KNEIP,
the Luxembourg based fund industry specialist has unveiled today its
ground breaking digital service platform which will allow more
transparency, efficiency and effectiveness on the investor’s thinking.
LUXEMBOURG-Saturday 29 September 2018 [ AETOS Wire ]
(BUSINESS
WIRE)-- KNEIP, in the pursuit of transforming the financial services
industry has invested in creating a new single layered platform to
manage the entire fund lifecycle from end to end. This revolutionary
concept leads to digitalisation of investor data, will allow more
transparency, reporting to be more efficient than ever before and have
greater effectiveness on the investor’s thinking.
Bob
Kneip, Founder and Chairman of KNEIP comments “This is the beginning of
a new era for clients to have full control and transparency on all of
their data. By giving the data back to the client, we can unlock the
complexity and remove silos for any market, regulatory document, or
piece of data to be disseminated and filed to market stakeholders and
back.”
“The
new single layered, digitally driven platform from KNEIP is putting
asset managers back in control of their data. Not only will this
dramatically cut complexity and cost, it will also boost effectiveness”.
The
platform works by ingesting all unstructured data, with machine
learning and artificial intelligence tools, then processes this data to
work in a structured format. The new digital platform has intuitive
tools that put asset managers directly in control.
Regulatory,
distribution and marketing imperatives require asset managers to
process data from dozens of sources, transform this data, and then
communicate the results effectively to clients, distributors,
supervisors, partners, data providers and more.
KNEIP
have been assisting asset managers meet regulatory requirements for 25
years, and their new digital platform will take this to the next level.
The key short-term advantage is dramatically reduced costs. “We have one
client using the platform who is now spending $65,000 on processes that
used to cost them $2 million”, commented Bob Kneip.
Streamlining
the process was a key component in the digital transformation.
Historically, an asset manager who might want to launch a fund was
required to use a fund registration team to compile the data and build
reports, then external and internal legal departments would need to
scrutinise it before sending it to the regulator. Now fund managers just
have to drag their fund (be it based in Luxembourg, Dublin, the UK, the
US or wherever) into their target market, and the data and documents
are compiled automatically to suit the requirements of each national
regulator. Similarly, with PRIIPs, MiFID II and pension fund document
templates: users log on, choose the option they require, and the
information is ready in five minutes.
As
well as these streamlined processes saving time and money, they also
offer greater ability to trap errors early. If there are any problems
with a regulatory application dossier these will be identified instantly
and can be corrected. In the past, time and money was wasted as files
were rejected by the regulator merely due to an administrative
oversight. With correctly filed dossiers will boost effectiveness too.
KNEIP
believes this move will revolutionise the fund industry leading to a
new dawn in the way data management is perceived across the globe.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180927005501/en/
Contacts
KNEIP
James Urquhart:
james.urquhart@kneip.com
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