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15 June, 2016

Contemi Europe Launches a Comprehensive MiFID II Solution for Wealth Managers

June 16, 2016 (UK): Contemi Solutions, the leading supplier of modular solutions to wealth management, banking and financial institutions across the globe, today announced the launch of their MiFID II solution that enables customers to comply with the regulatory requirements, and build a new business operating model to gain competitive advantage in the industry.

The financial industry is facing several challenges in meeting the new regulatory requirements including record keeping, client reporting and investor protection, pre- & post-trade transparency, internal controls and analytics; as well as the significant costs which all of this will incur.

The MiFID II solution is among the most comprehensive and functionally rich solutions that is scalable, with the ability to store the large amounts of data that will be required for record keeping, while also reducing the level of manual processing. The solution helps wealth managers with issues such as improved suitability, reporting, data aggregation and the ability to record and store digital voice files. It will ensure compliance across the entire wealth life cycle, from the front office with particular focus on investment strategy and portfolio construction; to the middle office with attention to trading and order management; and the back office guaranteeing compliance across cost disclosure and transaction reporting.

“It is our constant endeavour to build efficient technology solutions to support the growth of our clients’ business, be compliant to new regulatory requirements and keep their customers happy. In light of this, we have introduced new solutions to our wealth management suite that will help address current pressing issues and future requirements, helping our clients retain profitability during challenging times that lie ahead. Our domain expertise and innovative technology solutions will support clients’ business towards MiFID II compliance”, said Kean Williams, CEO at Contemi Europe

Supported on mobile and online, MiFID II solution aims to ease the pressures of the regulation whilst supporting compliance and profitability.


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