What is AML Software? Anti-money laundering (AML) software is used in the financial and related sectors that need to comply with the tightening legislation imposed by regulatory bodies. It can prevent or detect anomalous activity, reduce false positives, and assist companies in an accurate reporting of suspicious transactions. Why do finance organizations need AML software? […]
Need of the hour: Anti-money laundering softwares Read More »
Why is the BSDA list scrutiny critical? As per SEBI Circular CIR/MRD/DP/22/2012, all depository participants (DPs) are required to make available a “Basic Services Demat Account” (BSDA) for the benefit of retail investors. For this purpose, every brokerage firm gathers the entire data, of around 3 Million people, to scrutinize from various sources. The endgame
How Brokerage firms can automate BSDA Reporting Read More »
In the world of mutual funds, investible surplus cash is a critical aspect that fund managers need to monitor and manage to ensure smooth operations. A clear and ongoing view of the available funds allows fund managers to make investments and generate returns for their investors. However, having this visibility can be challenging, and it
How AMCs can accurately estimate their Investible Surplus Read More »
The net asset value (NAV) calculation and reconciliation process for an asset management company (AMC) is a complex and time-consuming process. While asset managers with multiple funds may outsource NAV calculations to third-party fund administrators, the ultimate responsibility for accuracy lies with the firm. Which is why NAV calculation and reconciliation is a crucial task
How AMCs can simplify NAV Computation and Reconciliation Read More »
