Paragon Data Labs Welcomes New Client Schonfeld Strategic Advisors; Highlighting the Need for Adaptable Compliance Technology Solutions

NEW YORK--(BUSINESS WIRE)--Paragon Data Labs (“Paragon”), a state-of-the-art compliance technology company, announces the signing of Schonfeld Strategic Advisors LLC (“Schonfeld”) to Paragon’s revolutionary cloud-based compliance platform.

The partnership solidifies the fast-paced growth of Paragon, signaling an increasing demand for customization and scalability among large financial institutions.

“We are consistently evaluating our service providers and infrastructure to ensure that we are offering our clients and LPs the best possible partnership and best-in-class service. We are proud to be early adopters of Paragon’s modern compliance technology solutions that enhance our global platform,” said Thomas Wynn, Chief Compliance Officer of Schonfeld.

Paragon’s technology offers improved operational efficiency and employee experience through automation and streamlined workflows. Their full-service migration, implementation, and dedicated customer support highlights collaboration, a cornerstone of the Paragon mission to make compliance simple.

“We’re proud to kick off a long-term partnership with Schonfeld,” said Jefferson Mitchell, Co-Founder and CEO of Paragon Data Labs. “By providing a fully-tailored and intuitive employee compliance platform for our clients, Paragon is continuing to make strides to service large-scale financial institutions in need of a modern solution.”

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About Paragon Data Labs

Paragon Data Labs is a compliance technology company serving regulated financial firms and exempt reporting advisers (ERAs) looking to register. Paragon’s platform is a fully customizable and scalable cloud-based solution that automates and centralizes key compliance data. Paragon streamlines the submission and review processes related to Code of Ethics monitoring. Through centralizing this information, firms are able to identify overlaps of data and review potential conflicts of interest that may violate any rules or policies set forth by regulatory bodies and the firm. As a modern, cloud-native software provider developed for compliance teams, Paragon Data Labs makes compliance obligations easy for firms and their employees. Learn more at https://www.paragondatalabs.com/.

About Schonfeld Strategic Advisors

Schonfeld Strategic Advisors is a global multi-manager platform that invests its capital with Internal and Partner portfolio managers, primarily on an exclusive or semi-exclusive basis, across quantitative, fundamental equity, tactical trading, and discretionary macro & fixed income strategies. The firm has created a unique structure to provide global portfolio managers with autonomy, flexibility and support to best enable them to maximize the value of their businesses. Over the last 30+ years, Schonfeld has successfully capitalized on inefficiencies and opportunities predominantly within the equity markets. The firm has developed and invested heavily in proprietary technology, infrastructure and risk analytics to provide its portfolio managers with "best in class" support. The portfolio exposure has expanded across the Americas, Europe and Asia as well as multiple asset classes and products. Schonfeld seeks to align its own interests with those of its capital partners and investment professionals, highlighted by the opportunity for investment professionals to co-invest in funds and their individual strategies. For more visit https://www.schonfeld.com/.