Fintech Company FIS (NYSE: FIS) today announced that it has remodeled its private funds as a cloud-native-as-a-service (SAAS) software solution.
It has also been upgraded to a fully front solution by incorporating FIS’s newly -established Suite Services Services.
At its core, the private order of capital is designed to face the biggest challenges facing private investment funds today. Replacement of manual processes with automation, harmonization of data flows and supporting, in real time, the suite helps private capital companies to provide a modern, intuitive investor experience and maximize the performance of each dollar at work.
With the renovation of the FIS Private Capital Suite as a SAAS offer, it acts as a flexible and gradual ecosystem that can better help private capital managers with complex capital processing, helping to promote effectiveness, compliance and transparency. It supports the fight against money laundering, knows your client (KYC) and the potential for investment embarkation and presents a unique ability to support the possibilities of complying multiple measures for today’s increasingly complex private strategies.
“According to FIS’s recent Harmony Gap survey, less than half of private share companies (45%) feel confident and prepared when investing in their Fintech strategies,” said Matt Stauffer, head of FIS Back Office solutions. “The increase in private investment funds has brought complexities that include more complex capital structures, multiple compliance and higher investor expectations for transparency and digital access.
With the incorporation of the Suite Services Suite, the private chapter Suite Service Services, the full life cycle of private shares, covering the vessel investor, new portfolio monitoring, portfolio analysis, fund accounting and partnerships, reporting and data management. The solution also provides multiple compliance capabilities, allowing FI to better serve modern private shares and asset managers that are becoming increasingly multiple and global to search for additional investment returns.
With other recent announcements, such as the start of FIS, Suite Service Service and nervous treasure reconciliation service, the launch of a redesigned private capital suite reflects how FIS continues to help modernize capital markets so that it can be able to modernize each other.