Fundsmith deploys INDATA’s OMS to further grow its AUM: $30 billion

Rick Steves

The OMS only needs a web-browser to operate and covers critical areas such as trading, portfolio management, pre and post trade-compliance and performance/attribution reporting.

Fundsmith has gone live with INDATA’s Architect AI OMS and Portfolio Management solution as it aims to deliver “superior investment performance at a reasonable cost”.

The buy-side firm founded by Terry Smith manages more than $30 Billion in AUM on behalf of some of the world’s largest and most sophisticated wealth managers and private banks as well as for prominent families, charities, endowments, and individuals across its fund strategies.

INDATA’s Architect AI requires no in-house IT infrastructure and leverages AI tools to perform complex workflows rapidly, also providing Data Warehouse and BI (Business Intelligence) reporting for data interrogation and visualizations/reports.

The OMS only needs a web-browser to operate and covers critical areas such as trading, portfolio management, pre and post trade-compliance and performance/attribution reporting using AI and machine learning.

It leverages natural language as well as voice capabilities to perform complex workflows rapidly, which allows portfolio managers to work more efficiently, effectively reducing the number of steps in a given process and minimizing the reliance on complex software coupled with external spreadsheets that dominate many of today’s front office workflows.

The system also utilizes machine learning as well as deep learning to tailor and optimize the portfolio management process for the individual needs of each firm and their unique investment strategies.

Tom Armstrong, Head of Product Control for Fundsmith, said: “With INDATA, we are able to efficiently manage our portfolio management, compliance, dealing, and reporting workflows for our different fund strategies. The system is easy to use and INDATA’s SaaS (software-as-a-service) approach includes ongoing updates so that we can benefit from our specific enhancement requests as well as new functionality”.

David Csiki, President of INDATA, added: “We are very pleased to welcome Fundsmith to our growing list of blue-chip clients. Architect AI offers a fully modern SaaS-based solution that is streamlined in terms of operation, yet comprehensive in terms of functionality. Our born-in-cloud approach provides for continuous improvement and allows our clients to operate efficiently, remotely, and securely on a global basis.”

iPM was designed to increase end user productivity, enhance the investment process and offers real-time risk, compliance and performance monitoring as well as integrated tools for marketing.

Implementation of iPM Epic has shown to significantly improve business agility and decrease operational risk & administrative overhead while providing investment managers with greater transparency and a competitive advantage for targeting and managing new and existing business.

The AI-powered OMS was launched in April 2018.

Read this next

Retail FX

Banxso announces 8.7% interest rate on deposits in South Africa

“With Banxso, they can enjoy the benefits of both worlds – earning competitive interest and having the freedom to trade, all within the same platform.”

Industry News

FINRA to publish transaction details in U.S. Treasury securities

“Consistent with our longstanding practice, FINRA is introducing greater transparency in a calibrated and careful manner, benefiting liquidity and resilience in this critical market while also mitigating potential information leakage concerns.”

Institutional FX

OpenYield launches “cheap and easy” fixed income trading for brokers

“We’re on a mission to make bonds cheap and easy to trade, and are excited about the opportunity to build generational capital markets infrastructure.”

Digital Assets

Sumsub and Mercuryo publish a guide for VASPs: “Mastering Travel Rule Compliance”

“At Sumsub, we’ve concentrated our efforts on filling the gap in understanding the complexity of Travel Rule regulation and helping organizations find the best solution to stay safe and compliant while minimizing costs and avoiding potential risks of non-compliance. This guide we created with Mercuryo, our trusted partner, is the ultimate navigation tool all VASPs can consult.”

Digital Assets

Bitget Wallet Leads with Record Swap Volume & New Crypto Innovations

This week, Bitget Wallet achieved a milestone by surpassing Metamask with a record 388,757 Swap order transactions, securing the global lead. The significant 7-day trading volume, almost 68,000 more than its rival, underscores its liquidity and user trust. This robust activity signals Bitget Wallet’s prominent role and reliability in the dynamic crypto market.

Digital Assets

Embarking on a Digital Currency Journey

Imagine you’ve stumbled upon a treasure map, leading you to untold riches hidden in the vastness of the internet. Instead of gold coins and jewel-encrusted goblets, this treasure comes in the form of digital currencies, the modern-day loot coveted by many.

Reviews

Traders Union Experts Share The Trading Analyst Review For 2024

Navigating options trading in rapidly shifting markets poses a considerable challenge. This is where options trading alert services become invaluable. They aid traders in keeping abreast of evolving opportunities and market trends. In this assessment, Traders Union experts scrutinize The Trading Analyst alert service to ascertain its efficacy. 

Digital Assets

BlockDAG’s Presale Achieves $9.9M: Aiming For A 5000-Fold ROI As Cardano’s Price Rises And Fantom Launches Sonic

Explore Cardano’s surge, Sonic’s efficiency, and why BlockDAG’s growth makes it the top crypto choice. A deep dive into the future of blockchain investments.

Digital Assets

US, UK probe $20 billion Tether transfers tied to Russian exchange.

U.S. and UK authorities are investigating the movement of $20 billion in the USD-pegged stablecoin tether (USDT) through Moscow-based exchange Garantex.

<