New online tool making fund due diligence easier
FundRock and Governance.io make due diligence more efficient for the fund industryFundRock Management Company S.A. (FundRock) this week launched an innovative online due diligence tool, which makes meeting increasing regulatory due diligence requirements more efficient for their clients and delegates. The solution was developed over the last year in partnership with 2Gears S.A. (2Gears) on the Governance.io investment fund oversight platform. Ensuring the regulatory compliance of funds and their network of delegates by conducting regular due diligence reviews is one of the core duties of fund management companies like FundRock. It is attracting an increasing amount of scrutiny by regulators. Due diligence reviews comprise the ongoing monitoring of all participants involved in a fund’s structure, including investment managers, central administrators, distributors and depositaries. In order to make the due diligence review process as seamless as possible for their clients and delegates, FundRock together with 2Gears developed a new online tool that speeds up the process by:
- Pre-populating answers or providing multiple-choice answer options, where possible.
- Making it easy to attach documents through a drag and drop functionality.
- Instantly providing risk ratings and generating the final report at the click of a button.