Aligning your data to meet upcoming EET reporting challenges
Version 1 of the European ESG Template (EET) was released by The FinDatEx group on 14th March 2022. It contains the official 620 field data-exchange template for ESG data, following the definitions from applicable EU regulations (eg. SFDR, Taxonomy Regulation, IDD, MiFID). As firms are getting to grips with the data, as well as the product information and the requirements needed for each field, we will look at the key EET dates between now and 1st January 2023, when the SFDR pre-contractual and periodic reporting goes live. 1st June 2022 A reduced version of the EET template (EET-Light), will be used from 1 June 2022. [...]
Q&A with the Fundipedia Developer Team
We recently spoke to Senior Software Developer Steven Day about his experience of working at Fundipedia for over 10 years. You’ve worked at Fundipedia for over a decade – why did you join the company and what keeps you here? I started working at Fundipedia as an apprentice after I left college and had no real commercial or technical experience. My initial meeting with Simon and Dean was super relaxed and they were both very welcoming which is exactly what I was looking for in my first role. As I finished my apprenticeship and was offered a full-time position it never crossed my mind to [...]
Video – Modern approaches to data for asset managers + The European ESG Template – what you need to know
This webinar was recorded on March 10th 2022 and features: Simon Swords from Fundipedia Graeme Devlin from Devlin Mambo Simba Mamboininga from Devlin Mambo Simon will explore how asset managers are using modern processes and systems to put data governance on autopilot, allowing them to remain focussed on their core services. Topics include: How to align your data projects for successful outcomes The benefits of efficient data management Leveraging control models to automate data governance Integrating internal and external data sources Ensuring that your data across the market is consistent and accurate using automated reconciliation Using workflow to optimise your fund and share [...]
Fundi Launch Workflow
Fundipedia has added a new product to our comprehensive, end-to-end data management platform. Fundi Launch Workflow is a user-friendly, customisable, fully integrated fund and share class launch solution that is designed to help asset managers streamline and optimise their fund and share class launch processes. Building Fundi Launch Workflow, we set out to solve what we found to be the most common pain points experienced by asset managers when embarking on a new launch. With an ever increasing amount of data to process, constantly evolving regulations and competition to get new products to market faster, we understood the need for a product that would increase efficiency [...]
How asset managers and FinTechs can work better together
When the first wave of fintechs launched in the late 2000s and early 2010s, they made no bones about being in direct competition with traditional financial services firms. From the terms they used to describe themselves — challengers, or disruptors — to how they marketed their products, fintechs highlighted at every possible opportunity that they were more customer-centric, more agile, and, well, just better than incumbents. Then, in the mid-2010s, something happened. Fintechs and traditional firms realised they could achieve bigger and better things if they worked together instead of trying to out-compete each other. But despite widespread agreement that technology is fundamental to the industry's [...]
Fundi Launch Workflow Released
Fundipedia adds automated workflow for product launches to its platform for investment managers With Fundi Launch Workflow, investment managers can unify data, automate time-consuming processes, and align their product team around a shared purpose: launching products to market more efficiently and accurately than ever before. Fundipedia, the leading master data management platform for investment managers, is expanding its suite of tools with the addition of Fundi Launch Workflow. This latest addition to Fundipedia transforms the way product teams collaborate on the launch of new products, share classes and other product development processes. With Fundi Launch Workflow investment managers can efficiently collaborate on the completion of tasks [...]
Q&A with the Fundipedia Implementation Team
Recently, we spoke to Edward Dunkley (Ed), one of our Implementation Associates about what working at Fundipedia is really like. Ed –You were interviewed not long into this role and said that ‘understanding all the acronyms’ was what you found the most challenging. Is this still the case? My industry and project management knowledge has certainly improved but I still get the odd term or acronym I don’t know popping up! There’s certainly more to learn. I think the next step in improving my industry knowledge is moving from the ‘what’ to the ‘why’. So, for example, even though I might know what a [...]
The EU’s AIFMD II proposals: What asset managers need to know
It may have taken the best part of four years — the directive was due for review in July 2017 — but the EU commission has finally published its proposals for reforming the Alternative Investment Fund Managers Directive, or AIFMD. And while many in the industry were expecting a radical overhaul, the proposals are surgical. Which is to say they're limited in scope but fairly significant. So what is the EU Commission proposing? And what are the implications for asset managers, should these proposals become law? The story so far: A quick refresher on the AIFMD Like many regulations that came about in the 2010s, the [...]
Webinar: Modern approaches to data for asset managers and The European ESG Template – what you need to know
Modern approaches to data for asset managers Register here to secure your space at the event: https://register.gotowebinar.com/register/4572968236754749711 Simon will explore how asset managers are using modern processes and systems to put data governance on autopilot, allowing them to remain focussed on their core services. Topics include: How to align your data projects for successful outcomes The benefits of efficient data management Leveraging control models to automate data governance Integrating internal and external data sources Ensuring that your data across the market is consistent and accurate using automated reconciliation Using workflow to optimise your fund and share class launch processes The European ESG Template - what you need [...]
Release – version 1.4.14
Prevent further changes when records have pending changes Fields that have a pending change will be read only for users and can not be edited. A tooltip will be displayed providing more information to the end user. Additional notes: Administrators will have the ability to toggle this feature on or off Sensitive changes do not block additional changes Feature does not prevent change events from submitting changes Future dated changes block additional changes Entity lookups support secondary fields for UI display and reporting For multi entity lookup fields allow administrators to configure what fields are visible on the selection screen. At present, only the name or [...]
Future-proofing asset management: 6 key changes to succeed in 2022 and beyond
While asset management firms are starting 2022 in a position of strength, the times — as Bob Dylan would say — are a'changing. Despite the precariousness caused by a certain deadly virus that's been doing the rounds, the industry hit double-digit growth during 2020 and 2021. But, to paraphrase a well-worn investment disclaimer, these numbers aren't a guarantee of future success. With mounting regulation, rapid technological change, and, most importantly, investors' shifting attitudes and expectations, the products, tools, and approaches that firms have relied on for decades are no longer fit for purpose. So what does the asset management firm of the future look like? And how [...]
Press release: Liontrust selects Fundipedia for its data management and dissemination platform
Liontrust has selected Fundipedia’s data management platform to deliver a golden source, providing validated, trustworthy data to both Liontrust and its downstream data vendors. This followed the recognition by Liontrust that gaining more effective control and management of its product data was a critical step on the path to supporting its future growth and empowering the entire organisation. Fundipedia’s audit trail and reconciliation features evidence that data delivered downstream are accurately published to investors. The project was delivered by Fundipedia’s implementation team who bring decades of asset management experience and a deep knowledge of the challenges faced by asset managers. This combination of experience and cutting-edge technology [...]
Aligning your data to meet upcoming EET reporting challenges
Version 1 of the European ESG Template (EET) was released by The FinDatEx group on 14th March 2022. It contains the official 620 field data-exchange template for ESG data, following the definitions from applicable EU regulations (eg. SFDR, Taxonomy Regulation, IDD, MiFID). As firms are getting to grips with the data, as well as the product information and the requirements needed for each field, we will look at the key EET dates between now and 1st January 2023, when the SFDR pre-contractual and periodic reporting goes live. 1st June 2022 A reduced version of the EET template (EET-Light), will be used from 1 June 2022. [...]
Basic ESG and SFDR terms all Money Managers need to know
The SFDR was introduced by the European Commission, alongside the Taxonomy Regulation and the Low Carbon Benchmarks Regulation, as part of a package of legislative measures arising from the European Commission’s Action Plan on Sustainable Finance. The main provisions (Level 1) of the Disclosure Regulation came into action in March this year. The initial application date of detailed rules for requirements (Level 2) was set for January 2022. However, the European Commission decided to defer by six months as a consequence of its failure to hit the deadline for adopting draft regulatory technical standards (RTS) submitted by the European Supervisory Authorities (ESAs) in February. While this delay [...]
The future of intelligent machines and investment management
Technology will continue to play a critical role as the challenges facing the financial industry intensify. Such challenges may include but are not limited to, volatile capital market returns and margin compression. Those embracing innovative technology will be better placed and more capable of adapting to changes thus enabling rapid business transformation as well as maximising efficiency and value creation. Thus far, Intelligent Machines have been predominantly used by Asset Management firms to boost operational efficiencies. So, where have we seen the adoption of Intelligent Machines in investment management? Identifying trends and patterns to support sales and distribution, product pricing, trade allocation, portfolio construction and analytics Streamlining [...]
9 ESSENTIALS to gain a competitive advantage for your Wealth Management Firm
According to a cross-industry research by Accenture, over 80% of Asset Management companies don’t have enterprise-wide Master Data Management (MDM). Half of the respondents didn’t even regularly assess and update their data governance process definitions. So what is Master Data Management? MDM empowers Asset Managers to link all critical business data to a single point of reference. This reduces errors while ensuring business processes are not made redundant. It is the core process used to manage, centralise, organise, categorise, localise, synchronise and enrich master data while adhering to business rules. Why is MDM so important for the AM industry? Implementing MDM, and thus the ability to change [...]
8 pain points manual reconciliation brings to the table
In seeking to meet and overcome the challenges Investment Managers face in the wake of soaring trade volumes, increasingly complex transactions, and mounting pressure for faster reconciliation, firms today face an unprecedented level of hardship but also a myriad of opportunities. One of the greatest challenges Asset Managers must overcome is their capacity to meet the growing market demand for accurate and fast data reconciliation, regardless of volume levels. Efficient scaling has become impossible with existing manual processes. Here are 8 potential pitfalls of manual reconciliation that can hold your business back: Higher operational risk from unmatched data items Account errors that mislead Portfolio Managers, particularly regarding [...]
Summary of the FCA’s 2021/22 Business Plan and what it means for asset managers
The Financial Conduct Authority has been publishing its annual business plan for close to a decade. But this year's plan, published on 15 July 2021 — three months later than usual — is radically different to its predecessors. The first plan under new CEO Nikhil Rathi, sets out a broad and ambitious vision for the financial services industry's Covid-19 recovery and the future of regulation in the UK. In order to achieve that vision, the FCA plans to implement sweeping changes to how it operates, how it engages with the businesses it regulates, and what it expects from those businesses moving forward. Here's a look at the [...]
7 Risks and Lessons learned when implementing a 3rd party Product Master Data Management Platform
Fundipedia is a product data management platform built in partnership with, and delivered to the asset management industry. We work with some of the biggest names in the industry and through the delivery of dozens of successful Fundipedia installations, we have identified the most common risks and established strong mechanisms to mitigate them. From initial demonstration to user-ready, our implementation team will typically have Fundipedia Data Management up and running in less than 12 weeks. Delivered in an agile manner, ensuring the solution delivers value early and often using an incremental delivery model Client-owned and managed but delivered Software as a Service (SaaS) so you get the [...]
5 Competitive Boosters of an Automated Reconciliation System
Reconciliation is often overlooked and undervalued by firms. Done right, reconciliation can help you avoid regulatory risks, make informed decisions, and ultimately reduce costs. Unfortunately, reconciliation at many firms remains a laborious, time-consuming and risk-prone process relying heavily on spreadsheets and manual labor. This approach is not only inefficient but also fundamentally unsustainable in the long run. Planning well ahead, and considering automating your data reconciliation process early on, could be the competitive edge your firm has been seeking. Here are 5 competitive advantages to consider when deciding whether automated reconciliation is the right choice for you: 1. Informed investment decisions Asset managers are increasingly demanding further [...]
5 ways your Asset Management firm will stay ahead of the game with AI and ML
Artificial Intelligence (AI) and Machine learning (ML) may seem both a distant and even scary prospect to some, straight out of a sci-fi movie plot, but in reality they’ve been around in our lives for quite some time now. Think Siri or Cortana, for example. A growing number of financial institutions are applying AI to their businesses via the back office and customer advice interactions to name just a couple. And, according to a report from the last World Economic Forum, 76% of banking CXOs agree that adopting AI will be critical to their organisation’s ability to differentiate in the market. Yet, the Asset Management industry seems [...]
Steps that forward thinking asset managers take after they’ve created a static data product master
So you have mastered your static product data - congratulations! You’re now one step ahead of your competition. What next? Accurate and trustworthy static data creates a foundation that offers many additional opportunities for asset managers to utilise their data, driving the business forward while keeping on the right side of their regulators. It also presents opportunities to empower customers and reduce time on unnecessary data administration tasks. So let’s get to it, what additional opportunities present themselves after the static product master is mastered... Get dynamic It’s a fantastic idea to supplement your Golden Source of static data with dynamic data e.g. prices, dividends and so [...]
5 key challenges for asset managers in 2021 and beyond (and how to tackle them)
While the Covid-19 pandemic thrust asset managers into uncharted territory, they've proved themselves remarkably resilient. Faced with the prospect of adapting quickly or not doing business for the foreseeable future, the industry made 5 years' worth of digital progress in just a few months. But if 2020 — and the first part of 2021 — have shown it's possible to digitalise successfully even if you're a traditional firm with legacy issues, that doesn't mean it's going to be plain sailing from here on out. Even as physical restrictions are lifted and vaccine rollouts are giving us hope of a return to normality. So what are the [...]
Introducing: The zero-effort way to prepare for SFDR
While sustainable investing isn't a new idea — the first sustainable investment fund, Pax World, launched in 1971 — it has exploded in popularity over the past few years. Investors are rebalancing their portfolios to make them more sustainable in record numbers. But if sustainable investments are better for the planet and more resilient — in 2020, they outperformed traditional investments by an average of 0.9% — their popularity has also turned 'sustainability' into somewhat of a buzzword. As a result, legislators have stepped in to make sure that, when asset managers and other financial market players bill themselves and their products as sustainable, they really [...]
Press release: Liontrust selects Fundipedia for its data management and dissemination platform
Liontrust has selected Fundipedia’s data management platform to deliver a golden source, providing validated, trustworthy data to both Liontrust and its downstream data vendors. This followed the recognition by Liontrust that gaining more effective control and management of its product data was a critical step on the path to supporting its future growth and empowering the entire organisation. Fundipedia’s audit trail and reconciliation features evidence that data delivered downstream are accurately published to investors. The project was delivered by Fundipedia’s implementation team who bring decades of asset management experience and a deep knowledge of the challenges faced by asset managers. This combination of experience and cutting-edge technology [...]
Fundipedia and Opus Nebula integrate their SaaS solutions to provide a seamless data management and fund reporting solution
November 2021: Fundipedia and Opus Nebula have integrated their cloud-based SaaS solutions to provide a turnkey solution for fund data management and fund reporting for investment houses, wealth managers and asset servicers. The initial integration was undertaken to provide an automated end-to-end solution for a UK based independent investment management house dedicated to providing a high-quality and efficient service for private clients, charities and institutions. The investment house was struggling with a lack of a formal data structure, data controls and data accuracy, with an over-reliance on spreadsheets. In addition, the resulting fund reports, fund factsheets, KIIDs and other Regulatory required reports were labour intensive and slow [...]
Deloitte Luxembourg and Fundipedia to provide joint data management solutions to asset managers
Date: 21st October 2021 Fundipedia is pleased to announce that they have entered into a strategic collaboration with Deloitte Luxembourg. As of September 2021, Fundipedia’s data management platform has been integrated into Deloitte Luxembourg’s portfolio for their clients to complement its existing range of advisory, consulting and integration services. This collaboration is the latest addition to Deloitte Luxembourg’s successful ManCoTech initiative, launched in April 2021. Deloitte Luxembourg’s ManCoTech initiative creates a scalable, operational framework via the delivery of a range of modern and innovative technologies to its clients, utilising technology to alleviate mounting regulatory pressure and growing challenges. Fundipedia, who provides fund data management software and consultancy [...]
Fundipedia and the Investment Association collaborate on real-time data service
Fundipedia is happy to announce our latest partnership with the Investment Association (IA). With this collaboration, Fundipedia will seek to foster better relations between the asset management industry and the FCA by allowing asset managers to comply with FCA rules while accelerating the transfer and re-registration of consumer holdings. Towards the end of 2020, the IA developed an upgraded Common ShareClass Register (CSR) that went live in September. It contains listings for over 6,000 individual Funds for 130 retail-facing investment firms. It also displays the commonly available class of Funds made available by its members to assist the class conversion processing of investment platforms and administrators. Fundipedia [...]
Fundipedia is recognised on the WealthTech100 list by FinTech Global
We are delighted to announce that Fundipedia has been chosen to be a part of the third annual WEALTHTECH100 list of tech companies transforming the global investment and banking industries. The prestigious list recognises 100 of the world’s most innovative tech solution providers addressing the digital transformation challenges and opportunities faced by asset managers, private banks and financial advisors. "Established banks and investment firms need to be aware of the latest innovations to remain competitive in the current market, which is heavily focused on digital distribution and increased use of customer data, and even more so post Covid-19. The WealthTech100 list helps senior management filter through [...]
Meet our new implementation associates
We are happy to announce our new implementation associates Sarah Bliss and Edward Dunkley. Once a year we select 1-2 bright, accomplished and highly motivated graduates as part of Fundipedia's Graduate Development Program. Our selection process is very competitive and goes through a short questionnaire, a quick get to know you conversation, a practical task and a proper long interview. We often get 500+ applications and we are carefully choosing the ones who are ready to roll up their sleeves. Get to know below Sarah and Edward, our news additions to the Fundipedia family. Hi Sarah, Edward, nice to have you on board with Fundipedia! What [...]
Fundipedia and Investment Solutions Consultants (ISC) announce partnership to deliver data software solutions and consultancy to asset and wealth managers
Fundipedia and ISC are pleased to announce that they have entered a strategic partnership by joining forces to deliver Fundipedia and associated data consultancy services to global financial firms. The two organisations provide complimentary services and their partnership naturally enhances the service and solution offerings for all existing clients. As Fundipedia onboards new clients at a faster pace than ever, partnerships with experts such as ISC ensure that we can continue to meet our client delivery expectations. Both new and existing Fundipedia clients benefit from an expanded team of industry experts to drive consultancy, implementation and ongoing support. ISC’s six directors bring decades of investment management experience [...]
Creating value-aligned partnerships with common goals
By Simon Swords, Managing Director There is no better approach to solving challenges than the famous saying, "two heads are better than one." At Fundipedia, we believe that real progress and big breakthroughs can’t happen in silos. Developing value-aligned partnerships that focus on common goals and complementary strengths is key to ensuring successful outcomes for all. That’s why one of our key strategic priorities is to work collaboratively with partnerships that generate the kind of energy to fuel growth, innovation, creativity and solve business problems. Kurtosys and Fundipedia Engaging with our customers to understand their entire business landscape is fundamental to how we continue to drive innovation and solve complex problems for them. We use regular meetings, quarterly user groups and a range [...]
Kurtosys and Fundipedia announce partnership to streamline data management and dissemination for asset and wealth managers.
3 November 2020 - Kurtosys and Fundipedia are pleased to announce that they have entered into a strategic partnership by integrating the Kurtosys digital platform with Fundipedia’s enterprise fund data management suite. Connecting the platforms allows asset and wealth managers to efficiently and cost effectively manage and publish their product data across a range of mediums, including regulatory reports, documents, sales materials, websites and client engagement portals. Firms are having to work harder than ever before to differentiate themselves from their competitors, and to counter external pressures they are embracing data as a mechanism to future proof growth and remain ahead of the competition. The collaboration between [...]
Fundipedia joins IA FinTech hub – Engine
We are delighted to announce that Fundipedia has been chosen to be a part of Engine, the Investment Association’s unique 6 month fintech accelerator programme. Our fund data governance platform has been selected for the quality of solution and our focus on key industry problem areas within the investment industry. Engine’s mission is to power up the adoption of technology throughout the investment management industry so everyone can meet the goals and needs of investors and savers better. As a result of being selected to be a part of the programme, our team will benefit from unparalleled access to the IA and its industry expertise, as [...]
Aligning your data to meet upcoming EET reporting challenges
Version 1 of the European ESG Template (EET) was released by The FinDatEx group on 14th March 2022. It contains the official 620 field data-exchange template for ESG data, following the definitions from applicable EU regulations (eg. SFDR, Taxonomy Regulation, IDD, MiFID). As firms are getting to grips with the data, as well as the product information and the requirements needed for each field, we will look at the key EET dates between now and 1st January 2023, when the SFDR pre-contractual and periodic reporting goes live. 1st June 2022 A reduced version of the EET template (EET-Light), will be used from 1 June 2022. [...]
Q&A with the Fundipedia Developer Team
We recently spoke to Senior Software Developer Steven Day about his experience of working at Fundipedia for over 10 years. You’ve worked at Fundipedia for over a decade – why did you join the company and what keeps you here? I started working at Fundipedia as an apprentice after I left college and had no real commercial or technical experience. My initial meeting with Simon and Dean was super relaxed and they were both very welcoming which is exactly what I was looking for in my first role. As I finished my apprenticeship and was offered a full-time position it never crossed my mind to [...]
Video – Modern approaches to data for asset managers + The European ESG Template – what you need to know
This webinar was recorded on March 10th 2022 and features: Simon Swords from Fundipedia Graeme Devlin from Devlin Mambo Simba Mamboininga from Devlin Mambo Simon will explore how asset managers are using modern processes and systems to put data governance on autopilot, allowing them to remain focussed on their core services. Topics include: How to align your data projects for successful outcomes The benefits of efficient data management Leveraging control models to automate data governance Integrating internal and external data sources Ensuring that your data across the market is consistent and accurate using automated reconciliation Using workflow to optimise your fund and share [...]
Fundi Launch Workflow
Fundipedia has added a new product to our comprehensive, end-to-end data management platform. Fundi Launch Workflow is a user-friendly, customisable, fully integrated fund and share class launch solution that is designed to help asset managers streamline and optimise their fund and share class launch processes. Building Fundi Launch Workflow, we set out to solve what we found to be the most common pain points experienced by asset managers when embarking on a new launch. With an ever increasing amount of data to process, constantly evolving regulations and competition to get new products to market faster, we understood the need for a product that would increase efficiency [...]
How asset managers and FinTechs can work better together
When the first wave of fintechs launched in the late 2000s and early 2010s, they made no bones about being in direct competition with traditional financial services firms. From the terms they used to describe themselves — challengers, or disruptors — to how they marketed their products, fintechs highlighted at every possible opportunity that they were more customer-centric, more agile, and, well, just better than incumbents. Then, in the mid-2010s, something happened. Fintechs and traditional firms realised they could achieve bigger and better things if they worked together instead of trying to out-compete each other. But despite widespread agreement that technology is fundamental to the industry's [...]
Fundi Launch Workflow Released
Fundipedia adds automated workflow for product launches to its platform for investment managers With Fundi Launch Workflow, investment managers can unify data, automate time-consuming processes, and align their product team around a shared purpose: launching products to market more efficiently and accurately than ever before. Fundipedia, the leading master data management platform for investment managers, is expanding its suite of tools with the addition of Fundi Launch Workflow. This latest addition to Fundipedia transforms the way product teams collaborate on the launch of new products, share classes and other product development processes. With Fundi Launch Workflow investment managers can efficiently collaborate on the completion of tasks [...]
Q&A with the Fundipedia Implementation Team
Recently, we spoke to Edward Dunkley (Ed), one of our Implementation Associates about what working at Fundipedia is really like. Ed –You were interviewed not long into this role and said that ‘understanding all the acronyms’ was what you found the most challenging. Is this still the case? My industry and project management knowledge has certainly improved but I still get the odd term or acronym I don’t know popping up! There’s certainly more to learn. I think the next step in improving my industry knowledge is moving from the ‘what’ to the ‘why’. So, for example, even though I might know what a [...]
The EU’s AIFMD II proposals: What asset managers need to know
It may have taken the best part of four years — the directive was due for review in July 2017 — but the EU commission has finally published its proposals for reforming the Alternative Investment Fund Managers Directive, or AIFMD. And while many in the industry were expecting a radical overhaul, the proposals are surgical. Which is to say they're limited in scope but fairly significant. So what is the EU Commission proposing? And what are the implications for asset managers, should these proposals become law? The story so far: A quick refresher on the AIFMD Like many regulations that came about in the 2010s, the [...]
Webinar: Modern approaches to data for asset managers and The European ESG Template – what you need to know
Modern approaches to data for asset managers Register here to secure your space at the event: https://register.gotowebinar.com/register/4572968236754749711 Simon will explore how asset managers are using modern processes and systems to put data governance on autopilot, allowing them to remain focussed on their core services. Topics include: How to align your data projects for successful outcomes The benefits of efficient data management Leveraging control models to automate data governance Integrating internal and external data sources Ensuring that your data across the market is consistent and accurate using automated reconciliation Using workflow to optimise your fund and share class launch processes The European ESG Template - what you need [...]
Future-proofing asset management: 6 key changes to succeed in 2022 and beyond
While asset management firms are starting 2022 in a position of strength, the times — as Bob Dylan would say — are a'changing. Despite the precariousness caused by a certain deadly virus that's been doing the rounds, the industry hit double-digit growth during 2020 and 2021. But, to paraphrase a well-worn investment disclaimer, these numbers aren't a guarantee of future success. With mounting regulation, rapid technological change, and, most importantly, investors' shifting attitudes and expectations, the products, tools, and approaches that firms have relied on for decades are no longer fit for purpose. So what does the asset management firm of the future look like? And how [...]
Basic ESG and SFDR terms all Money Managers need to know
The SFDR was introduced by the European Commission, alongside the Taxonomy Regulation and the Low Carbon Benchmarks Regulation, as part of a package of legislative measures arising from the European Commission’s Action Plan on Sustainable Finance. The main provisions (Level 1) of the Disclosure Regulation came into action in March this year. The initial application date of detailed rules for requirements (Level 2) was set for January 2022. However, the European Commission decided to defer by six months as a consequence of its failure to hit the deadline for adopting draft regulatory technical standards (RTS) submitted by the European Supervisory Authorities (ESAs) in February. While this delay [...]
Fundipedia 2021 – a year in review
As 2021 nears its completion and we prepare for 2022, we’re taking a moment to reflect on what we have achieved over the past 12 months 🥂 We continued to grow our client base and now provide Fundipedia data platform and consultancy solutions to firms with a combined AUM of over US $4 trillion 🎉 We have quadrupled annual recurring revenue and a onboarded a raft of new global (and incredibly happy) clients. A recent client quote from a global asset manager: "Thank you again for your team’s outstanding partnership which we look forward to maintaining going forward.". 💪 We formed 6 new partnerships with best-in-class market data and technology [...]
Fundi Launch Workflow
Fundipedia has added a new product to our comprehensive, end-to-end data management platform. Fundi Launch Workflow is a user-friendly, customisable, fully integrated fund and share class launch solution that is designed to help asset managers streamline and optimise their fund and share class launch processes. Building Fundi Launch Workflow, we set out to solve what we found to be the most common pain points experienced by asset managers when embarking on a new launch. With an ever increasing amount of data to process, constantly evolving regulations and competition to get new products to market faster, we understood the need for a product that would increase efficiency [...]
Release – version 1.4.14
Prevent further changes when records have pending changes Fields that have a pending change will be read only for users and can not be edited. A tooltip will be displayed providing more information to the end user. Additional notes: Administrators will have the ability to toggle this feature on or off Sensitive changes do not block additional changes Feature does not prevent change events from submitting changes Future dated changes block additional changes Entity lookups support secondary fields for UI display and reporting For multi entity lookup fields allow administrators to configure what fields are visible on the selection screen. At present, only the name or [...]
Release – version 1.4.13
Report enhancements New option to include the report execution date and/or time in a report column output. New 'Is in' and 'Is not in' report filters - this allows reporting across a range of values. Report groups can be defined to store a list of values which can be used with these filters. New administrator reports added All Active Groups and Permissions - Lists all active security groups and the permissions assigned to each. All Active Users In Groups - List of all active users and the security groups they are in. All Active Lookup Values - Lists of all active lookup values for lookup fields. Openfunds ID Fields [...]
Release – version 1.4.12
Record Templates Not all data items are required or applicable for certain records. For example, a fund domiciled in the UK may require additional fields to be populated compared with that in Luxembourg. To reduce the amount of data that needs to be entered, the user interface will hide fields for a record if they are not applicable based on admin user defined rules. Entity permission rules engine A new rules-based system has been introduced to make it easier for permissions to be applied automatically to records based on the data held in the system. For example, only allowing a specific business unit to view, edit or approve [...]
Release – version 1.4.11
Schema enhancements The schema now has its own section and improved UI and new icons. You can now filter fields from the tree view. You can now create your own custom attributes for fields (e.g. ‘Is Business Critical). These properties are available on the field tooltip and reports. All schema changes are captured and visible in a new history section. You can now set permissions from a field. Data Lineage added – you can now track/see what reports a field is part of Report enhancements User interface refresh / new icons Active filter added by default (can be removed by user) Personal copy of a report [...]
Release – version 1.4.10
Document API enhancement Enhancements to the API to allow users to manage tags and categories assigned to documents. Approval enhancements Now schedule future publish changes on date and time Allow authorised users to cancel a future change before it is published Support has been added for sensitive approvals – these approvals cannot be seen by regular users via the user interface The display name for entity lookups is listed on the approval screen instead of record IDs to make it much clearer what is being approved Support has been added to show custom display names on approval, e.g. where an object doesn’t have a name field Approval [...]
Release – version 1.4.9
Release - version 1.4.9 Entity lookup source selector Changes have been made to the entity lookup data type to allow authorised users to select the entity and field visible to end users for selection. New login page experience The login page has been refreshed using the new Fundipedia branding. Filter records on landing pages Filter records on search pages (such as all Funds) by text fields to quickly find the record your looking for. Filtering is available on all object list and object linking pages. Approval loading and process times have been improved.
Release – version 1.4.8
Release - version 1.4.8 User interface language translations The user interface is changed based on the language they wish to view. The selection is saved on the user record and is maintained for future sessions. Initially Chinese Traditional, Japanese, Korean and Thai languages will be available for selection. Please speak to us to add additional languages. API Enhancements Allow end users to filter records via the API: more details. 'Date last updated' field added to all objects which can also be filtered on. HTML Data Type A new HTML data type is available for selection on the Fundipedia system when creating a new field. Users can enter [...]
Release – version 1.4.7
Release - version 1.4.7 Enhancements to document management New centralised document centre You can now upload documents not associated to an object Documents can be versioned via the approval process Enhancements to the Benchmark object This includes new relationship objects between Fund, Share Class and Sub Funds as well as a new object to allow Benchmarks to relate to themselves. Dashboards (beta) Three configured admin dashboards: Approval count Approval turnaround time Fund completeness Allow duplicate relationships Administrators can now configure whether many-to-many relationships can be duplicated via the admin settings. For example, the same fund manager can be added to the same fund record more than once. [...]
Release – version 1.4.6
Release - version 1.4.6 Change events Update to the change events system which will allow Fundipedia field data to be automatically changed based on other field value changes and rules you configure. See our change events help articles for more information. Enhancements to variations New combined view and edit all options available on form layouts. An administrator can configure which variation is displayed by default. The order that variations appear can now be changed by a system user. New Country variation extension has been added which appends the country ISO country code to the field name You can now make a variation extension inactive but still report on [...]
Release – version 1.4.5
Release - version 1.4.5 Reporting standards Users now have the ability to give fields extra headers and formats when building reports, e.g. for reporting in openfunds format. See our reporting in different standards blog post for more information. New 7 decimal place data type is now available Single Sign-on authentication with Azure AD Field information tooltip now available via field label click, not hover. This now allows you to copy and paste information from the tooltip.
Q&A with the Fundipedia Developer Team
We recently spoke to Senior Software Developer Steven Day about his experience of working at Fundipedia for over 10 years. You’ve worked at Fundipedia for over a decade – why did you join the company and what keeps you here? I started working at Fundipedia as an apprentice after I left college and had no real commercial or technical experience. My initial meeting with Simon and Dean was super relaxed and they were both very welcoming which is exactly what I was looking for in my first role. As I finished my apprenticeship and was offered a full-time position it never crossed my mind to [...]
Video – Modern approaches to data for asset managers + The European ESG Template – what you need to know
This webinar was recorded on March 10th 2022 and features: Simon Swords from Fundipedia Graeme Devlin from Devlin Mambo Simba Mamboininga from Devlin Mambo Simon will explore how asset managers are using modern processes and systems to put data governance on autopilot, allowing them to remain focussed on their core services. Topics include: How to align your data projects for successful outcomes The benefits of efficient data management Leveraging control models to automate data governance Integrating internal and external data sources Ensuring that your data across the market is consistent and accurate using automated reconciliation Using workflow to optimise your fund and share [...]
Fundi Launch Workflow
Fundipedia has added a new product to our comprehensive, end-to-end data management platform. Fundi Launch Workflow is a user-friendly, customisable, fully integrated fund and share class launch solution that is designed to help asset managers streamline and optimise their fund and share class launch processes. Building Fundi Launch Workflow, we set out to solve what we found to be the most common pain points experienced by asset managers when embarking on a new launch. With an ever increasing amount of data to process, constantly evolving regulations and competition to get new products to market faster, we understood the need for a product that would increase efficiency [...]
How asset managers and FinTechs can work better together
When the first wave of fintechs launched in the late 2000s and early 2010s, they made no bones about being in direct competition with traditional financial services firms. From the terms they used to describe themselves — challengers, or disruptors — to how they marketed their products, fintechs highlighted at every possible opportunity that they were more customer-centric, more agile, and, well, just better than incumbents. Then, in the mid-2010s, something happened. Fintechs and traditional firms realised they could achieve bigger and better things if they worked together instead of trying to out-compete each other. But despite widespread agreement that technology is fundamental to the industry's [...]
Fundi Launch Workflow Released
Fundipedia adds automated workflow for product launches to its platform for investment managers With Fundi Launch Workflow, investment managers can unify data, automate time-consuming processes, and align their product team around a shared purpose: launching products to market more efficiently and accurately than ever before. Fundipedia, the leading master data management platform for investment managers, is expanding its suite of tools with the addition of Fundi Launch Workflow. This latest addition to Fundipedia transforms the way product teams collaborate on the launch of new products, share classes and other product development processes. With Fundi Launch Workflow investment managers can efficiently collaborate on the completion of tasks [...]
Q&A with the Fundipedia Implementation Team
Recently, we spoke to Edward Dunkley (Ed), one of our Implementation Associates about what working at Fundipedia is really like. Ed –You were interviewed not long into this role and said that ‘understanding all the acronyms’ was what you found the most challenging. Is this still the case? My industry and project management knowledge has certainly improved but I still get the odd term or acronym I don’t know popping up! There’s certainly more to learn. I think the next step in improving my industry knowledge is moving from the ‘what’ to the ‘why’. So, for example, even though I might know what a [...]
Basic ESG and SFDR terms all Money Managers need to know
The SFDR was introduced by the European Commission, alongside the Taxonomy Regulation and the Low Carbon Benchmarks Regulation, as part of a package of legislative measures arising from the European Commission’s Action Plan on Sustainable Finance. The main provisions (Level 1) of the Disclosure Regulation came into action in March this year. The initial application date of detailed rules for requirements (Level 2) was set for January 2022. However, the European Commission decided to defer by six months as a consequence of its failure to hit the deadline for adopting draft regulatory technical standards (RTS) submitted by the European Supervisory Authorities (ESAs) in February. While this delay [...]
9 ESSENTIALS to gain a competitive advantage for your Wealth Management Firm
According to a cross-industry research by Accenture, over 80% of Asset Management companies don’t have enterprise-wide Master Data Management (MDM). Half of the respondents didn’t even regularly assess and update their data governance process definitions. So what is Master Data Management? MDM empowers Asset Managers to link all critical business data to a single point of reference. This reduces errors while ensuring business processes are not made redundant. It is the core process used to manage, centralise, organise, categorise, localise, synchronise and enrich master data while adhering to business rules. Why is MDM so important for the AM industry? Implementing MDM, and thus the ability to change [...]
8 pain points manual reconciliation brings to the table
In seeking to meet and overcome the challenges Investment Managers face in the wake of soaring trade volumes, increasingly complex transactions, and mounting pressure for faster reconciliation, firms today face an unprecedented level of hardship but also a myriad of opportunities. One of the greatest challenges Asset Managers must overcome is their capacity to meet the growing market demand for accurate and fast data reconciliation, regardless of volume levels. Efficient scaling has become impossible with existing manual processes. Here are 8 potential pitfalls of manual reconciliation that can hold your business back: Higher operational risk from unmatched data items Account errors that mislead Portfolio Managers, particularly regarding [...]
7 Risks and Lessons learned when implementing a 3rd party Product Master Data Management Platform
Fundipedia is a product data management platform built in partnership with, and delivered to the asset management industry. We work with some of the biggest names in the industry and through the delivery of dozens of successful Fundipedia installations, we have identified the most common risks and established strong mechanisms to mitigate them. From initial demonstration to user-ready, our implementation team will typically have Fundipedia Data Management up and running in less than 12 weeks. Delivered in an agile manner, ensuring the solution delivers value early and often using an incremental delivery model Client-owned and managed but delivered Software as a Service (SaaS) so you get the [...]
5 Competitive Boosters of an Automated Reconciliation System
Reconciliation is often overlooked and undervalued by firms. Done right, reconciliation can help you avoid regulatory risks, make informed decisions, and ultimately reduce costs. Unfortunately, reconciliation at many firms remains a laborious, time-consuming and risk-prone process relying heavily on spreadsheets and manual labor. This approach is not only inefficient but also fundamentally unsustainable in the long run. Planning well ahead, and considering automating your data reconciliation process early on, could be the competitive edge your firm has been seeking. Here are 5 competitive advantages to consider when deciding whether automated reconciliation is the right choice for you: 1. Informed investment decisions Asset managers are increasingly demanding further [...]
11 Key Capabilities to look for when considering an Automated Reconciliation Solution
Reconciling data manually is, more often than not, a good choice for firms just starting out. It requires minimal initial setup, almost no cost, and no development projects to implement. However, as the organisation grows, so too does the risk of errors. As data increases in volume and complexity, firms quickly realise that their lack of governance and audit trail, two of the foremost limitations of manual data reconciliation, become a real issue and risk to their business. This is also the point at which macros start to become increasingly complex. This is a precarious point for firms that, as a result, can end up with a [...]
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