Deka Investment, subsidiary of DekaBank, has partnered with us to monitor its shareholding disclosure requirements. With almost US$300bn in funds under management, the German-based asset manager is part of the Deka Group which ranks amongst Germany’s major securities service providers.
Pictured above: Frankfurt, where Deka is headquartered
Our Shareholding Disclosure service automates some of the most difficult tasks in financial compliance, enabling compliance teams to get more done in less time. In their search for a Shareholding Monitoring and Disclosure service, Deka Investment was looking for an industry expert with a vast rule library and dedicated content team with a high level of compliance expertise. With support for major shareholding, short selling, takeover panels, issuer limits and more, our service will enable Deka’s compliance team to disclose more quickly by automatically generating disclosure forms.
"We are aware that shareholding disclosure is getting more complex as a regulatory requirement, and we wanted to invest in a service driven by expert compliance knowledge. With the help of FundApps, we can commit to delivering high-quality investment outcomes to our clients. We're excited about joining FundApps’ compliance community and we look forward to working together.”
Dirk Kaltschnee, Compliance Officer at Deka Investment
DekaBank's roots date back to 1918, when Deutsche Girozentrale (DGZ) was founded; Deka as an investment company was founded in 1956. In 1999 DGZ and Deka joined forces to create DekaBank. Deka ranked second place at the 2019 €uro FundAwards “Fund Manager of the Year”. Partnering with FundApps enables them to enhance their compliance capabilities with the market-leading Shareholding Disclosure service, automated disclosures in 90+ jurisdictions.
“Our mission is to make compliance simple for financial institutions. We realised that the best way to do this is to provide more than just software, so we blend technology with regulatory expertise.” said Andrew P. White, CEO and founder of FundApps.
“Our approach allows us to respond to regulatory change as fast as possible, without ever needing clients to write rules themselves. The FundApps model is built to provide instant updates to our clients, which falls in-line with our clients’ nimble and flexible approach to investing.”
We also offer a Position Limits service, monitoring positions against exchange-imposed limits from around the world, sourcing regulatory data to increase accuracy and expedite limit warnings.
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