade reporting and regulatory compliance.
Features
- Unified 360-degree hub for onboarding, monitoring, and reporting of compliance data.
- Automated agents for streamlining repetitive compliance tasks.
- Advanced security features including privacy mode and strict Role-Based Access Control (RBAC).
- Predictive data models utilizing machine learning for early detection of compliance issues.
- Simplified report generation capabilities for business partners.
- Consolidated business intelligence derived from aggregated data sources.
- Specific support for CAT (Consolidated Audit Trail) and CAIS (Customer and Account Information Service) issue resolution.