Fortia Innova

Innova is a modular solution designed for the financial sector. It enables the creation and automation of end to end business processes for custodian banks, asset managers or funds administrators. This artificial intelligence powered solution supports companies with full automation of investment compliance controls with semantic analysis and automatic detection of investment rules. It also automates and simplifies trustee & fiduciary processes.

The solution is focused on the fund’s industry needs, allowing custodians, fund and asset managers to stay compliant using evolutive technologies. Fortia addresses the most specific investment compliance needs to be related to funds across multiple jurisdictions. The platform automates investment compliance controls for funds. The vendor states their approach of investment funds compliance and the ability to automate each of the required controls using Artificial Intelligence are a key success factor to meet statutory and regulatory requirements, reduce risks of errors and costs.

• Automatic detection of rules from a financial document
• Generation of ratios from detected rules
• Implementation of rules automatically and/or manually
• Audit and Automation of breach analysis
• 4-eyes controls check
• Flexible Workflow engine
• Reporting capabilities and dynamic dashboards
• ETL and Data Quality Checks

And Innova's processes automated for trustee & fiduciary purposes:

• Cash monitoring
• Cash reconciliation
• Timely Settlement
• Funds Lifecycle
• Asset Certification
• NAV Review
• Safekeeping controls and legal documentation

The Innova solution includes the following modules:

• Data Management - This module allows users to build and modify databases and insert new Data automatically from a wide variety of different sources thanks to its ETL (Extract-Transform-Load).
• Referencital Management - Enables companies to manage all their internal referencial.
• Document Management System - With this module, companies can centralize all their documents related to finance activity and ensure their versioning.
• Genius - It is the module from which fund companies can set up their compliance controls, model the entities to be monitored such as investment funds, but also build and follow up the control plans of these entities and the incidents related to them.
• Reporting - Allows creation of dynamic reports.
• Business Process Management - The Business process management module enables creation and planning of end-to-end processes by integrating all the operations created from other modules.
• Fund Life Cycle - It allows planning and managing actions to be taken as part of the evolution of the life cycle of the entities companies wish to monitor.