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Web Financial Group and cleversoft complete service integration for the provision of regulatory documents in accordance with the Financial Service­performance­law (FIDLEG)

MUNICH / ZURICH, January 20, 2021 - In order to strengthen its services, the Web Financial Group (WebFG) has opted for a strategic product partnership with the market-leading RegTech provider cleversoft. The new partnership aims to strengthen the services offered by WebFG and to enable customers to meet the pre-trade and post-trade obligations for the provision of all necessary information and regulatory documents within the framework of the FIDLEG.

In the first stage, the docRepository™ - a cleversoft SaaS application for retrieving and distributing regulatory documents in any language - is integrated into WebFG's Digital Framework (SaaS) to serve joint customers within existing business relationships and with a minimum of implementation effort. This seamlessly integrates the docRepository™ to deliver the required document types for all asset classes, such as structured products, funds, and exchange-traded derivatives (ETDs), for any securities transaction.

Reliable yet flexible procurement and provision of regulatory documents is critical for financial services companies, which is why the docRepository™ service application is modular. All mandatory documents of the product manufacturers for the securities consultancy as well as for "execution only" transactions can be accessed dynamically and in accordance with the FIDLEG, the European PRIIP Regulation, the BRITISH PRIIP Regulation, the UCITS Directive and the information sheets in accordance with.dem German Securities Trading Act.

"With this strategic partnership, we are pleased to expand our regulatory digital offering with established RegTech solutions from cleversoft," says Reto Gualeni, Sales Director Switzerland, Germany and Austria at Web Financial Group. "With this integration, the Web Financial Group is responding not only to the regulatory requirements of the Financial Services Act (FIDLEG), but also to the industry's demands for the progressive digitization of processes and workflows. By integrating this modern platform, we can not only provide our common customers with convenience in providing regulatory documents, but also minimize the effort required to set up and operate the solution and improve workflow."

Torsten Lange, responsible for partner management at cleversoft, explains the reasons for the long-term partnership with a strategic background: "The seamless integration of our services into WebFG solutions is the next logical step for us. We are gaining an established and well-known solution provider as a partner, which we now also supply with our turnkey RegTech services. The entire financial industry increasingly wants to offer digital services for dedicated customer segments and, of course, also to expand its investment business in a regulatory-compliant manner. The collaboration creates security and flexibility to complement WebFG's service offering with the Digital Framework for the end-to-end processing of regulatory requirements."

About Web Financial Group

The future of the financial industry is digital, real-time and fully networked. Born out of innovation, Web Financial Group enables the financial services industry to take advantage of digital transformation, recognize the true power of digital transformation, and stay ahead of competition.

WebFG entwickelt maßgeschneiderte digitale Lösungen, durch Nutzung ausgefeilter Datenanalysen, modernster Technologie und branchenführender Expertise, die in über 20 Jahren gesammelt wurde. Unser Fokus und unser Einfallsreichtum sorgen dafür, dass wir einen echten Geschäftsvorteil für Finanzinstitute, HNW-Investoren und Medienpartner auf der ganzen Welt liefern.

Das Unternehmen hat derzeit Niederlassungen in Spanien (Madrid), Großbritannien (London), den USA (Chicago), der Schweiz (Zürich und Biel), Frankreich (Paris), Schweden (Stockholm) und Deutschland (Frankfurt).

Kontakt

Reto Gualeni, Web Financial Group Schweiz AG
Telefon: +41 32 321 32 50
E-Mail: Reto.Gualeni@webfg.com

Über cleversoft

cleversoft ist ein führender RegTech-Anbieter für cloudbasierte Lösungen für die Finanzindustrie und bietet regulatorische Lösungen für PRIIP, MiFID II, FIDLEG, AMLD, Solvency II und IFRS 17.

cleversoft's digitale Lösungen ermöglichen die Automatisierung von Geschäftsprozessen - einschließlich der Erstellung und Verteilung von regulatorischen Dokumenten, Berichten, Marketingmaterialien, Berechnungen und Provisionszahlungen.

Gegründet im Jahr 2004, unterstützen wir über 300 Finanzdienstleister weltweit aus unseren Büros in Amsterdam, Den Haag, München, Frankfurt am Main, Nürnberg, Luxemburg und Sofia.

Kontakt

Jörg Barenhoff, cleversoft GmbH
Telefon: +49 69 / 348 729 51
E-Mail: Joerg.Barenhoff@clever-soft.com