Efficiency pressures are intensifying and the regulatory landscape is becoming increasingly complex to navigate.
Depowise is a multi-jurisdictional Depositary Operations and Compliance solution to streamline operations and better enable regulatory compliance across your enterprise. Depowise helps to reduce operational risks and costs, increase automation and stay ahead of the trend. Offering unparalleled oversight and operational efficiency, and ensuring best of breed data quality.
Depowise gets you out of clumsy and confusing Excel-based solutions that are hard to audit and maintain.
Setting up new funds or expanding to new markets is easy and effortless, it takes no more than a few clicks.
The significant cash-flow monitoring module allows the user to specify fund-based significant cash-flow limits that are checked for daily cash transactions. In addition, Depowise will notify the user on the dashboard when a cash transaction is above the specified limit or has failed for counterparty risk.
Common reasons for cash transactions can be predefined and used to close transactions that do not require further investigation. It will increase the time you can spend on your other tasks.
Supports the following fund-based configurations:
Depowise reports give an overview of checked transactions and show the results of any measures taken.
State of the art rules engine to verify compliance of portfolio investments with the investment principles set in the regulation and fund prospectus. Build, configure and schedule investment rules.
Integrate current exposure and market data to deliver compliance at all stages of an investment life cycle, including hypothetical testing, pre-trade, post-trade, and ongoing portfolio monitoring across all portfolios in real-time. Dashboard to notify and monitor all your ongoing compliance matters. Complete audit trail of everything you do on the platform.
Whether you are asset manager or depositary bank relying fully on primary NAV calculation , you need to be able to verify the accuracy of NAV as ultimately responsibility lies with you. Pricing errors, fund admin outages, and independence issues can leave companies vulnerable to costly fines and cause reputational damage.
Full NAV Reconciliation
Depowise Full NAV Reconciliation engine provides companies with an independent tool to verify administrator’s results and, in case of a contingency, strike publishable backup NAV with 99,9% accuracy.
Asset manager’s back office can verify Investment Book of Record (IBOR) they receive from administrators against the official data from custodians, banks and market data providers.
Similarly, the Depositary bank can independently verify the calculation. The reconciliation of assets, cash balances, instrument prices, and FX rates can be executed in an efficient manner. Depowise is capable of automatically matching ~99,9% of the data, leaving only a handful of items for you to review. Adopting Depowise Full NAV Reconciliaton engine, you will be able to verify administrator’s work, identify problems early and fix discrepancies in due course.
Transfer agent (TA) reconciliation automates the daily matching of TA transactions with cash transactions booked on the bank accounts. TA reconciliation engine executes automatic matching of transactions, and users will only be required to combine unmatched transactions with an easy-to-use matching tool. In addition, reports containing information about matched and unmatched transactions are generated and easily shared with fund managers.
Safekeeping fund assets is complicated and includes high degree of risk if you don’t have a register for investment records, assets and liabilities. The “look-through” measures introduced with AIMFD require depositary banks to maintain information of assets owned by the SPVs and CISs.
Depowise asset register is designed to help depositary banks keep records of investments together with documentation and the entire history of changes. Our asset register supports the ownership hierarchy and enables you to visualize the structure of the assets held by the fund. In addition, Depowise AIFMD compliance and oversight reporting software supports keeping information about different types of assets and lets you define the various types of information required.
A built-in workflow engine supports building dynamic processes and configuring every action on the way. Streamline workflows and allow all the stakeholders to work together, ensuring key decision-makers are aligned.
The steps may include collecting documents, reviewing transactions, performing manual activities and many more. Every action taken in the workflow will leave behind evidence in the audit trail.
A highly flexible and easy to use reporting engine that sits on top of Depowise allows you to build, design, and automate reports for internal and external stakeholders with different output formats. Access pre-built templates and create your own custom reports without the need of external help.
One of the only systems on the street providing a fully dedicated one-stop solution for UCITS & AIF Depositary Service providers globally.
Access Depowise’s flexible and extensible architecture to easily integrate with the counterparties.
Depowise automates oversight processes that reduce your risk and increase operational efficiency
Depowise is built on an extendable platform that helps you scale your business easily whilst providing much-needed independence from counterparties
Compilance
Let us take care of your assets and you can enjoy reduced risk.
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Asset servicing is undergoing a major transformation as technology becomes an increasingly important aspect of the industry. Competition, regulations, changing expectations for meaningful work and
13 clients live, many more in the pipe, and outlooks for really large ones ahead, PostTrade 360° writes about Depowise success.
Luxembourg-based banking company Banque de Patrimoines Privés S.A. (also known as Creand Wealth & Securities) enters into a strategic technology partnership with Estonian FinTech Depowise
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