Due diligence in many directions – in a network.
At Avanza we always strive to be early adopters of innovative solutions and to lead digital transformation of the fund industry. By joining GRC WATCH we see huge efficiency gains and this is exactly the kind of development we want to be part of. The sooner everyone is part of the same network, the sooner we will all benefit!
The most brilliant part of GRC WATCH is that it helps us work smarter and avoid a lot of questionnaires and documents via email. Now we can easily monitor the management companies that we select to our fund platform. They can also check us in the same environment by getting access to our company profile.
It’s also great that we can share our profile with other types of companies like transfer agents and fund administrators. They ask for partly the same documents as asset managers so we can use our profile as a response to different types of due diligence requests.
Linnea Wiklund, Head of Fund Selection, Avanza Bank
Avanza Bank was founded in 1999 and is now one of the leading digital banks in Sweden with more than 900 000 clients. They offer a platform with more than 1300 funds and their goal is to offer products with low fees.
Lannebo: Expansion in other countries.
In today’s post, we are sharing comments by Daniel Sundqvist, Head of Sales and Marketing at Lannebo Fonder. They are expanding in other countries and had to solve the challenges related to regular monitoring of distributors.
Joint effort by asset managers in Norway.
Norwegian asset managers wanted to comply with the rules in MiFID II related to "mandatory" due diligence on distributors. They also wanted to minimize the work for the distributors and avoid sending a lot of unique questionnaires to them.