Investor Onboarding digitizes and streamlines collection and creation of subscription, AML, KYC and tax documents for end-to-end fund onboarding

IHS Markit has launched Investor Onboarding, the industry's first fully hosted, digital onboarding platform enabling firms of any size to automate, integrate and centralize onboarding and ongoing compliance obligations, while simultaneously simplifying and accelerating the onboarding experience for investors.

"As investor onboarding becomes more complex and time-consuming, the need for greater efficiency has become urgent. Firms that rely on manual processes can take months to collect and validate the data required to collect subscription and tax documentation and conduct due diligence around AML/KYC, FATCA and CRS. This not only poses a serious inconvenience to the firm's investors but also inflates processing costs," said Christina McNamara, Platforms & Regulatory Compliance Director and Global Commercial Due Diligence Lead, IHS Markit. "At the same time, onboarding has been increasingly recognized as an important part of the investor experience. In an increasingly competitive investing landscape, many investment managers are focusing on onboarding as a crucial first investor touchpoint and seeking to differentiate the experience by digitizing and streamlining the process."

The solution offers:

• Enhanced investor experience by enabling users input data once, creating a golden source that populates multiple forms, including subscription agreements and tax forms. Data can also be pre-populated for existing investors, enabling subscribing to additional funds to be a review and submit function.
  
  
• Digitized investor data collection, validation and electronic signatures, creating a wholistic and validated Investor Profile.
  
  
• A configurable workflow to align with a firm's back-office operations, fund documentation requirements and investor preferences.
  
  
• APIs enabling sharing of investor data with any CRM, due diligence and compliance monitoring software and approved third parties.
  
  
• Collection and storage of investor data in accordance with security requirements and the Personal Data Protection Act (PDPA).
  
  
• Automated collection and validation of US IRS tax forms, Automatic Exchange of Information (AEOI) and Common Reporting Standard (CRS) tax residency forms and KYC reviews for both entity and individual investor types.

Investor Onboarding is the latest onboarding solution from IHS Markit, fully integrated with their Tax Solutions and KYC businesses. In 2018, the company launched Onboarding Accelerator, an automated, end-to-end onboarding solution for brokers, custodians and corporates. Built within the Counterparty Manager platform, it integrates entity data, document collection, KYC and tax profile validation, regulatory protocols and self-declarations, legal and credit agreements and operational setup. The platform supports 12,000+ buy sides, 200,00+ entities, and 200+ sell sides.

VIEW FACTSHEET

Posted 01 November 2021 by Christina McNamara, Executive Director, Global Head of Due Diligence, S&P Global Market Intelligence

S&P Global provides industry-leading data, software and technology platforms and managed services to tackle some of the most difficult challenges in financial markets. We help our customers better understand complicated markets, reduce risk, operate more efficiently and comply with financial regulation.

This article was published by S&P Global Market Intelligence and not by S&P Global Ratings, which is a separately managed division of S&P Global.