Coping with a difficult landscape
Fund managers and fund distributors must struggle with a complex processing environment:
"Today, the European cross-border funds processing landscape is suffering from a high level of fragmentation at both trading and post-trading levels in the transaction value chain resulting in high operating costs and considerable operational risks."
* from "Standardization of Funds Processing in Europe," a report from European Fund and Asset Management Association's Fund Processing Standardization Group, 09 Feb 2005
While client pressure and regulatory pressure is growing for "Open Architecture" - the right of investors to select the best available funds for their needs - implementation of Open Architecture remains expensive and incomplete. |
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Different Messages, Processes and Communications Channels
Most fund managers and distributors recognize the diversity of fund message types: SWIFT FIN (formatted and unformatted), SWIFT XML, national message types (e.g. Investro in Germany, EMX in the U.K), proprietary FTP, and of course the fax machine. Even more challenging - and often less recognized - is the fact that every message type involves different business processes and different communications channels. Managing such a diversity of messages, business processes and communications flows are the core competency of Funds Open Architect.
Funds Open Architect, powered by X-Gen, specializes in the message types and business processes most often used in funds distribution. It is supported by Swissrisk Financial Systems' professionals with industry experience earned at such prestigious clients as:
How does Funds Open Architect work?
Funds Open Architect is a specific application of X-Gen, tailored for the special needs of the funds distribution market. As a graphically-based tool-kit, X-Gen is best understood via a live demonstration. Via a series of click-and-drag modules, business and systems analysts can:
