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You are here: Home / EST Contributed Content / KOGER Beefs Up Compliance Tool
KOGER Beefs Up Its Financial Industry Compliance Software
KOGER Beefs Up Its Financial Industry Compliance Software
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KOGER Enhances Its Compliance Software For Complete Financial Crime Prevention -- System provides comprehensive due diligence and monitoring for the entire customer lifecycle

NEW YORK -- March 5, 2018 -- KOGER® Inc., a global financial services technology company, announced that it has enhanced its compliance technology to provide a comprehensive tool for financial crime prevention. The company's KURE software handles all aspects of Anti-Money Laundering and Know Your Client (AML/KYC) due diligence, as well as complete Customer Lifecycle Management (CLM).

The software is built on three interrelated states of compliance -- onboarding, due diligence and off-boarding -- and handles the process in its entirety, covering the entire customer or investor lifecycle. The system provides automated, real-time, ongoing monitoring with a comprehensive implementation process that allows for tailoring to the financial organization's specific needs. Regulations supported on the one platform include the US Patriot Act, the EU Anti-Money Laundering Directive 4 (AMLD 4), Foreign Account Tax and Compliance Act (FACTA), Common Reporting Standards (CRS), Her Majesty's Revenue & Customs (HMRC) and Anti-Money Laundering and Counter Terrorist Financing (AML/CTF).

"We developed the software to essentially be a single source of truth that removes the guesswork from preventing financial crime. KURE automates and manages the complete and complex process of due diligence and ongoing monitoring, as well as reporting. We've found that it can reduce the compliance time to realize customer revenue by 35%, and audit costs by some 30%," said Ras Sipko, KOGER chief operating officer.

The software's AML/KYC module offers extensive audit tracking, with full investor sanctions screening. The system creates a record when an investor is entered into the database. Investor screening is then fully automated and can be done at the click of a button on a regular basis, based on the criteria established by the financial organization.

The technology also includes a suspicious activity monitoring system that can run around the clock and monitors any trade which may be considered suspicious or a threat. For example, an organization can be alerted to all trades above or below a certain threshold, or be flagged on a trade that breaches the software's dynamic risk calculation.

Investor or client off-boarding is compliant with the EU General Data Protection Regulation (GDPR) requirements for customer data. The system has purging and masking capabilities for customer information; tracks inactive, dormant or obsolete accounts; tracks data retention policies per tax jurisdiction; and notifies the financial institution when customer data should be purged.

KOGER provides software for investor services, compliance and business process management, serving global financial institutions, banks and asset managers including hedge funds, private equity funds and mutual funds. The company's technology supports more than 8,000 funds with $2 trillion in assets.


KOGER Inc. ( is a global financial services technology company that provides software for investor services, compliance, and business process management. KOGER's technology supports more than 8,000 investment funds with $2 trillion in assets. The company's product suite automates transfer agency processes; Know Your Customer (KYC) and Customer Lifecycle Management (CLM) financial crime prevention; STP trades and payments; private equity administration and carried interest accounting; and pension administration. KOGER works with global financial institutions and asset managers, including hedge funds, private equity funds, mutual funds and money market funds. Founded in 1994, the company has offices in the US, UK, Europe, Asia and Australia.

Image credit: iStock.

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