Linedata partners with Seclore for GDPR compliance

With just months to go before the implementation of GDPR, Linedata has formed a partnership with Seclore for data-centric security and compliance with the upcoming regulation.

Linedata, a provider of solutions and outsourcing services to the investment management and credit finance industries, said it will integrate Seclore rights management solution into its Gravitas’ Cybersecurity Services Portfolio. The collaboration will allow clients to protect their most sensitive data regardless of where the data travels or is stored, in any file format, and on any operating system or device according to the company.

Linedata’s global alternative, institutional, wealth and fund manager clients will gain a built-in way to ensure that they are compliant with data privacy regulations around the globe, including the European Union General Data Protection Regulation (GDPR).

“With Seclore now integrated into our Cybersecurity Services, we support Linedata clients in solving a growing imperative in regulatory and fundamental data protection,” stated Gary Brackenridge, global co-head of asset management and servicing at Linedata. “Linedata’s complex, global clients can be confident that their most valuable IP will be protected, comprehensively and seamlessly.”

Seclore Rights Management provides a full audit trail, real-time reporting and alerts of any unauthorised data usage activity. With over 6000 companies in 29 countries using Seclore to protect 10 petabytes of data, the company is helping organisations achieve their data security, governance, and compliance objectives.

Headquartered in Paris, Linedata has more-than 700 clients in 50 countries, achieving revenues of €166.8m in 2016.

Last month, Linedata partnered with London Stock Exchange Group’s UnaVista to effectively address MiFID II transaction reporting obligations. The partnership will see the firm’s mutual clients use UnaVista as an Approved Reporting Mechanism (ARM) to report transactions to National Competent Authorities (NCAs) for all required asset classes.

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