Following an extensive evaluation period 1741 Asset Management AG (1741 Asset Management) has decided to implement the Profidata Group’s investment management system, XENTIS, thereby ensuring comprehensive monitoring of all investment restrictions by XENTIS. Statutory risk calculations are due to follow in a second phase of implementation.
1741 Asset Management will use XENTIS for the monitoring and testing of investment compliance in accordance with Swiss regulatory requirements. The necessary decision trees are provided in XENTIS as standardised 'country rule sets'. Profidata continuously updates these, according to the changes imposed by the national legislature. Jobs such as the monitoring of OTC derivative investment limits are now automated through work flows in XENTIS.
Efficient processing of compliance checks was one of the key requirements of the new software in order to ensure high standards continue to be met in the increasing number of assets. The high demands of 1741 Asset Management in terms of flexibility, user-friendliness and integration capabilities are likewise satisfied by XENTIS.
"Above all, it was the intuitive application and rapid implementation of new requirements that clinched it for XENTIS. This system allows us to continue to grow as a company", said Antonio Donno, Head of Compliance & Risk Controlling at 1741 Asset Management. "Another selling point for us was the work of Profidata itself".
Christian Widmer, CEO of Profidata said: "In an increasingly dynamic environment customers are looking for an agile solution for their investment management that allows rapid response to market demands. The modular layout of XENTIS enables the flexible and step-by-step application of individual functionalities."