Depositaries
Depowise stands out as the only platform that covers all essential pillars of depositaries: oversight, safekeeping, and cash flow monitoring. Our Depositaries Solution is a cutting-edge tech solution that revolutionises the depositary sector, offering comprehensive and streamlined services for depositaries operating within the UCITS and the AIFMD regulations.
The solution automates 82% of the depositaries’ work, simplifying data handling, reducing paperwork, and eliminating tedious manual data entry tasks. This improves the overall quality of work, saves time, reduces the risk of errors, and increases profitability through doubled efficiency.
The Depositaries Solution complies with the European Union’s regulations and oversight, which have become more stringent since the Lehman Brothers collapse in 2008. In order to support depositaries in their mission to protect investors’ assets, Depowise has developed a one-stop solution to solve all the key problems that stop financial institutions from scaling. Depositaries Solution provides an efficient way to handle data flow, automating the process of entering data, ensuring the safe storage of data, and enabling depositaries to easily show regulators and auditors any changes in data and documentation at any time now or in the past.
The five powerful features included in the Depositaries Solution make it an all-in-one solution for depositaries looking to take their operations to the next level.
Oversight
The Oversight feature delivers depositaries all the tools they need to fulfil their oversight duties – automated full NAV reconciliation, investment compliance monitoring, due diligence, and workflows to cover and document the oversight procedures.
Safekeeping
Depowise’s Safekeeping feature ensures that investors’ assets are stored safely and securely. The assets’ ownership and presence are verified at the time of purchasing and selling, remaining reproducible at any point in the future. Current records are diligently maintained, and investments are made in accordance with the regulations.
Cash Flow Monitoring
Depowise’s Cash Flow Monitoring tool facilitates comprehensive monitoring, reconciliation, and follow-up of daily cash flows. By ensuring compliance with documents, tracking discrepancies, and reviewing timely transaction settlements, it enhances transparency and compliance while optimising oversight of cash flow.
Customer Relations
The Customer Relations feature includes a centralised communication platform between you and your customer, keeping all the documents and emailing in one spot, allowing you to improve customer satisfaction and streamline your workflow.
Depowise Platform
The first and must-have product provides a solid foundation for the solution, ensuring that all data is centralised and easily accessible.
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