Banking on Digitization to Reshape the Entire Investment Business

The proverbial human knowhow has always been expansive beyond all limits, and yet we still don’t know how to do anything better than pursuing on a consistent basis. This progressive approach, on our part, has already got the world to hit upon some huge milestones, with technology appearing as a major member of the stated group. The reason why technology enjoys such an esteemed stature among people is, by and large, predicated upon its skill-set, which ushered us towards a reality that nobody could have ever imagined otherwise. Nevertheless, if we look up close for a second, it will become clear how the whole runner was also very much inspired from the way we applied those skills across a real world environment. The latter component was, in fact, what gave the creation a spectrum-wide presence, and consequentially, kickstarted a tech revolution. Of course, this revolution then went on to scale up the human experience through some outright unique avenues, but even after achieving such a monumental feat, technology will somehow continue to produce the right goods. The same has grown increasingly evident over the recent past, and assuming one new fintech-themed development shakes out just like we envision, it will only make that trend bigger and better moving forward.

Passthrough, a leader in fund workflow automation for investors, fund managers, and other fintechs, has officially partnered with STP Investment Services, a leading technology-enabled services company, to scale up investor onboarding experience and bolster operational efficiencies for the latter’s clients. Under the agreed terms, STP clients’ subscription documents will be implemented directly on the Passthrough platform. This development, in particular, should let potential investors review materials, complete subscription documents in a digital setting, execute agreements electronically, and submit them for acceptance. Once all subscription documents are approved, the relevant data will then be transferred into STP’s core processing engines, thus prompting a faster, and more importantly, a client-focused onboarding experience. Now, while that itself sound likes a major leap for the current state of this space, both the companies have a plan in place to achieve something much bigger. Talk about they’ll realize the same on a more actionable note, the idea is to fully integrate Passthrough into STP’s proprietary fintech platform and basically deliver a value proposition that supports the entire investor lifecycle, right from prospecting and fundraising to data management and investor reporting. Not just that, the integration in question will also put-forth the prospect of straight-through processing. Such a feature is expected to enhance the platform’s efficiency levels, as well as contribute towards greater transparency across the board.

“We think investor onboarding should be solved at the infrastructure level, which means we don’t need to be another destination for fund managers and investors to constantly check,” says Tim Flannery, Co-founder & CEO of Passthrough. “By connecting with our infrastructure, STP’s clients have a single place to monitor their raise, provide their investors a simplified investor onboarding experience with software instead of pen & paper, and close their funds weeks or months faster.”

As for what made Passthrough an ideal partner, the answer resides in the company’s ability to make the subscription document process turnkey for investors with replicable and verifiable identity information built-in for future use. However, this is not where Passthrough’s knowhow ends, considering the company also hands you the access to a comprehensive KYC & AML product that streamlines collecting information from investors and screening them against sanctions lists so to keep fund managers compliant at all times.

Moving on to STP Investment Services, it is notably an award-winning technology-enabled services company best known for providing  front, middle, and back-office solutions to investment managers, funds, family offices, wealth managers, and plan sponsors. The company’s excellence when it comes to conceiving a comprehensive range of services and SaaS offerings can be validated by the fact that it is currently serving clients who represent more than $400 billion in assets serviced.

“Our high-level business goals include providing a differentiated, unified platform experience to complement the premium operations services we offer our investment and wealth manager clients,” said Dan Houlihan, Chief Executive Officer of STP Investment Services. “We aim to increase our team’s operational efficiencies and improve the client and investor experience through technology and value-added digitalization. Passthrough’s solution perfectly aligns with this goal.”