TerraNua Launches MySuitabilityOffice to Automate Monitoring of Compliance with Customer Suitability Policies

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TerraNua, a leading provider of risk and compliance technology solutions, including the MyComplianceOffice solution, today announced the availability of MySuitabilityOffice. MySuitabilityOffice saves a firm time and money by automating customer suitability policies and procedures against customer and trading data.

TerraNua CEO, Brian Fahey said, "The financial crisis demonstrated a lack of compliance tools in use by many firms to monitor appropriateness of financial products for customers. A lack of affordable automation tools resulted in firms monitoring the suitability of their investment products manually, which introduced significant risk for firms. There have been major fines and significant rule changes as a result. Automation with MySuitabilityOffice allows firms to easily analyze suitability daily and on every transaction and offers them an unrivalled tool for ease of monitoring. With our new solution, we are able to significantly reduce a firm’s cost and workload while simultaneously lowering the risks to the firm."

MySuitabilityOffice combines the advantages of cloud-based software with the ease of reporting and highest levels of security that clients have come to expect from the MyComplianceOffice solution. The benefits of MySuitabilityOffice include a quick and painless implementation, a wide variety of rule capabilities, easy integration with existing data, reduction of risks, significant savings for the firm, and ease of mind on policy monitoring and security. All of these benefits are provided at a very competitive pricing structure.

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About TerraNua         
TerraNua is a leading provider of risk and compliance technology solutions to the financial services sector worldwide. The unique nature of its flagship MyComplianceOffice solution (http://www.mycomplianceoffice.com) enables automation of a broad range of compliance activities, including Conflicts of Interest and Personal Account Dealing and provides an unparalleled ease of use in its approach to monitoring the activities of a compliance program.

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John Kearney

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John Kearney
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