As ALFI European Asset Management Conference just came to an end, it became clear that Brexit, Covid, heavy regulation and data pose major challenges to the industry. Why going for a fintech spirit through automation is a sustainable move?
Data to take centre stage
Over the last few years, there has been much hype about the importance of data. The asset management industry is, in fact, a data processing industry. As a matter of fact, it collects data about companies, sectors and economies, processes it before creating portfolios of investments. Yet, when it comes to their own operational processes, most of the firms often struggle. Why? Because of laborious, time consuming manual processes and workflows, mostly based upon spreadsheets. The results? Data is hardly accessible. Getting metrics right and creating reports take ages to produce under such circumstances.
We developed DOMOS Portfolios App to document and structure your assets.
Our Portfolios App provides a centralised, collaborative database that facilitates the standardisation of Alternative Investments data.
You can access any information regarding an asset, an intermediary investment vehicle or a fund in a single database, accessible constantly.
Regulation – growth hurdle or opportunity?
Asset managers have extensive needs for performance data to meet their numerous reporting requirements, including transparency reporting to investors and risk management-related reporting to regulators. For example, alternative investment fund managers are required to do extensive and periodic risk management-related reporting by the regulators, e.g. AIFMD/Annex IV and SFDR. Luxembourg regulator (CSSF) regularly issues new requirements including Circular 18/698 that requires to collect data and report it.
Automating regulatory reporting requirements surely gives fund managers and their service providers time and space to concentrate efforts on valuable tasks. DOMOS complete end-to-end solutions tackle these challenges while allowing full transparency to investors, from data capturing, to report production and disposal.
With our Compliance App, manage your internal and external compliance, including compliance timeline, oversight and due diligence as well as investment restriction monitoring.
Compliance officers’ duties are displayed under a live dashboard representing their Monitoring Program. Each task & process are documented and linked to a regulation.
Our Legal Reporting App is designed to generate and send automatically regulatory reports to the authorities (CSSF, AMF, FCA, BAFIN, BCL, ACD…), to ease their production monitoring and validation.
Generate, send, archive your regulatory reports.
Brexit and the fund distribution puzzle
UK Funds cannot be distributed and fundraised in EU any longer. As a result, the current challenge is to provide UK Fund, including AIFs, with a solution to reach European investors.
A white-labelled, branded portal that provides fundraising analytics, data room, and end-to-end user experience from prospects to investors is the solution we developed.
DOMOS Investor Portal enhances your investor communication providing intuitive, personalised access, from any device, through web browser or your DOMOS Responsive App.
Using it, your investors will be able to view, download, print, and share the information you provide to them instantly.
How to manage growth?
With AuM reaching EUR 5,000 Bn, Luxembourg is the largest investment fund center in Europe. This record high amount means more assets, more products, more data, more reporting and again more data structuring.
How to deal with this growth? How to keep delivering to investors clear and complete data while complying with the latest regulatory trends ?
A tech solution for increased standardisation, automation & repeatability of key operational processes is what DOMOS is all about.