IHS Markit releases fully hosted, digital onboarding kit for fund managers

IHS Markit releases fully hosted, digital onboarding kit for fund managers

Source: IHS Markit

IHS Markit has launched Investor Onboarding, the industry’s first fully hosted, digital onboarding platform enabling firms of any size to automate, integrate and centralize 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, U.S. tax, FATCA and CRS. This not only poses a serious inconvenience to the firm's investors but also inflates processing costs,” said 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