FinoComp is a progressive software development company specializing in microservices solutions tailored for the wealth management industry. Their suite of high-performance tools is designed to address complex regulatory, operational, and propositional challenges, enabling organizations to adapt swiftly to market changes and deliver exceptional client outcomes. By integrating seamlessly with existing systems, FinoComp's microservices enhance agility, scalability, and resilience without necessitating extensive core system overhauls.
Key Features and Functionality:
- Regulatory Tools:
- CoCa: Facilitates seamless MiFID II ex-post costs and charges reporting, ensuring complete performance transparency for clients.
- Intermediary Tools:
- Cobalt: Provides powerful cost-base calculations, enabling optimization of capital gains tax allowances.
- Insight: Delivers fast, accurate, and detailed insights into portfolio performance, supporting various calculation methods, date ranges, and currencies.
- MPS: Offers comprehensive model portfolio services management software for financial advisors and discretionary fund managers.
- Back Office Tools:
- SSAD: Creates a single, consistent, and reliable source of asset and platform data across the business.
- Charge Def: Simplifies the creation, maintenance, and allocation of charge rate cards.
- Toro: Performs exceptionally fast calculations of complex fees and charges.
Primary Value and Solutions Provided:
FinoComp's microservices empower wealth management organizations to overcome operational complexities and regulatory hurdles by offering:
- Enhanced Client Service: By providing real-time, detailed insights and reporting capabilities, advisors can deliver transparent and informed advice to clients.
- Operational Efficiency: The modular nature of microservices allows for targeted enhancements without disrupting existing systems, leading to cost-effective and efficient operations.
- Regulatory Compliance: Tools like CoCa and SSAD ensure adherence to regulatory requirements, reducing compliance risks and associated costs.
- Scalability and Flexibility: The microservices architecture supports rapid adaptation to market changes and scalability to meet growing business demands.
By integrating FinoComp's solutions, wealth management firms can achieve a competitive edge through improved service delivery, operational agility, and compliance assurance.
