Indian financial technology firm Dion Global Solutions has unveiled a MiFID II solution to help wealth managers comply with regulatory needs and build a new effective business operating model.
The solution, supported on mobile and online, will facilitate compliance across the entire wealth life cycle, Dion stated. This includes the front office with focus on investment strategy and portfolio construction, the middle office with focus on trading and order management, and back office with compliance across cost disclosure and transaction reporting.
The solution is scalable, capable of storing massive amounts of data for record keeping, as well as decreases the level of manual processing.
The solution will support improved suitability, reporting, data aggregation and can record and store digital voice files, the technology vendor added.
Dion Global Solutions managing director of wealth management solutions Kean Williams said: "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."