IHS Markit has launched Investor Onboarding, the industry’s first fully hosted, digital onboarding platform enabling firms of any size to automate, integrate and centralize onboarding and ongoing compliance obligations, while simultaneously simplifying and accelerating the onboarding experience for investors.
The solution offers:
• Enhanced investor experience by enabling users input data once, creating a golden source that populates multiple forms, including subscription agreements and tax forms. Data can also be pre-populated for existing investors, enabling subscribing to additional funds to be a review and submit function.
• Digitized investor data collection, validation and electronic signatures, creating a wholistic and validated Investor Profile.
• A configurable workflow to align with a firm’s back-office operations, fund documentation requirements and investor preferences.
• APIs enabling sharing of investor data with any CRM, due diligence and compliance monitoring software and approved third parties.
• Collection and storage of investor data in accordance with security requirements and the Personal Data Protection Act (PDPA).
• Automated collection and validation of U.S. IRS tax forms, Automatic Exchange of Information (AEOI) and Common Reporting Standard (CRS) tax residency forms and KYC reviews for both entity and individual investor types.
Investor Onboarding is the latest onboarding solution from IHS Markit, fully integrated with their Tax Solutions and KYC businesses. In 2018, the company launched Onboarding Accelerator, an automated, end-to-end onboarding solution for brokers, custodians and corporates. Built within the Counterparty Manager platform, it integrates entity data, document collection, KYC and tax profile validation, regulatory protocols and self-declarations, legal and credit agreements and operational setup. The platform supports 12,000+ buy sides, 200,00+ entities, and 200+ sell sides.
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