PRODUCTS
Finomial automates investor servicing from end to end, bringing together fund administrators, fund managers, and investors
Analyzes investor data and identifies investors where FATCA declaration is required
Coordinates and automates outreach to investors for FATCA declarations using online email generation and tracking
Enables investors to respond to your FATCA inquiries online for real-time data capture and analysis
Automates the process of collecting W-8 and W-9 forms and archives/audit logs all data collection processes
Provides management analytics on the status of FATCA declarations by fund, investor and investment balance
Finomial AML
Anti-Money Laundering compliance is about more than checking a name against a database. It’s about ongoing monitoring in the context of the client profile, their activity, and the complex relationships between and among clients and counterparties.
Risk-Based Approach
➤ You define the risk classifications & criteria
➤ Streamline reviews based on risk priority
➤ Enable overrides and reporting
Customizable Rules Engine
➤ Business users can configure risk classifications
➤ Criteria for each risk classification can be customized on the fly
Beneficial Ownership
➤ Deep mapping of Underlying Beneficial Owners (UBOs)
➤ Controlling Persons, Related Parties
➤ Drill down to “n” levels of beneficial ownership
Global & Local Data
➤ Finomial integrates with third party AML databases
➤ You choose the source
➤ LexisNexis Bridger, ThomsonReuters Worldcheck & others
Audit & Reporting
➤ Full audit log with transparency for business users
➤ Management reporting metrics are fully customizable
Finomial KYC
Know Your Customer is more than a box to check – it’s a collaborative process with your clients and counterparties, and requires sophisticated analytics that cross country boundaries and business lines.
Customizable Rules Engine
➤ You define KYC document requirements by client type, jurisdiction, activity and risk profile
➤ Automatically solicit annual or periodic document refreshes
➤ Request additional documentation based on client activity, risk rating changes and regulatory requirements
Converge Data & Documents
➤ Client profiles converge data & documents, instead of leaving documents siloed in shared drives or document management systems
➤ Review KYC documents in the context of the client profile, risk rating and activity
Four-Eye Reviews
➤ Customize the workflow to ensure the right number of reviewers, based on client risk profile
➤ Enable escalation inside and outside your organization
Collaborate & Close the Loop
➤ Request missing documents from clients automatically
➤ Clients can provide documents directly on the platform, immediately closing the loop
➤ Documents received via email can be automatically harvested into the platform, eliminating painstaking manual steps
Audit & Reporting
➤ Full audit log with transparency for business users
➤ Management reporting metrics are fully customizable
Investor transaction is received directly in Finomial
Investor completes subdoc online
Fund Admin reviews subdoc compliance and sends it to the Fund Manager for final approval
Fund Manager approves subscription
Fund Admin sends contract note to investor
Investor receives contract note
Investor
Provide direct personalized information to all your investors
- view all documents in a centralized
- manage documents, tasks, and activity in a single dashboard
