Alpha FMC Launch New Data Solutions boosting Digital Consultancy Offering

By CIOReview | Wednesday, January 3, 2018
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Alpha FMC Asset is a consultancy of wealth management and they have just crossed a milestone of success by launching a new Data Solutions division to bolster its digital consultancy offering. They have created his division responding to the growing demand from clients for consulting advice and data services. This service will immensely help to increase asset managers’ capability. The asset managers will be able to manage data more strategically in order to reduce operational and compliance risks.

Driven by cost pressure, the data solution market is growing rapidly along with client insight requirements and regulatory pressures. Alignment of data has also become one of the big games in town. Improper and messy data management can make operations complex and volatile. These diverse data is mostly provided by third parties and therefore it becomes much difficult and expensive for clients to pull together a complete picture of who has invested in its funds and who exerts influence over those investment decisions. This is where data solution divisions play a crucial role and keeping this in mind Alpha FMC has come up with their new platform.

They have also acquired Track Two, a specialist data solutions and consulting company based in Frankfurt. Track Two already works exclusively with asset managers in different countries like UK, Germany and France. They provide consulting and data services to standardize and enhance fund transactions data. Thus, Alpha Data Solutions is architected in a way so that it can include Track Two’s data services offering, 360 SalesVista. This enterprise data management service helps asset managers to match transactions and holdings data back to the client. Product masters also get benefitted as it enables processes in sales, compliance, finance, and product management.