How to digitalise asset management through KYC solutions? – Insights from the ATEL Asset Management Conference

During the ATEL Asset Management Conference taking place on 11 June, Stefan Kirsch, Business Consultant at Finologee, shed light on the question of how to digitalise asset management through innovative KYC solutions, presenting Finologee’s modular KYC Manager and its integration with the LYNKS platform to enhance efficiency, compliance and operational flexibility.

In the rapidly evolving world of asset management, one of the biggest challenges is to master the complicated KYC (Know Your Customer) processes. Asset managers often encounter issues such as inefficient operational processes and complex structures that hinder smooth interaction between fund managers and investors. These challenges are amplified by outdated data and firm-specific procedures and workflows, often leading to delays and increased compliance risks. During the ATEL Asset Management Conference on 11 June, these issues were discussed. Stefan Kirsch, Business Consultant at Finologee, emphasised the need for innovative solutions to streamline and digitalise KYC processes.

During the panel on “How to digitalise asset management through KYC solutions?”, Stefan Kirsch presented Finologee’s KYC Manager, a modular solution designed to comprehensively solve these pain points. As well as offering a supported onboarding process, lifecycle management and ongoing monitoring, the platform also provides a tool for managing data updates. It consists of 12 different modules covering identification and validation, automatic data and document enrichment and client outreach. In addition, it supports integration with third-party providers via API for advanced functionality in areas such as digital signatures and AML screening. This modular approach enables asset managers to customise their KYC processes to ensure efficiency and compliance while reducing operational overheads.

In a use case presented by Stefan Kirsch at the conference, he illustrated how asset managers can leverage Finologee’s KYC Manager in combination with Finologee’s banks and account management platform LYNKS. By integrating these platforms, asset managers can benefit from a comprehensive ecosystem that includes transaction case management, account information and aggregation, payment workflow management, counterparty monitoring and management and digital signature capabilities. This integration enables a seamless and secure environment for managing customer interactions and transactions, ultimately improving operational efficiency and regulatory compliance. The synergy between KYC Manager and LYNKS is an example of the potential of digital solutions to transform asset management practices, making them more flexible and responsive.