Project Main Details
Online Video [YouTube only] for a financial software company. The software is designed to help banks calculate, clear costs for investors on their investments. EU legislation is due to change in 2018, meaning all banks must present completely transparent costs to customers.
We require a custom recording to present to our client before we give the green light for the full recording.
It's no secret that the financial crisis of 2008 uncovered, amongst other things, a fair amount of misconduct. Cost transparency was almost non-existent, meaning investors were incurring hidden costs on financial products.
Fortunately the EU has stepped in with MiFID II, a new directive for regulating the financial markets.
So from 2018, financial institutions must by law declare all costs of their services and financial instruments.
The question is, how can institutions calculate and assess costs within the framework of bank-specific fee models and agreements in a simple and efficient way?
SDS has developed a flexible software solution which calculates and documents cost information considering individual conditions.
m:Cost has been designed as a highly flexible framework which allows for the individual configuration of fee models on an investor-specific basis.
So how does the customer benefit?
Well, let's take the case of Bob, a relatively inexperienced investor. He goes to his financial advisor Katy to explore his options:
Katy presents him with a variety of financial products as well as a risk-return profile.
Her advisory tool automatically inputs all his data into m:Cost for future use and immediately calculates all his costs, including service costs for:
- initial purchase
- an investment‘s lifetime
- terminating an investment.
- and the financial instrument itself.
The software also provides a way to compare offers, allowing Bob to explore his options with other banks.
As with all other institutions, compliance is assured so he can have peace of mind; relying on accurate, fair information to make the right decision.
Thanks to m:Cost, Katy can give Bob better, more reliable and realistic investment advice.
Now imagine for a moment that Katy could also be a robo-advisor who automatically interacts with m:Cost just the way a human financial advisor would do.
In order for financial institutions to successfully work within the confines of this regulation, they require a process and application environment which minimises additional costs for customer service inflicted by MiFID II.
m:Cost is a solution customised for this task, offering the necessary flexibility and at the same time fulfilling all requirements related to price information and cost transparency.
To find out more visit our website 2016-12-02 19:12:12 GMT 2016-12-06 17:00:00 (GMT 0) Greenwich Mean Time: Dublin, Edinburgh, Lisbon, London Yes (click here to learn more about ) Closed 13 13 0 direct invitation(s) have been sent by the voice seeker resulting in 0 audition(s) and/or proposal(s) so far. Voice123 SmartCast is seeking 30 auditions and/or proposals for this project (approx.) Invitations sent by SmartCast have resulted in 13 audition(s) and/or proposal(s) so far.
• Audio files must be delivered via FTP/Dropbox/Google Drive/cloud
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