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The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Princeton Financial Systems Automates KID Creation for Financial Institutions

Princeton Financial Systems (PFS) today announced Switzerland based companies, Vontobel and Swisscanto recently joined a growing list of European institutions to use PFS’ solutions to support their Key Investor Information Documents (KID) creation process. PFS customers can organise and automate this process in accordance with current regulatory standards, which ranges from data provision to the calculation and monitoring of ratios, as well as the distribution of documents, which need to be published.

KIDs are designed to take the place of the Simplified Prospectus under the specifications of the UCITS IV Directive. PFS’ solutions comply with these regulations through automated data importing and subsequent integrity and quality checks. They also automate the calculation of all required ratios for the creation of regular and ad hoc reports following significant changes of a fund.

PFS also announced the availability of specific templates, which can be used to calculate the Synthetic Risk and Reward Indicator (SRRI) for risk/return profiles or for the creation of KIDs in compliance with the regulatory requirements set by the European Securities and Markets Authority (ESMA).

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