Anova to boost investment managers’ data transparency
DST Global Solutions today announced the availability of Anova in Australia and New Zealand. The Anova platform provides advanced investment data aggregation and visualisation reports with an emphasis on performance, risk and regulatory reporting to help informed decision making and reduce complexity and cost for investment managers.
Financial Services firms information is often fragmented across geographies, asset classes and lines of business, making consolidation and delivery of information difficult and expensive. This may be the result of either market consolidation or „'est of breed' buying decisions - both can lead to use of multiple systems that may overlap or duplicate, resulting in inefficiencies and higher cost of ownership.
DST Global Solutions has developed Anova to address the issue of fragmentation through a platform that can support uninterrupted, 24x7 global operations and integrate multiple investment administration, analytical and market data sources seamlessly. Anova accepts data from any source to provide tailored analytical and investment reports.
Philip Hogan, Managing Director - Asia Pacific for DST Global Solutions said: 'The Australian investment industry is now making the tackling of the data management challenge a priority as demands for transparency and more frequent reporting increase. Our research and development has focused on creating a faster, systematic path to information that enables investment firms to consolidate information from multiple systems into a single set of aggregated and consolidated data.
'Anova provides a global platform to help investment managers meet the scrutiny of due diligence and service demands as well as respond more effectively to demands for detailed information. Anova is designed to reduce compliance costs, improve delivery and reinforce clients? confidence in the manager's governance procedures.'
DST Global Solutions is also pleased to announce that the first Anova client in Australia has successfully gone live using the platform. A medium-sized Sydney-based investment manager is using Anova for improved control of its portfolios' investment performance and attribution measurement. Previously this capability was outsourced to another provider.
While Anova is new to Australia, it is already used by several DST Global Solutions clients including one of the world's largest global fund management companies which manages over $1 trillion in assets. It has four operational centres running on the Anova platform, fed from regional investment accounting engines, so the demands on the system are round-the-clock. Anova has helped this company to surpass service level agreements while providing enhanced analysis and transparency to its clients.
Anova offers full support to the investment management process by providing integration and consolidation capabilities around market and reference data; asset and risk analytics; and investment position, transaction, tax lot and valuation data. Anova also has advanced processing engines that generate middle office analytics, including performance measurement, equity analytics, fixed income analytics, risk management, Global Investment Performance Standards (GIPS) and post trade and regulatory compliance. Anova's powerful and contemporary graphical user interface, designed to offer the ability to create and access „role-based dashboards', allows the more effective management of assets by aggregating and harnessing the analysis from multiple sources.
DST Global Solutions is a leading provider of technology and services for the investment management industry, with more than 40 clients in Australia and New Zealand. The company is the investment accounting market leader in Australia and its clients include some of the world's largest asset managers and custodians. DST Global Solutions has more than 20 years of experience in the Australian market.
