Financial service providers must conduct pre-trade investment suitability checks to determine whether a product is in line with investment objectives, risk requirements, as well as with the knowledge and experience of a client. Data provided by clients must be assessed against product/portfolio characteristics. To ensure a consistent client experience and to allow for efficiency, it is essential to follow a structured approach with a global suitability framework tailored for local conditions.
Client benefits
- Become and/or stay compliant: Make sure your policies and systems meet global and local regulatory requirements to avoid penalties.
- Innovate and automate: Forget about manual processes, let us support you in getting your systems to work for you.
- Leverage existing data: Stop capturing the same attributes on multiple occasions for various purposes. We guide you through the maze of data redundancies and assist you in mapping out your data in a consistent and well-structured manner.
- Improved efficiency & free up client time: Automated tasks and digital workflows enable quicker response, help reduce operational risks & costs, and free up client time.
finalix contribution
- Assessment and implementation of regulatory requirements working closely with Legal and Compliance, minimising regulatory risk exposure.
- Driving process design and structuring across the suitability processes including investment governance model and framework design.
- Assessment of your system environment, identification of weaknesses, and improvement opportunities (gap analysis, proof of concept design, etc.)
- Tailor-made suitability checks & questionnaires.
- Turn-key project management from analysis, to implementation, roll-out, communication and training.
- Vendor evaluation and selection.
