ume

ume (‘you-me’) has been designed to respond to the asset management industry demands for an effective automated framework for the due diligence of fund distributors.

• Management companies (ManCos) are performing due diligence on their fund distributors using their own questionnaire (DDQ)
• This process is still very manual and consume a lot of ressources
• ManCos have a partial view of their distributors (iceberg view)
• ManCos on the same time have difficulties to find new distributors

• Streamline due diligence exercise via an mutualized and standardized DDQ
• Use of data analytics
• Access to overall population of participating distributors (Trip Advisor like solution)

Unique technology + team experience and knowledge of the fund industry

Management companies distributing funds on a cross-border basis (mainly located in Luxembourg and Ireland).Estimated costs dedicated on due diligence of fund distributors: EUR 250 million

Relevant Links

ume, know your fund distributors, kyd and due diligence