Gérifonds, a fund management subsidiary of Banque Cantonale Vaudoise (BCV), has expanded its long-standing relationship with software provider NeoXam, aiming to improve regulatory compliance and operational efficiency.
Operating in Switzerland’s demanding regulatory environment, Gérifonds manages 138 funds totalling CHF 21.6 billion. To navigate complex regulations – such as the Collective Investment Schemes Act (CISA) and associated ordinances (CISO and CISO-FINMA) – Gérifonds has adopted NeoXam’s Compliance solution to automate regulatory oversight.
NeoXam Compliance acts like an automated monitoring system, continuously evaluating portfolio positions for compliance breaches. If an issue arises, the system issues immediate alerts accompanied by a detailed audit trail, enabling Gérifonds to swiftly resolve breaches and maintain robust regulatory adherence.
The new capabilities build upon Gérifonds’ use of NeoXam’s GP investment accounting software, which has been in place for two decades. The combined solutions provide a streamlined workflow where anomalies are rapidly identified and resolved.
Philipp Sfeir, NeoXam’s Head of EMEA North, explained that while NeoXam Compliance comes pre-loaded with the “Swiss Rule Package,” users can add customized rules, enabling tailored compliance monitoring for investment-specific policies, including asset-type distributions and issuer concentration limits.
“In addition to the compliance offering, Gérifonds successfully utilises the latest generation of our investment accounting solution, GP4,” added Sfeir, highlighting the integrated approach Gérifonds employs to maintain operational effectiveness.
Subscribe to our newsletter
