FINSOFT

After reading an article ''The dawn of ManCoTech'' by Deloitte Luxembourg our CEO, Mark Gillies, decided to share his thoughts on how ManCos can achieve digital transformation. #manco #digitaltransformaton #aifm #aif #mancotech https://lnkd.in/e63_mNh

Giving out FREE coffee in the neighborhood to celebrate our 25 anniversary 🤩 come along if you are in the hood (Munsbach)! FINSOFT

Gregory Kennedy will be happy to discuss your challenges at the LPEA - Luxembourg Private Equity & Venture Capital Association demo day tomorrow! Link to registration in comments!

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The 22nd of May 2024 at 08:30 is a great time to come and see how dedicated software can enhance your operations! FINSOFT, a proud member of the LPEA - Luxembourg Private Equity & Venture Capital Association, along with several other leading software companies, will be hosted by Spuerkeess in a fantastic venue. It's an opportunity for software providers and fund management companies to interact and discuss solutions to operational, risk, compliance, and regulatory challenges. #aifm #aif #pe #alternatives #software

[NO PAY WALL] ''“Fund managers are making record bonuses” is a headline often heard in London, Frankfurt, and Paris, but rarely in Luxembourg. While we dominate in back-office services, these jurisdictions excel in providing front-office services, an area Luxembourg’s fund industry needs to develop. Over the past five years, the Luxembourg fund industry has experienced a slowdown in the growth of AUM and the number of funds, which has been detrimental to the economy. The solution is to grow the industry via horizontal or vertical integration. Countries such as China have successfully expanded their economy through both horizontal and vertical integration and are steadily moving up the value chain in terms of goods they produce and export. Luxembourg has a similar opportunity in the fund industry. Vertical integration Horizontal integration would involve expanding into new areas of back-office servicing, but this would be challenging as the back-office is widely developed and mature. The alternative is vertical integration, which would involve developing front-office services. Luxembourg would need to focus on attracting Portfolio Management-related roles, such as research teams who can inform Portfolio Managers about asset allocation and security selection, traders to execute transactions, and sales professionals to sell these services globally. As a rule of thumb, economies that produce high value-added innovative goods and services have a higher GDP than those that do not. In the Fund Industry, the front office is where the most value is added, potentially resulting in a positive contribution to the economy. However, it is questionable whether Luxembourg could attract front-office roles, as they tend to be located close to investors, in places like Wall Street, not Kirchberg. Additionally, the Grand Duchy currently lacks the adequate infrastructure to foster and develop skilled talent. Academic institutions While Luxembourg has already developed much of the necessary infrastructure and should not worry too much about its distance from investors, given that the majority of front-office roles can be performed anywhere, it does need to worry about its academic institutions. Training and education opportunities, as well as research and innovation possibilities, are quite limited in Luxembourg, across.....'' #aif #ucits #funds #frontoffice #backoffice #privateequity Investment Officer Luxembourg LPEA - Luxembourg Private Equity & Venture Capital Association Luxembourg for Finance ALFI - Association of the Luxembourg Fund Industry ABBL Adrian Whelan (He/Him) Eoin Motherway Jerome Bloch Luc Frieden PwC Luxembourg Mark Gillies Blackstone BlackRock https://lnkd.in/eE53Uf6m

We can't stop wild sales people but we can help compliance officers mitigate the risks that they take 😉

Seeing many fines about AML, CTF and KYC issues. Usually, poor procedures and practices are too blame. Companies under invest in compliance. Employees do their best with the tool(s) they are given. That tool is Microsoft Office. It can't handle scale. Hard to automate. Employeess struggle. Companies get fined. Why not look at solutions like F|S Oversight? Or even one of our competitors?

🎉 Big News Alert: FINSOFT Agrees to Microsoft Acquisition! 🚀 We're thrilled to announce that FINSOFT has agreed to be acquired by Microsoft, marking a significant milestone in our journey. This strategic move will enable us to leverage Microsoft's vast resources and global reach to drive innovation and deliver even greater value to our customers. Together, we'll continue to push boundaries and shape the future of technology in the financial sector. Stay tuned for more exciting updates! #FINSOFTMicrosoftAcquisition 🤝💼

🔄👨💻 Just like how Gregory Kennedy's development team periodically pauses to refactor code for better performance without changing its functionality, it's time for the #investmentfund industry to undergo a similar transformation, he writes in his latest column for Investment Officer Luxembourg. 🔄📈 #Refactoring in software development means restructuring existing code to improve maintainability and performance while keeping the same functionality. This concept isn't just for tech; it's urgently needed in the fund industry, which has become slow, complex, and resistant to innovation due to decades of incremental changes. 🧩🚀 🔍 Three key areas need urgent restructuring: 1. Regulations: We need to move from a convoluted labyrinth of rules to a single, clear, and concise set of regulations to enhance investor protection without the complexity. 📜➡️📏 2. Framework: It's time to streamline the process, reducing the number of intermediaries and fostering innovation and efficiency, much like integrating systems into a unified code base. 🌐🔗 3. Operations: We must prioritize agility over bureaucracy to reignite entrepreneurship and innovation, shifting from a heavily regulated environment to one that encourages growth and transformation. 💡🏃♂️ Like abandoning floppy disks for AI, the fund industry needs to refactor for future growth. Let's not stay stuck in the past, he argues. It's time for urgent restructuring! 💾➡️🚀 #Finance #Innovation #RegulationReform #FutureOfFunds #FreetoRead https://lnkd.in/esCTsFXZ