Whether you represent a management company (ManCo), asset manager, depositary, fund administrator, or custodian, your firm is likely experiencing increasing regulatory pressure.
Financial services companies of all kinds face requirements to provide enhanced reporting and more comprehensive data as regulators become increasingly prescriptive and stricter in enforcement.
As a result, ManCos and other institutions are compelled to hire more staff – seasoned compliance officers, data managers, and others – often with considerable salary packages. The competition for talent has led to an escalation in recruitment expenses across the board.
To remain in equilibrium, companies must cut costs in various facets of their operations or pass on costs to clients – with potentially negative effects on client retention and competitiveness.
Outsourcing is becoming a more important part of cost management, with functions often moved to countries where they can be performed at a lower cost. This creates additional risks as well as communication and monitoring challenges.
It doesn’t have to be this way. Cutting-edge technology can give ManCos and other financial services institutions the ability to improve monitoring and reduce errors while also managing costs. They can free up capacity in risk and compliance departments while also improving their regulatory reporting.
In this paper, we explore the challenges facing ManCos, asset managers, fund administrators, and other key stakeholders, and investigate how a unifying technology platform can enhance and improve risk and compliance functions.
Linedata Navquest
Linedata Navquest aggregates internal and external data flows, conducts thousands of automatic checks each day, and notifies you of incidents that require investigation, escalation, follow-up, or closure.
The Navquest NAV Oversight module helps asset managers, ManCos, depositaries, and fund administrators perform independent validation of outsourced or internally generated NAVs with scores of customizable, verifiable controls.
The Navquest Cash Monitoring module helps depositaries and depositary lite providers comply with AIFMD and UCITS V cash flow monitoring requirements by tracking cash movements involving counterparties including asset managers, ManCos, fund administrators, transfer agents, and custodians.
Linedata Compliance
Linedata Compliance is an award-winning, fully automated, highly scalable investment compliance solution trusted by over 70 firms worldwide to address their most challenging asset management regulatory compliance and investor reporting needs. It incorporates your existing business requirements, rule-building tools, and workflows into a single, robust investment compliance program. Our data-agnostic ESG solution supports rules-based ESG compliance checks and reporting.