INDOS moves to digitize the AIFMD depositary space
November 1, 2017

INDOS Financial Limited, a UK independent depositary, says it has gone live with the second and key phase of the integration of its cloud-based DEPOcheck software.

INDOS says DEPOcheck, developed on its behalf by Centigen Soft, provides an integrated workflow management and fund supervisory solution for depositary businesses.

Phase 1 of the project, completed in late 2016, provided a comprehensive work flow management system to record daily, weekly, monthly and quarterly depositary activity, mapped to the AIFMD (alternative investment fund manager directive) depositary requirements, covering hedge funds, private equity and real estate funds.

Phase 2, launched today, involves the release of cash flow monitoring and asset record keeping and verification modules. This includes functionality to process large volumes of complex financial data from multiple industry sources (fund administrators, prime brokers and custodians) with different file formats, for example, to identify significant and unusual financial transactions, bringing such anomalies to the attention of the user for further investigation.

Phase 3, due to be completed in Q1 2018, will involve automation of certain fund net asset value supervisory activity, and integrated artificial intelligence features for data analyses.





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INDOS Financial Limited, a UK independent depositary, says it has gone live with the second and key phase of the integration of its cloud-based DEPOcheck software.

INDOS says DEPOcheck, developed on its behalf by Centigen Soft, provides an integrated workflow management and fund supervisory solution for depositary businesses.

Phase 1 of the project, completed in late 2016, provided a comprehensive work flow management system to record daily, weekly, monthly and quarterly depositary activity, mapped to the AIFMD (alternative investment fund manager directive) depositary requirements, covering hedge funds, private equity and real estate funds.

Phase 2, launched today, involves the release of cash flow monitoring and asset record keeping and verification modules. This includes functionality to process large volumes of complex financial data from multiple industry sources (fund administrators, prime brokers and custodians) with different file formats, for example, to identify significant and unusual financial transactions, bringing such anomalies to the attention of the user for further investigation.

Phase 3, due to be completed in Q1 2018, will involve automation of certain fund net asset value supervisory activity, and integrated artificial intelligence features for data analyses.



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