We estimate we have shaved 50 to 75 percent of the costs of a manual fund application process by integrating regtech and agility to streamline one of the most resented aspects of joining a fund. It is also a costly friction point for fund managers. We know from our insights into the process investors find it frustrating and time consuming.
FUND.ID provides a link to investors from a desktop or mobile location, certifying their identification online against government issued databases. When used in conjunction with Global Merces Fund Administration Service no wet signature is required. A secure 4-digit PIN allows investors to sign documents in a banking-level encrypted environment. If the client fails to complete the application process they are contacted by our fund administration team to provide personal details to close any gaps.
If a client fails to complete an application form, they receive an automated reminder within 24 hours.
The first external client to implement FUND.ID is CoVESTA, a fractional property investment platform where you can invest in any available property, in any asset type, anywhere in Australia.
FUND.ID is Australia’s innovative provider that brings a world of difference through the specialisation of leading-edge online application software, regtech and fund administration services. www.fundid.com.au