During its participation in the F10 incubator program, Vestr advanced its solution, focused on providing issuers of Actively Managed Certificates (AMCs) with the first independent software engine to digitize the value chain of active investment products. The platform empowers issuers to scale their AMC business, allowing them to focus on their core competencies. Discretionary investment managers use AMCs as a fast, flexible and cost-efficient alternative to investment funding.
The accelerator program also brought together Vestr with the Swiss Bank Julius Baer. Following the success of their initial collaboration, the two are now extending their partnership as Vest expands into Singapore. Vestr will collaborate with the Singapore entity of Bank Julius Baer in this POC, which kicked of in August 2021 and is expected to conclude in the second half of 2022.
The POC will focus on assessing the feasibility of digitising the end-to-end value chain of AMCs for the Singapore entity of Bank Julius Baer, addressing the potential regulatory and legal concerns, as well as validating the extent of market demands for AMCs in Singapore and Asia.
“The partnership with vestr to offer digital services around active management in Singapore aims to improve transparency, flexibility and time-to-market. we believe that this innovative platform will accelerate our services and AMC activities, making it more efficient and intuitive.” Rajesh Manwani, Head of Markets and Wealth Management Solutions, Asia Pacific, Bank Julius Baer, commented.
vestr Pte Ltd, the Singapore branch of vestr AG, was awarded the Monetary Authority of Singapore’s (MAS) Financial Sector Technology and Innovation (FSTI) Proof-of-Concept (POC) grant. The FSTI POC grant provides funding support for experimentation, development and dissemination of nascent innovative technologies in the financial services sector.
(Press release/RAN)
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