IHS Markit has launched Investor Onboarding, a fully hosted, digital onboarding platform enabling firms of any size to automate, integrate and centralise onboarding and ongoing compliance obligations, while simultaneously simplifying and accelerating the onboarding experience for investors.
“As investor onboarding becomes more complex and onerous, the need for increased efficiency has become urgent. Firms that rely on manual processes can take months to collect and validate the data required for subscription and tax documentation and conduct due diligence around AML/KYC, US tax, FATCA and CRS. This not only poses a serious inconvenience to the firm’s investors but also inflates processing costs,” says Christina McNamara, platforms and regulatory compliance director and global commercial due diligence lead, IHS Markit.
“At the same time, onboarding has been stressed as an important part of the investor experience. In an increasingly competitive investing landscape, many investment managers and fund admins are focusing on onboarding as a crucial investor touchpoint and seeking to differentiate the experience by digitalising and streamlining the process.”
Investor Onboarding is the latest onboarding solution from IHS Markit, fully integrated with their Tax Solutions and KYC businesses. In 2018, the company launched Onboarding Accelerator, an automated, end-to-end onboarding solution for brokers, custodians and corporates. Built within the Counterparty Manager platform, it integrates entity data, document collection, KYC and tax profile validation, regulatory protocols and self-declarations, legal and credit agreements and operational setup. The platform supports 12,000-plus buy sides, 200,000-plus entities, and 200-plus sell sides.
