Domos Financial Services & Cascade Lab Announce Strategic Partnership To Enhance AIFM and Central Administration Client Experience
Luxembourg 19.03.2024 – Domos FS, the FundTech specialised in Alternative Investment funds management is thrilled to announce a strategic partnership with Cascade Lab, an award-winning AML/KYC platform recognised for its excellence with users in 25 jurisdictions worldwide.
Domos FS, designed to streamline processes, operations, and reporting for AIFMs and their service providers, has successfully served over 45 clients globally since its market introduction in 2015. The solution, supported by a dedicated team of more than 40 professionals as of March 2024, leverages the latest technologies to cut costs, enhance control, ensure security, and ensure compliance with regulations.
Key Highlights of the Partnership:
Combined Expertise: the Cascade platform, renowned for its excellence, will collaborate with Domos FS to provide AIFM, Fund Administrators and Depositary clients with an integrated and complete solution for performing Anti-Money Laundering (AML) checks, controls and monitoring, through individual Risk Based Approach covering all business relations including Know Your Customer (KYC), Know Your Transactions (KYT), Know Your Assets (KYA) and Counterparties
Single-Source-of-Truth: Domos FS aims to become the single-source-of-truth for AIFMs and their service providers, storing both investor and asset data. The partnership with Cascade Lab reinforces this commitment, offering clients a seamless interface for managing data efficiently.
Real-Time Screening and Risk Assessment: The partnership facilitates all AML related needs from the collection of data, day-to-day screening of investors and assets, real-time Risk Assessment, periodic reviews, and remediation processes within the single interconnected environment.
Arnaud Vinciguerra, CEO of Domos Financial Services: “Our partnership with Cascade marks a significant milestone in our commitment to providing innovative solutions for AIFMs and their Service Providers. Together, we aim to empower our clients with a comprehensive platform that ensures efficiency, compliance, and enhanced control over their operations.”
Maciej Waloszyk, Managing Partner of Cascade Lab: “Cascade is excited to join forces with Domos FS to offer an integrated solution that meets the evolving needs of AIFMs. Cascade is on the way to become a market standard in the fund industry in particular. Our platform’s AML and Compliance features combined with Domos FS’s industry-leading expertise, will undoubtedly elevate the client experience.”
This collaboration underscores the shared commitment of Domos FS and Cascade Lab to drive innovation and efficiency in the financial services industry, providing AIFMs and their service providers with a cutting-edge solution to navigate the complexities of their responsibilities.
About Domos FS:
Domos FS is a FundTech specialised in the management of alternative funds investing in non-listed assets ie. private equity, real estate, infrastructure, debt and fund-of-funds. Its suite of applications, called Domos, helps supporting fundraising and investor relations, automates processes and operations, structures data and simplifies fund reporting. The modular SaaS solution covers the entire Alternative Investment Funds management value chain, from investor onboarding to compliance, portfolio monitoring, risk management, fund accounting and data analysis. Headquartered in London with offices in Paris and Luxembourg, Domos FS already serves 45 customers in Europe: GPs, AIFMs (third-party and in-house), Fund Administrators and Depositaries. For more information, please visit: www.domosfs.com
About Cascade Lab:
Recognised for its excellence, Cascade is an award winning platform used in 25 jurisdictions worldwide. A complete platform centralising client data and ensuring full regulatory protection through embedded Risk Based Approach. Cascade applies an integrated approach on the lifecycle of a client, from onboarding to ongoing monitoring. More on Cascade: www.cascade.lu
