TechRules launches an online on-boarding global solution for financial entities and fund managers

TechRules, the leading software company for wealth management, has developed a global solution that allows the full on-boarding process and online acquisition of portfolios for clients of financial entities and advisory companies

This digital on-boarding can be carried out through digital signature, as other procedures like “know your customer” (KYC) and “Anti-Money Laundering” (AML). TechRules solution implements not only on-boarding, but also profinling as the client can fill in the MiFID II test and portfolio management as the client can buy multiasset portfolios depending on his profile.

This solution saves time and costs in the on-boarding management, the client investment profiling and the portfolio acquisition. Additionally, these tools implement alerts linked to the company CRM, like expiration warnings for suitability tests or digital signature, or the temporary change of brokers that can offer any added support to the final customer.

After MiFID II had been pin place, individual investors have a larger protection that has pushed fund managers and other financial entities to develop processes according to this regulation. The cost of these regulatory changes is high, but technological tools linked to certification systems, like the digital signature, allow a double task of compliance and saving.

“TechRules is, as usual, at the vanguard of the industry, opening ways for innovation. Our experience of more than 20 years helps us anticipate the trends that appear in the sector afterwards. We make an in-depth analysis of current technologies, regulations and add the value of our knowledge to switch everything in a global, easy to use solution to implement them in system that fund managers and financial entities have today available in order to contribute to the development of their business”, explains Jaime Bolivar, general manager of TechRules.