Cloud Computing model for Dodd Frank Compliance
The Dodd-Frank Act will have a major impact on all financial institutions; CPS II has developed a compliance platform based on a cloud computing model to meet the requirements for compliance to the act.
The CPS II solution meets many of the technical requirements for compliance to the Dodd-Frank act. CPS II has developed a cost effective solution for Small, Medium enterprise clients in banking, Insurance brokerage, Hedge Funds, Asset management and other financial services areas. The solutions will be provided as a consistent monthly bill.
The center supports compliance for the Dodd Frank requirements in the following areas, security, risk management, backup, capacity, disaster recovery and contingency planning, archiving, data downloads, compliance reporting, verification and reconciliation.
Cloud Computing model for Dodd Frank Compliance
The Dodd-Frank Act will have a major impact on all financial institutions; CPS II has developed a compliance platform based on a cloud computing model to meet the requirements for compliance to the act.
The CPS II solution meets many of the technical requirements for compliance to the Dodd-Frank act. CPS II has developed a cost effective solution for Small, Medium enterprise clients in banking, Insurance brokerage, Hedge Funds, Asset management and other financial services areas. The solutions will be provided as a consistent monthly bill.
The center supports compliance for the Dodd Frank requirements in the following areas, security, risk management, backup, capacity, disaster recovery and contingency planning, archiving, data downloads, compliance reporting, verification and reconciliation.

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Phil Hunter Interviewed by GSSOCX

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An interview with: Phil Hunter, Chairman & CEO of CPS II conducted by Rich de Moll, Vice President, The NorthPoint Group, and Founding Partner of GSSOCX

RdeM: In writing about the Dodd Frank Act (Consumer Financial Protection Act) the newspapers have focused primarily on the consumer protection reforms,comprehensive regulation of financial markets, and tools for handling financial crises.  Are there any technological impacts to Financial Services industry being  compliant with the Act?

PH: This legislation will cause significant technology requirements to be met by the financial services industry. These requirements will place a very large financial burden on all financial services companies, but the compliance requirement will be especially difficult for small and medium size companies in banking, asset management, hedge funds and insurance brokerage.

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Cloud Computing Technology Platform for Dodd-Frank Compliance
20% savings the first year with an additional 10% in the following two years
End to End IT Solutions for Small to Medium-sized businesses with one monthly bill
Level the playing field through an aggressive aggregation strategy
Complete Solution For Capital Markets Trading

Commercial Processing Services ("CPS") is a limited liability company chartered in Connecticut and founded by a Hedge Fund executive, who held the position of Chief Strategy Officer for a premier Hedge Fund located in New York City. CPS II offers all IT solutions for Small and Medium-sized Hedge Funds from hardware and hardware services, networks, applications down to real-time collateral management, risk management, compliance, etc.