Distribution oversight and compliance cannot be underestimated under MiFID II
By Raymond Groen in ‘t Woud, Product Director, KNEIP Setting the scene Distribution compliance and oversight are set to become the responsibility of manufacturers under MiFID II. This is not to be underestimated. It will require two-way communication of data between the manufacturer and their distribution network. Previously, the manufacturer could delegate these responsibilities to [...]
By Mathieu Larocca
Keep calm and always disrupt
"Think about disruption and what you're options are, so you're not left behind". Neil Ward, Former General Manager, Global Business Operations at Skype is interviewed at FundForum International. Consider the following: By disrupting the way people consume TV shows and movies, Netflix has achieved 92% penetration in the US. By offering rich content, via a [...]
By Neil Ward
A rules-based approach to digitizing fund registration
"Even the most complex processes can be distilled to a set of pre-defined rules and variables. It is in this mindset that KNEIP successfully launched a fund registration solution that helps demystify the complexity of fund passporting, and presents clients with simplicity." Setting the scene Last year, KNEIP commenced work on the identification of client processes [...]
By Antonello Argenziano
CULTURAL CHANGE MUST COME BEFORE TECHNOLOGY INNOVATION
“Technology on its own is not going to radically change the world. It is because someone is determined to radically change their way of doing business, using the right technology to facilitate cultural change.” This article by Bob Kneip resulted from his participation on the panel of the KPMG Fintech Awards 2017. Think of ‘Fintech’ [...]
By Bob Kneip
A BEACON IN THE FOG: THE EUROPEAN PRIIPS TEMPLATE
Asset managers and insurers have agreed upon a European PRIIPs template (EPT) to help standardize the way they share data in implementing PRIIPs requirements. This comes at a time when the PRIIPs Regulatory Technical Standards as proposed by the European Commission were rejected by the European Parliament on 14th September and followed by a rejection in the Council.
By Ulf Herbig
ASSET MANAGERS & AIR BAGS
Compared to the automotive industry, asset management is still very young in terms of how it operates and standardizes processes. If it were a car producer it would still be producing the Model T, as opposed to the latest Tesla Model S.
By Lee Godfrey
LEGAL ANNOUNCEMENTS AND THE CALL THAT NEVER CAME
When it comes to online dating, the biggest fear that people have is that, after having announced where and when to meet their date, they duly turn up and find themselves waiting… and waiting… a quick check of the watch after 20 minutes… still waiting… then it sinks in: the date is a no show.
By Myrtha Monateri
WAKE UP AND SMELL THE COFFEE
Long before we began our love affair with drinking coffee, it is believed that one day, a shepherd in Ethiopia took inspiration from his herd of goats who he had seen eating a curious fruit, and discovered that it delivered a pleasant burst of energy. That red fruit turned out to be the coffee cherry. Impressed, the shepherd took a batch of the curious cherries to a local monk who proceeded to boil them and create a
By Troy Bankhead
CLEAN DATA: THE NEXT GAME CHANGER – PART II
In our first post on the impact of fund data, the argument was put forward that clean data not only improves sales efficiency but by reducing the amount of noise which arises when having to fix inaccurate data points, it can also lead to greater cost efficiency, leading to lower fund TERs.
By Lee Godfrey
TECHNOLOGY DRIVING FUND DISTRIBUTION
Fund distribution is going to be driven by technological innovations going forward. This is a given. But this means that many organisations will need to go back to the drawing board and adapt their marketing strategies to these changes.
By Armann Gudmundsson
BLOCKCHAIN SHAKING THINGS UP
Distributed ledger technology—and more notably Blockchain—has stirred debate on many levels. Asset servicers have yet to tire about explaining the benefits and cost savings it could bring to their industry, while employees at central counterparty clearing houses and central securities depositories question whether their jobs are secure in this new environment.
By Armann Gudmundsson