|[April 26, 2012]
Terrapin Technologies Releases License Manager
MINNEAPOLIS --(Business Wire)--
Terrapin (News - Alert) Technologies announces the addition of the License Manager
module to its PANDIA suite of data integration tools. License Manager is
designed to track, manage and share data on security exams, insurance
licenses and carrier appointments for organizations serving banking,
insurance and financial services markets. It facilitates importing the
data into PANDIA and allows customers to actively manage the data in
electronic format, an improvement for many using manual record-keeping
and spreadsheets. License Manager is available immediately.
License Manager leverages Terrapin Technologies' long history in
successfully aggregating data for financial reporting and is designed to
help bank-owned broker dealers proactively manage adherence to license
requirements in the states where they conduct business. It will import
data from sources such as FINRA's Web EFT and RegEd and facilitate the
management of that data, accelerating responses to audit requestsand
putting users in a better position to avoid the expense of fines for
"Our experience and feedback from customers led us to develop a way to
make license tracking more automated and more timely," commented
Kristefor Lysne, President, Terrapin Technologies. "License Manager will
help our customers to integrate data into PANDIA from insurance
companies and regulatory bodies enabling them to strengthen their
compliance efforts, create efficiencies and improve reporting."
The development and administration of programs that ensure financial
institutions are in compliance with SEC (News - Alert) licensing requirements is
becoming increasingly important in U.S. financial services markets.
Compliance is the critical first step in ensuring that best interests of
clients are served and also in managing risk. License Manager from
Terrapin allows compliance administrators to access a comprehensive view
of all license information and to automate checks on a real time basis.
Terrapin Technologies, a privately held company based in Minneapolis,
Minnesota, is a leader in the area of bank back office operations and
technologies. The company has delivered a fully hosted service for U.S.
banks for over 30 years in all areas of financial reporting including
accounting, CRM, commissions, compensation, compliance, and sales
reporting. Terrapin's flagship product is an integrated collection of
tools and processes called PANDIA which leverages Terrapin's 30+ years
of successful customer relationships in the financial services industry.
For more information, please visit: http://www.terrapintech.com/
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