PRESS RELEASE: NeoXam Clients Ready for AIFM Directive
Paris – July 31, 2014 – As the AIFMD (Alternative Investment Fund Managers Directive) became effective July 22, 2014, a leading asset management software provider, NeoXam announced that its NX solution is fully compliant across Europe with the directive for their clients with EU AIFS funds. NeoXam provides front, middle and back-office solutions to the asset management industry worldwide.
Fund managers are now facing increased compliance constraints for their alternative funds as well as new reporting challenges. While the AIFM Directive will enhance customer protection, it will also involve changes in both the investment strategies and the asset managers’ organizational structure. To ensure our product strategy always stays in-line with the market needs, NeoXam has been proactively collaborating with customers, regulators, industry associations and professional firms to anticipate the regulatory changes’ impacts. Regulatory monitoring meetings and workshops are held in various locations on a regular basis throughout the year to discuss these impacts and incorporate them into the solutions. This enable us to support our clients’ needs by being compliant on time and on budget. NX GP3 (fund accounting, valuation and reporting), and NX Compliance (pre and post-trade compliance) have been designed to address the AIFMD requirements and therefore help transforming a regulation burden into a competitive advantage.
Serge Delpla, Chief Executive Officer of NeoXam, said, “Our clients continually need to cope with expanding regulatory challenges and increased needs for transparency. These regulatory changes can have significant impacts on our clients’ operations. Therefore we have always been committed in anticipating regulations’ impacts and enabling our customers to match the deadlines and compliant on time. A significant part of our revenues is dedicated to investing in our solutions’ development so that we can best serve our customers.”
About NeoXam
NeoXam provides front, middle and back-office solutions to the asset management industry worldwide. Benefiting from more than 25 years of experience, NeoXam enables you to achieve a new experience in asset management. NeoXam serves 95 clients in Europe, US, Africa, Latin America, Asia and Middle-East representing 10,000 users processing more than $7 trillion of assets daily. For more information, please visit: www.neoxam.com
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