MoneyMate Rebrands Fund ProductMaster Platform as Accudelta and Extends Capabilities

Blog entry

MoneyMate Group has rebranded its Fund ProductMaster managed data service to Accudelta, creating a separate business line for the service that will sit alongside the group’s utility for secure data sharing, Silverfinch, and its market data vendor, Longboat Analytics. The rebrand coincides with improvements to the data distribution platform, including the addition of support for regulatory reporting and a revised pricing model to lower the cost of entry.

The Accudelta platform allows asset managers to aggregate and validate fund data in a central store to support distribution and regulatory reporting. It also provides a workflow and framework for data governance and stewardship. Among the initial regulations supported by the platform are Solvency II and VAG and GroMiKV, German regulations with similar requirements to Solvency II. Going forward, Accudelta plans to build out reporting formats required for compliance with other regulations. The revised pricing model replaces licenses for each module of the platform with access to all the modules and pricing based on the number of data sources provided by Accudelta.

Conor Smyth, Accudelta managing director, says: “We have rebranded the platform to better reflect the increasing need for both accuracy and efficiency in data reporting, and to mark the enhanced customer experience. Asset managers want to take a strategic approach to distribution and regulatory reporting, which they can do using Accudelta’s central data store.”

The release of the Accudelta managed data service allows existing and new customers to access the platform’s regulatory reporting services, and offers everything from a technical helpdesk to fully outsourced data stewardship. With asset management customers across Europe and the US, Smyth says customers signing up to use the service in Europe often have a regulatory focus, while conversations in the US are more likely to be about data distribution, quality and governance.