New portfolio compliance tool comes to market

MyFiduciary has formed a strategic partnership with fintech firm JHC Systems (JHC) that will allow firms across Australia and New Zealand to access a digital risk, monitoring and analytics dashboard called JHC Neon.

This comes in the wake of an increased regulatory focus on the adequacy of portfolio monitoring and risk controls. The combination of MyFiduciary’s consultancy service and JHC’s technology means investment organisations and advice firms can access the tools and global best practice standards required to clear the increasing regulatory bar, and end-client expectations.

MyFiduciary provides investment governance training and support for a range of investment organisations. It wanted to expand its services to ensure its clients are better informed about the assets which they manage, and to enhance and automate portfolio oversight and operations. Neon was identified as an ideal and proven solution to achieve this aim. It offers dynamic 360-degree monitoring, risk analysis and automated suitability and compliance checking.

Neon is designed to transform and remove the manual processes typically underpinning these areas.