Linedata (Euronext Paris: LIN), a global provider of asset management and credit technology, data and services, today announced the launch of an optimised version of its Linedata Navquest fund monitoring solution.
As part of its commitment to expand its offerings, Linedata is integrating both functional and technological enhancements into Linedata Navquest with two key objectives. Firstly, by broadening the range of risks covered, Linedata reduces the margin of error in the day-to-day monitoring of Net Asset Value (NAV) by fund industry players. Secondly, by enabling automation and streamlining cloud-based processes, the principle of continuous development and integration (CI/CD) is upheld within the Linedata AMP platform.
Linedata Navquest's intuitive dashboards support control teams in working more efficiently to respond to the ever-expanding scope of obligations associated with increased regulation. All industry players, from asset managers to fund administrators, management companies and custodian banks (through their oversight departments) can now focus on covering all new risks for their clients, such as cash flow monitoring and safekeeping monitoring, via a unified tool.
"Due to the increased market volatility and ever more demanding clients, asset managers and controllers need clear metrics and reports to avoid the risk of errors and reputational damage," said Aldric Dupaïs, Director of Asset Management Europe at Linedata. "With our constantly enhanced fund monitoring solutions, our ambition is to strategically cover a whole range of risks, from compliance and ESG risks to operational risks such as NAV control and cash flow control.”
Two co-funding projects are underway with two of Linedata's longstanding clients in the UK and in Luxembourg which will be able to go live on the new version of Linedata Navquest at the end of the year.
This marks a continued commitment to transformation of the AMP offering, enabling asset and fund managers to gain greater granularity of control and confidently address all new compliance risks in Europe, the US and globally.