Digital Fund Manager Compliance
A digital solution to automate and streamline compliance workflow and reporting programs
Financial Institutions in the asset management sector continue to see the evolution and expansion of regulatory imperatives along with a push towards digitalization. Compliance Officers, Financial Compliance Officers, and Financial Controllers are challenged with adapting to these changes efficiently and cost-effectively.
How can VERMEG help?
To meet this demand, VERMEG has developed a low-cost software solution tailored for boutique Fund Management Companies (FMCs) in Singapore.
Our Digital Fund Manager Compliance (DFMC) application uses the latest technology to fully digitize day-to-day compliance matters using a comprehensive and secure platform.
With DFMC you can transform your legacy processes, improve the quality of compliance outcomes, and minimize the burden of manual and administrative tasks on an organization’s scarce and valuable compliance resources – allowing them to focus their attention on delivering value-added services to the business and meet the needs of an increasingly digital workplace.
The Solution
- Financial and Margin Requirements – Automated reporting of Base Capital Requirement and Risk-Based Capital Requirements and filing of Quarterly and Annual Statements.
- Key regulatory updates and changes are automatically incorporated and updated in the solution to ensure future compliance
- Employee Management – Provides compliance officers with a digital store of all employee-related data and a full audit trail of any changes.
- Initial and ongoing self-declaration and probity checks, *continuing education, and CPD tracking
- Register or representatives/directors
- Automated MAS form generation
- MyInfo integration
- Personal Account Dealing – Ensures all employees stay in compliance with MAS and internal company policies around personal trade activity and helps protect the Company from potential conflicts of interest and conduct risk.
- Personal Account Dealing workflow (trade requests and approvals)
- Register of Interest and Substantial Shareholding
- Restricted security management
- Full automation with capacity for exception approval
- Risk Register – Digital risk assessments and management workflows.
- Risk appetite statement
- Inherent risk rating, and residual risk rating for each risk category
- License Condition – Provides compliance officers with a digital store of all Company-related data.
- Directors and Representatives
- Addition or Cessation of Regulated Activities
- Automated MAS form generation
The Platform
- Scalable – Cloud-native software-as-a-service (SaaS) solution built on Amazon Web Services (AWS).
- Secure – Compliant with the MAS’ Notices and Guidelines for Technology Risk Management (TRM) and IMDA Personal Data Protection Act (PDPA).
- Automated – Reduces manual intervention and operational risk through automation and comprehensive workflow management.
- Proactive – Ensures all regulatory obligations are met via automatic scheduling and notification of periodic reporting and filing deadlines.
- Audit Ready – Fully audits every data point within the Solution – making it simple to create internal compliance reports and track user activity.
- Future Proof – Provides seamless continuous delivery of software updates that capture all regulatory changes.
Download our Digital Fund Manager Compliance brochure:
