Business Wire

The Dawning of a New Era in Data Management in the Fund Industry

Del

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.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180927005501/en/

Neil Ward, CEO of KNEIP and Bob KNEIP, Founder and Chairman of KNEIP (Photo: KNEIP)

Neil Ward, CEO of KNEIP and Bob KNEIP, Founder and Chairman of KNEIP (Photo: KNEIP)

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.

Contact information

KNEIP
James Urquhart:
james.urquhart@kneip.com

Om Business Wire

Business Wire
Business Wire
24 Martin Lane
EC4R 0DR London

+44 20 7626 1982http://www.businesswire.co.uk

(c) 2018 Business Wire, Inc., All rights reserved.

Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.

Følg saker fra Business Wire

Registrer deg med din epostadresse under for å få de nyeste sakene fra Business Wire på epost fortløpende. Du kan melde deg av når som helst.

Siste saker fra Business Wire

Tory Burch Names Pierre-Yves Roussel Chief Executive Officer11.12.2018 21:26Pressemelding

Tory Burch, LLC, today announced it has named Pierre-Yves Roussel Chief Executive Officer, starting early 2019. A longtime LVMH executive, Mr. Roussel will be based out of Tory Burch’s New York headquarters; he will join and report to the Company’s board of directors. In partnership with Ms. Burch, he will lead and implement the company’s global strategy with a focus on operations. “There are very few leaders in the industry who have both a commercial track record and a deep admiration for the creative process. I respect what he has built at LVMH and value the way he thinks about business, luxury and the fashion industry as a whole. He also shares my belief in the importance of a culture-led company. We have a strong management team in place and Pierre-Yves is a natural fit as we continue to focus on long-term growth and global expansion,” said Tory Burch, who is currently Chief Executive Officer and will assume the role Executive Chairman and Chief Creative Officer. “I’m very excited

United Nations Climate Action Award Goes to Germany for the First Time11.12.2018 19:00Pressemelding

Within the context of the United Nations Framework Convention on Climate Change, two ProVeg projects were awarded the Momentum for Change Climate Action Award 2018 in the category Planetary Health. One of these is the health promotion project Aktion Pflanzen-Power, jointly initiated with BKK ProVita. ProVeg and its partner received the award for their work in schools. It marks the first time that this award has gone to Germany. The award ceremony took place yesterday in the Polish city of Katowice as part of the 24th UN Climate Change Conference. ProVeg and BKK ProVita promote children’s health and climate action Aktion Pflanzen-Power aims to improve the availability and quality of vegan and vegetarian dishes in schools. Together with BKK ProVita, ProVeg has so far reached 24,800 students at 41 schools throughout Germany on the subject of wholesome, plant-based nutrition as part of the health promotion project. Healthy nutrition with Aktion Pflanzen-Power Andreas Schöfbeck, member of t

Thales and Gemalto are granted regulatory clearance by the European Commission11.12.2018 17:01Pressemelding

Regulatory News: Reference is made to the joint press release by Thales (Euronext Paris: HO) and Gemalto (Euronext Amsterdam and Paris: GTO) dated 27 March 2018 in relation to the launch of the recommended all-cash offer by Thales for all the issued and outstanding shares of Gemalto (the “Offer”), the publication of the Offer Document, and the joint press release of Thales and Gemalto dated 10 August 2018 in relation to the further extension of the Acceptance Period. Terms not defined in this press release will have the meaning as set forth in the Offer Document. Thales and Gemalto announce today that they have been granted merger control Regulatory Clearance by the European Commission, following Thales’s commitment to divest its general purpose hardware security modules (GP HSM) business globally1 to a suitable purchaser. This clearance is effective immediately. Together with the merger control clearances obtained in China, Israel, South Africa and Turkey, and clearances relating to f

Starr Insurance Companies Expands Aviation Insurance Operations to Brazil11.12.2018 15:43Pressemelding

Starr Insurance Companies today announced that Starr International Brasil Seguradora S.A. (“Starr Brazil”) has been granted a local license to offer aviation insurance. “We are thrilled to be adding aviation capability in an important, growing economy like Brazil,” stated Steve Blakey, president and chief executive officer for Starr Insurance Holdings, Inc. “As a worldwide leader in aviation insurance solutions, we are constantly seeking new opportunities and markets to meet the growing needs of the aviation and aerospace industry around the globe.” Fernanda Strachino, aviation specialist underwriter, has joined Starr Brazil to head the new aviation division. Fernanda brings more than 16 years’ of experience in the aviation and insurance market. Starr Brazil will offer a variety of aviation coverages, including: Aircraft Hull & Liability; Spare Parts; Third-Party Legal Liability; Corporate Non-Owned Aircraft Liability; General Liability; RETA Insurance (Mandatory Liability), Hangarkeep

Andersen Global Continues Growth in United Kingdom With Claritas Tax Limited11.12.2018 14:30Pressemelding

Today, Andersen Global expanded its reach in the United Kingdom with the addition of Claritas Tax Limited, a tax advisory and compliance services firm based in Birmingham, the second largest city in the country. Claritas is the fourth firm collaborating with Andersen Global in the UK. “Adding a sought-after firm like Claritas is not only a logical extension for Andersen Global, but it broadens our offering in the UK. Their practice focuses on corporation tax, R&D tax reliefs, mergers and acquisitions, private equity and venture capital in addition to serving individuals,” said Mark Vorsatz, Andersen Global Chairman and Andersen Tax LLC CEO. “Iain Wright and his team enhance our already robust core competences in the UK, a critical market for our clients, and we look forward to working with Claritas on a number of upcoming corporate opportunities.” Founded in 2012, Claritas Tax Limited is an advisory led business that provides a full range of tax advisory and compliance services to entr

Seoul Semiconductor Wins Patent Litigation against Everlight in Germany and Is Awarded Statutory Litigation Costs11.12.2018 14:00Pressemelding

Seoul Semiconductor Co., Ltd. (KOSDAQ:046890) (“Seoul”), a leading global innovator of LED products and technology, announced that it won a patent litigation against Everlight Electronics Co., Ltd. (“Everlight”) in Germany. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181211005233/en/ Seoul Semiconductor's Headquarters in Korea (Photo: Business Wire) The patent involved in this litigation relates to an LED package structure for thermal dissipation. Everlight purchased this patent from a U.S. company in 2017, and subsequently brought a patent lawsuit against Seoul in the Manheim Court of Germany. In December 2018, however, the Manheim Court ruled in favor of Seoul and ordered that Everlight, as the losing party, should bear the statutory costs of the court proceeding. In the United Kingdom, Seoul had already won a patent litigation against Everlight earlier this year. At that time, the UK Patent Court also ordered that Ever