Luxembourg-based financial data company FE fundinfo has expanded its regulatory reporting capabilities by acquiring Utrecht-based Matterhorn Reporting Services, a specialist in alternative investment fund managers directive (AIFMD) software and managed services. on Wednesday 6 November 2024, this acquisition aims to help asset managers and service providers meet increasingly complex regulatory requirements while reducing operational burdens and costs.
Matterhorn Reporting Services, with a decade of experience in software as a service (Saas)-based reporting solutions, has established a role in the fund industry. The company’s template simplifies the creation of AIFMD reports, addressing ongoing industry challenges. Its service streamlines complex calculations and improves operations by providing error feedback and interpreting regulator responses. According to the company, clients have reported up to a 50% reduction in reporting times with Matterhorn’s solutions.
The acquisition will allow FE fundinfo to integrate Matterhorn’s tools into its broader platform, providing asset managers with access to a comprehensive suite of regulatory reporting solutions. This will not only streamline AIFMD reporting but also offer solutions beyond the undertakings for collective investment in transferable securities (Ucits) framework, noted FE fundinfo.
Liam Healy, CEO of FE fundinfo, emphasised the importance of enhancing operational efficiency and increasing value for clients. “Integrating Matterhorn’s innovative offerings is the latest step in continuing to be the go-to partner for the investment management community in regulatory reporting,” Healy said in a press release. “Our clients, and the industry, require holistic, end-to-end reporting solutions that meet the evolving demands of the industry and help firms adapt to growing regulatory complexity. We look forward to helping them continue to meet this challenge.”
Jeroen Cremer, CEO of Matterhorn, added, “At Matterhorn, we have always been committed to empowering asset managers with tools that simplify and improve regulatory reporting processes. By integrating our AIFMD reporting expertise with FE fundinfo’s comprehensive platform, we are confident we can help asset managers navigate the increasingly intricate regulatory landscape with confidence and ease.”