Significant events such as the GFC had a major influence in the way financial businesses operated post-crisis. The reduction of their risk-taking, profitability and scope of their operations had taken place due to new post-crisis regulation which has dramatically increased the compliance burden on financial businesses and the cost of regulatory penalties.
Focussing on Reg-tech, two painful pressure points have risen in the financial industry which support its growth. On the expensive side, fines have risen for breaches and failing to comply with regulatory laws and the increasing costs of regulation and compliance has become one of the top concerns for Investment Managers industry wide.
Sydney-based media and entertainment fund Upsense Media Capital Pty Ltd is looking at entering the Australian live music sector with strategic partnerships and strategic equity investments in major projects.
FUND.ID, fund administrator, today announces that global provider of financial services software and software-enabled services, SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), is selected for investment accounting, asset servicing and mutual fund platforms, HiPortfolio and HiTrust.
Global Merces today announced its recently released FUND.ID regtech automation system will be implemented within the CoVESTA property investment platform. FUND.ID will deliver a highly efficient, cost effective and secure customer application process for CoVESTA’s Australian real estate investors.