Investia, the UK-based STP technology provider best known as the original partner of JP Morgan in the FundsHub venture, today introduced Version 2.3 of its Investia Javelin™ product. The latest version adapts the UK-compliant version with the rules-based processing specific to the language, branding and regulatory environment of Germany. The first customer, needless to say, is JP Morgan FundsHub.
“Investia provides a response to the competitive market’s need for high standards of customer service at sustainable costs,” says the company. “The Investia Javelin™ answer is a powerful and comprehensive fund distribution and processing system, linking the retail investor on the front-end interface with the fund manager and custodian in the back-office.”
“Germany is the number one European market for investment funds today and in the future,” adds Ron Lay, Chief Technology Officer of Investia. “With Version 2.3 we can now equip German banks, insurance companies, registered investment advisors and fund companies with a complete fund supermarket system, which complies with the local market regulations and tax reporting requirements.”
Javelin™ Version 2.3 aims to provide financial services companies with a portable suite of investment fund decision-making and customer support tools. The tools are designed to simplify processing and provide real-time information at the click of a mouse button. The tool set includes a fund research and asset allocation engine, on-line account registration, on-line trading, and consolidated portfolio management. With an added offline capability, advisors are able to provide an unprecedented level of service and availability to their clients, whether or not they are Internet connected.
In addition to German market-specific features, Investia Javelin™ Version 2.3 provides flexible account opening rules, additional account management facilities for trading, buying, selling, swapping, minimum monetary value or threshold, and advanced customer hierarchy management. Security and information integrity has been enhanced, including support for Transaction Authorisation Numbers, and configurable password authentication criteria.
“Our first customer for this system is JPMorgan FundsHub for their outsourced fund supermarket offering,” says Mr. Lay. “We anticipate that our leading edge technology will also appeal to a range of other financial services firms who are seeking both to expand into open architecture fund distribution as well as to substantially drive down trading and operating costs for both domestic German and offshore funds.”