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By François MASQUELIER, CEO of Simply Treasury
No one can deny the difficulty of getting on-boarded by a bank. This is even more true when you are a fund (whatever the type of fund). Due to increased caution, fear of reputational risk, the need to be hyper-selective to prevent huge fines, more stringent KYC and AML rules, and unmet profitability on fund customers and especially Private Equity Funds, banks are becoming obstacles to the alternative funds and the funds administrator’s business, at the risk of paralyzing an industry that is lagging behind in terms of digitization.
Technology is vital to improve data sharing efficiency, accuracy and reliability
In a recent excellent article by Shanu Sherwani,...
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