Sprachen

Print

News

Data at the push of a button – interface advances automation

Authors: Alexander Rassa

Date: 09. January 2020

  • Retail funds
  • Institutional investors
  • Company
Data at the push of a button The financial informatics investment company interface equally meets the requirements for the savings banks’ risk management and reporting functions.
Universal Investment has made another contribution to the rapid and automated delivery of fund data in the financial sector. The financial informatics investment company interface between the Sparkasse Group’s Finanzinformatik (FI) and Universal Investment as an Investment Fund Management Company makes it possible to assess Universal-Investment’s funds that are held directly by the Sparkasse savings banks.

Alexander Rassa, Senior Manager, Legal and Regulatory Reporting, Universal-Investment

The interface, which has been on offer for about a year, was created in response to a need on the part of the German Savings Banks Association to meet the regulators’ requirements with respect to assessing the risks of investing in funds. In March 2015, representatives of savings banks, associations and investment companies started working on guidelines for assessing these risks as part of the “Funds in Risk Management” project module. Universal Investment impressed the Sparkasse Group and was awarded the contract for this project.

FI interface procedure

The FI interface automatically supplies the fund data and the corresponding instruments from the originating Investment Fund Management Company to the savings banks once per month. It also meets the requirements for the savings banks’ risk management and reporting functions.

Universal Investment only transmits the individual asset data for the administered funds to the Thomson Reuters information service at the first level. The service provider assesses the plausibility of the data and sends it to Finanzinformatik, which forwards it to all connected savings banks. If special or public funds hold other, third-party target funds in their portfolio, external investment companies must provide data for these funds at the individual instrument level, potentially for the further analysis of funds at the savings banks. If this is not done, no further look-through of funds is possible.

Thanks to the automated delivery of validated fund data, the savings banks not only save a lot of time, but also meet the risk requirements as well as the regulatory requirements imposed by their own association and the regulators. A win-win situation for everyone involved.

 

 

More topics

  • Press Release
    30. September 2022

    Tenth annual real estate survey: Institutionals’ portfolios becoming more diverse and more international 

    According to the annual Universal Investment real estate survey , which has now been conducted for the tenth time, German institutional portfolios are increasingly being diversified in terms of their usage types and geographical target markets. While the domestic market in Germany and the other countries of Europe continue to account for the bulk of the invested assets, over the course of the past decade North America and Asia have increasingly gained in significance. 

    Read More
  • Press Release
    27. September 2022

    UI Enlyte und Bankhaus Scheich

    Read More
  • Press Release
    08. September 2022

    Universal Investment secures significant investment from CPP Investments and continues partnership with Montagu

    Read More