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www.milessoft.comwww.funds-axis.com
August 2011
MONEYWARE FUNDWARETM
Comprehensive Investment Compliance Monitoring Solution
www.milessoft.comwww.funds-axis.com
• Supports multiple currencies and asset classes
• Portfolio modeling with multi level hierarchies
and classifications
• Flexible reporting
• Comprehensive Audit Trail
• Integrated Rules Libraries – UCITS, NURS, QIS,
QMMF, PAIFs, FAIFs
• Regulatory & Mandate compliance
monitoring
• Robust compliance and risk management
• Efficient handling of regulatory restrictions
• Improved Transparency
• Supports Conventional , Islamic, Private
Equity, Hedge and UCITS IV funds
MoneyWare FundWare is a sophisticated, flexible technology solution that seamlessly integrates and automates the asset management lifecycle
Business BenefitsKey Features
Overview
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System Overview
Holdings Files
Files from Custodians, Fund Accountants
Rules Libraries
(UCITS, NURS, QIS, Short selling etc)
Compliance Reports
FundWare
Rules Engine
ExchangeCounterpartiesCountriesOthers
Master Configuration
Funds Setup
12
4
5
6
Security Data
Bloomberg, Reuters & Third Party Providers
3
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Masters Configuration
Asset classes supportedFund Master
• All Fund data• Manager, Umbrella, Scheme, Domicile, Type etc• Each funds eligible market list and GAPS > 35%
list
Security Master
• All Security reference data• UCITS Eligibility data• E.g. Funds –
• open / closed • is UCITS?• 10% in other funds etc?
Issuer Master
• Issuer, Parent Issuer & Ultimate Parent• Issuer domicile• Issuer credit ratings• Issuer sector
Derivatives Master
• Underlying• UCITS Eligibility• Tick size, tick value, contract months etc
Counterparty Masters
• Credit Rating• Approved UCITS OTC Counterparty – 5%, 10%• Approved deposit taker
Index Masters
• Index – UCITS eligibility, diversification etc• Components, including weightings
Exchange Master
• UCITS Eligible Market• Central Counterparty etc
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Securities Data
Published list of all required data fields
Bring in data from multiple data sources
Flexibly add new data attributes, optional master data mapping etc
Data scrubbing / validation controls
Custom designed data quality query reports
Easy securities data maintenance plus audit trail.
Telekurs (Optional)
Integrated data feed from Telekurs also available. (Securities, Issuer, Credit Ratings & Sectors)
UCITS Asset Eligibility Check + de-composition report
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Holdings & Transactions
Transactions and / or Holdings
Published list of holdings attributes required
o Including for different derivative types
Multiple import files capability
o Fund accounting, custody, stock lending, collateral, trades
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Rules
Comprehensive Rules Wizard
Easy coding – e.g. for look through of derivatives
“Warning” limits
Range of pre-defined rule libraries also available
o Regulatory Rules
o Common Mandate Results
o Data Quality Rules
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Rules Libraries
UCITS investment compliance monitoring
All UCITS Rules
Derivatives global exposure & counterparty risk
Master / Feeder
Liquidity Risk Monitoring
UCITS Internal Risk Limits System
Fully documented by Funds-Axis, including:
o Rules, fund attributes, data attributes, exposure calculations, defaults
To also include: NURS, QMMF, QIS etc
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Rules Libraries
Global Regulatory Disclosures
Supports comprehensive monitoring capabilities for global regulatory investment disclosures for
over 50 countries
Includes compliance for
o European Union Transparency Directive limits,
o Reporting for U.S. Section 13D, 13G and 13F
o Global short selling rules
o Takeover disclosure rules such as UK Takeover Rule 8, foreign investment limits and sensitive
sector rules
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Reporting
Flexible range of reports available
Report wizard for business users to build reports ad-hoc
Save templates for “favorites”
Covers whole system, including Audit reports
Report scheduler available
HTML Reports can be integrated into clients web portal
Integrate with Business Objects, Crystal, Dashboards etc.
Published API
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Technology
Integrated with Active Directory Services
SWIFT & FIX Protocol compliant Trade Order Management System
Application Framework : Microsoft .NET 4.0 Application
Application Server : Windows 2008 Server Standard / Enterprise
Database Server : Microsoft SQL Server 2008
Technology Partnerships
Gold Certified Microsoft Partner (Independent Software Vendor)
SAP Business Object Partner
MoneyWare FundWare is a robust and highly scalable web browser-based solution. No client / PC installation required.
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Delivery Options
Implementation Options - Installed, Hosted (Platform-as a Service – PaaS)
o Miles’ Hosting environment or Client’s selected hosting environment
Technology solution or Managed Service Solution (PaaS +)
oData management, rules management, breach management etc
Easy integration with clients web architecture.
Published API
Data sources – client data or integrated data feed
www.milessoft.comwww.funds-axis.com
Delivery Options
Implementation Options - Installed, Hosted (Platform-as a Service – PaaS)
Miles’ Hosting environment or Client’s selected hosting environment
Technology solution or Managed Service Solution (PaaS +)
Data management, rules management, breach management etc
Easy integration with clients web architecture.
Published API
Data sources – client data or integrated data feed
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Miles Overview
Founded in 1999 by professionals from finance and technology space.
Over 250 customers across leading financial institutions in India, Asia Pacific, Middle East & Europe.
Diverse clientele includes private banks, asset management companies, brokerage firms, wealth
advisors, financial institutions and family offices.
Established market presence in Indian asset and wealth management space (8 out 10 PMS license
holders and 6 out of 10 WMS installations are our customers).
Suite of products include solutions for Wealth and Portfolio management, Leveraged portfolio
management, Custody and Fund management.
Zephyr Peacock & Lighthouse Funds together hold 30% of current shareholding.
Microsoft Gold Certified Partner as an Independent Software Vendor (ISV).
Delivering Technological Excellence in Asset and Wealth Management
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Milestones
Founded Milessoft with MW Retail and entry in PMS space
Foundation
•Moved to Enterprise space
•International Installations• Launched WMS Suite
Consolidation
•Development of new products – SBL, Custody, Fundware
•Expanded client base to 250+
Expansion
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•Insightful Thought leadership in financial services industry
•In-depth understanding of asset and wealth management
Rich Domain Expertise
•Robust functionality and modular scalable architecture
•Seamless integration with multiple business applications
Scalable and Integrated Solutions
•Ease of adoption of new business processes
•Ability to support multi-scale operations
Improved Flexibility and Innovation
•Ability to productize emerging business requirements
•Prompt service and ongoing support for business continuity
Customer First
•Fast time to market of new offerings
•Lower operational risks & costs
Maximized ROI
•Adherence to industry standards and ethical work practices
•Well defined project management & implementation process
Quality Processes
Miles DNA – Building Value through Excellence
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Miles Product Suite
MoneyWare is the flagship product suite comprising comprehensive and integrated wealth and asset management solutions to accelerate business performance
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Global Installations
UAE
HONG KONGOMAN
SINGAPORE
CANADA
MAURITIUS
INDIA
UNITED KINGDOM
USA
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Clientele: Domestic Installations
Partial List *
India's second-largest bank with total assets of Rs. 4,062.34 billion (US$ 91 billion)
Third largest private sector bank in India
Joint venture between DSP & Blackrock and a leading global fund house
Leading global wealth manager, and UK's largest, with total client assets of £169.5bn
World's largest financial services network, spanning 140 countries with approximately 16,000 offices worldwide
One of the leading wealth management, capital markets and advisory companies in India
Headquartered in New York City, the company reports over US$779 billion as assets under its management
An American multinational bulge bracket investment banking and securities firm
Serves over 85 million private, corporate and institutional clients in over 40 countries
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Clientele: International Installations
Partial List *
(Muscat )With assets worth over RO 1.5 billion, Bank Dhofar is one of the fastest growing banks in the Sultanate of Oman
(Dubai) Leading Swiss private bank based in Basel, Switzerland.
(London) One of India's leading banking and financial services groups, offering wide range of financial services
(Mauritius) CIM provides a comprehensive range of asset management solutions
(Portland) A leading global wealth advisory firm that delivers independent investment management solutions to wealthy families and individuals
(Singapore) UTI AMC, largest retail asset management company in India, has more than 10 million investor accounts worldwide
(Singapore) With a market share of 21 percent, Deutsche Bank is the largest foreign exchange dealer in the world
(Singapore) Private equity firm with over $2.6 billion aggregate annual revenue and $460 million in transactions and growth capital
(Singapore) Specializes in Investment Advisory & Asset Management for institutional & private investors
(Toronto) Specializes in the implementation of client-centric wealth management solutions across all major sectors of the financial service industry
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Steve Canter Managing Director for Zephyr Management, L.P. Chairman and CEO of Dreyfus Corporation and Vice Chairman of Mellon Financial
Corporation for 35 yrs. Global CEO for companies such as Kleinwort Benson, Hutchins Institutional Investments
and Chase Investors Management
Mukul Gulati Managing Director for Zephyr Peacock India Fund Held several leadership positions with leading financial information firms including Multex,
Reuters, Market Guide (pioneer in the area of financial publishing on the internet.)
Mukund Krishnaswami Managing Partner for Lighthouse Funds Associated with companies like Mckinsey, Lehman, SAI Investments, Mon Cheri Bridals
and RCG Management.
Board of Directors
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Deepak Ghaisas Former Vice Chairman of i-flex Solutions Ltd. (now Oracle Financial Services Ltd) and
one of the founding members of i-flex Solutions Ltd Expertise spans across business management and management accounting; techno-
legal-commercial areas of information technology, risk management, corporate governance, legal affairs, and contract negotiations
Recipient of the CFO Asia Award in 2001, the first ever Indian to win the award
NRK Raman Former MD & CEO, Oracle Financial Services Software Ltd. Prior role was as Chief Operating Officer responsible for development strategy, global
delivery of products and services divisions and managed all aspects of operations, including human resource development, process and quality management
Served as one of the key leaders in directing technology strategies and goals for strategic business units in the company.
Advisory Board
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Bhaskar Iyer Chief Delivery Officer Over 30 years of rich experience in the BFSI domain spanning across Product Management,
Solution Architecting, Delivery and Program Management and Customer Support Management
Has been associated with Infrasoft Technologies in the past for 12 years
Management Team
Milan Ganatra Founder and CEO First Generation Entrepreneur with over two decades of hands-on experience in the
financial services space Deep domain knowledge on wealth management and experience in technology
Sandeep Presswala Executive Director Over two decades of business experience in capital markets in wealth management,
brokerage, corporate banking, NBFCs With the IL&FS group for over 12 years and as part of core team successfully set up and
built a 14 bn value business that was sold to HSBC
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Management Team
Pradeep Paliwal Chief Technology Officer Technology professional with more 17 years of experience in technology project
management & product development Has been associated with Accenture and Polaris in the past
Dhawal Kamath Products - Investment Management Wide experience in Software planning and development, system analysis and system
design Pivotal role in adoption and incorporation of new technologies to the product suite
Hemanshu Siria Development Operations - Investment Management Heads the development operations for all investment management solutions Passionate about technology and is involved in researching and creating the learning
architecture for the organization
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Management Team
Sandeep Lalwani Business Development 20 years of rich experience in leading marketing and strategic growth initiatives of
software solutions organizations in Asia Pacific and Europe Has worked with Wells Fargo, H&R Block, Standard Chartered Bank, Deutsche Bank,
Bankers Trust, and Citicorp
Ashish Bajaj Products - Custody & Fund Management Over 14 years of experience across in IT Exploration & Application Development,
Program & Product Management. Previously CEO at Infoton System & Services Pvt Ltd.
Akash Anand International Business Post Graduate in Business Administration with over 15 years of experience with various
leadership roles in Private Banking, Asset Management, Life Insurance and Business Management
Was previously associated with TATA Asset Management overlooking their international business division
Rakesh Sakaria Chief Financial Officer Has over 13 years of experience across diverse industries. Has worked with large Corporations such as Essar Group, McDonalds, Tata Group
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Why Miles – Vendor Reliability
Contracts to abide to laws of United Kingdom
Escrow Account in UK for Source Code Safety
UK Presence – Local partnership with Funds Axis Ltd.
Comprehensive documentation of all the UCITS rules.
Guaranteed Results through Proof of Concept
System Documentation / User Manuals / Publish API’s
Reduced time, cost and risk of implementation
Trusted by 250 customers globally
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About Funds-Axis
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Overview
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Regulatory expertise
Documented Rules Libraries
Expertise supporting global implementations
End-user perspective
Domain Expertise
Why Funds-Axis
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MoneyWare FundWare Roadmap
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FundWare Roadmap
Completion of UCITS Law Cards functionality
Publish New Rules Library
Enhance Multiple Data Feeds configuration
Real-time Integration Automation
Configurable Report Scheduler
Database Migration to Oracle
Platform As A Service PLUS (PAAS +) - Monitoring Services
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Miles Software Solutions Pvt. Ltd.B - 801, Trade World, Kamala Mills, Lower Parel (W),Mumbai - 13 T: +91-22-66518400
Miles Software (ME) FZELevel 9, Monarch Office Towers, 1, Sheikh Zayed Road , Dubai, UAE T: +971 (4) 5096649
Contact Us
Funds-Axis Limited31 Southampton Row,London, WC1B 5HJT: +44 (0)800 783 67 91