The reengineered Private Capital Suite is a cloud-native, SaaS solution, officials say.
Financial technology systems and solutions provider FIS has reengineered its Private Capital Suite as a cloud-native, software-as-a-service (SaaS) solution, and integrated the suite into FIS’s recently launched Investor Services Suite, officials say.
The integration has enabled the Private Capital Suite to serve “the full private equity lifecycle, covering investor onboarding, new portfolio monitoring, portfolio analytics, fund and partnership accounting, reporting, and front-to-back data management,” officials say. “The solution also provides multijurisdictional compliance capabilities, allowing FIS to better service modern private equity firms and asset managers that are becoming increasingly multiasset and global in the search for extra investment returns.”
“The growth in private equity has brought complexities that include more intricate fund structures, multijurisdictional compliance, and higher investor expectations for transparency and digital access,” says Matt Stauffer, head of back office solutions at FIS, in a prepared statement.
“With other recent announcements like the launch of FIS’ Optimized Reconciliation Service, Investor Services Suite, and Neural Treasury, the launch of a reengineered Private Capital Suite reflects how FIS continues to help modernize capital markets so the world can maximize the performance of every dollar at work,” according to the announcement.
The re-tooled Private Capital Suite is intended to supercharge “its anti-money laundering, know your customer (KYC), and investor onboarding capabilities, and presents a unique ability to support multijurisdictional compliance capabilities for today’s increasingly complex private equity strategies,” officials add.
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