NeoXam, a global leader in Data Management, Performance Analytics, Portfolio Management, Reporting and Reconciliation software solutions, is pleased to announce the continued success of its collaboration with Gérifonds, a leading Fund Management subsidiary of Banque Cantonale Vaudoise (BCV). Gérifonds, which manages 138 funds with CHF 21.6 billion in assets, relies on NeoXam’s Compliance solution to streamline Regulatory Compliance and operational workflows.
Swiss Fund Managers face a demanding Regulatory environment, including the Collective Investment Schemes Act (CISA), Collective Investment Schemes Ordinance (CISO), and the FINMA Collective Investment Schemes Ordinance (CISO-FINMA). In response to these challenges, Gérifonds selected NeoXam Compliance to automate its Regulatory oversight, significantly enhancing its ability to detect and resolve Compliance breaches efficiently.
NeoXam Compliance acts as a vigilant, automated referee, continuously monitoring positions to identify potential breaches of both Regulatory requirements and specific client mandates. In the event of a breach, the system provides immediate alerts, complete with a full audit trail, allowing Gérifonds’ Compliance team to quickly address issues and maintain a robust Compliance posture.
The deployment was a further step in deepening Gérifonds long-standing relationship with NeoXam. Gérifonds has been using NeoXam’s Back-Office GP Investment Accounting solution for the last 20 years, and the NeoXam Compliance solution works in tandem with this software to ensure that any anomalies are flagged and dealt with in a timely manner.
Philipp Sfeir, Head of the EMEA North region at NeoXam, commented: “We are thrilled about the scope of the NeoXam Compliance project and to continue our partnership with Gérifonds. While the solution covers regulations e.g. with its Swiss Rule Package, customers can also set up new rules. This means that Gérifonds, along with our other customers, can extend the software to include specific investment policies, such as rules on distributions based on type of Portfolio Asset, percentage of holding per type of issuer, and rating Portfolio Assets. In addition to the compliance offering, Gérifonds successfully utilises the latest generation of our Investment Accounting solution, GP4.”
