Fintech Start Up DiligenceVault Gets Due Diligence Moving to a Different Beat
A New York based data and technology start-up, DiligenceVault, has recently launched its platform which aims to streamline the process of research and due diligence of funds across traditional and alternative asset classes. A participant in a London based data and technology accelerator Winton Labs backed by Winton Capital, DiligenceVault has already attracted strategic and business partnerships from leading institutional investors, investment consultants and fund of funds.
Currently, end-investors such as pension plans, endowments and foundations, insurance companies, private investors, their consultants and advisers (“investors”) research a wide range of asset managers across investment and operational risk areas using a process which is relatively manual, bi-lateral, complex, and hence, expensive.
According to the founder, Monel Amin, “The new platform, DiligenceVault, provides a solution by allowing investors to start with standardized digital questionnaires for a wide range of asset classes, while still providing flexibility for customization.”
Her colleague and Asia Pacific Director, Hansi Mehrotra added, “Asset managers also benefit by being able to use the platform as a repository for their answers, which they can use to respond to a wide range of investors, but are always with control of who sees their information”.
- DiligenceVault facilitates not only investment research but also operational due diligence, usually conducted as separate exercises by completely different teams. The platform enhances communication between those teams with built-in workflow features.
- In addition to automating and streamlining the research process, it leverages data to help both investors and asset managers to analyze the responses, against history and peers, as well as monitor changes.
- It uses a ‘marketplace’ business model in that investors and asset managers invite each other to the platform rather than subscribe to a pre-populated database. Industry participants can sign up for a demo, and get started in trialing the platform.
To encourage easy adoption, the platform is a Software-as-a-Service (SaaS) available on enterprise grade cloud, with robust security and redundancy features, along with public APIs for data integration.
The team at DiligenceVault is a mix of seasoned investment and engineering professionals, with asset management, institutional investment and investment consulting experience at companies like Citigroup, Mercer and Daiwa Asset Management.
With a unified focus on research data spanning traditional and alternative investments and process efficiency derived from centralized housing of all due diligence data and workflow, DiligenceVault is uniquely positioned to bridge the gap between screening databases, research providers and CRM systems.
DiligenceVault is a user friendly cloud based platform that enables investors and asset managers to scale and streamline fund diligence, manage operational risks and internal control requirements, and discover decision analytics. It enables better and faster investment decisions, cost saving and operational efficiency. To test drive, visit: www.diligencevault.com or follow us @diligencevault
Seven startups will focus on enhancing efficiency and productivity.
Essentia analyses data to create behavorial “nudges” for fund managers' investment decisions.
Snowflake’s Financial Services Data Cloud helps data flow more seamlessly across industry transactions.
Artificial intelligence and machine learning, powered by cloud, are moving into mainstream use.
Exchange group aims to support new markets for digital assets, cryptocurrencies and NFTs.