Fast and legally compliant solution for MiFID II Directive

The EU-wide directive MiFID II came into force on January 3, 2018, and called on banks and asset managers to make their processes more transparent. To this end, customers should be informed comprehensively about the risks of the investment product before investing.

For a large German investment company, Onivation designed a MiFID II-compliant solution based on Salesforce, which was used to categorize all customers and investment products into risk classes. For each investment, the classes of client and investment product were examined and compared in real time. As a result, customers automatically receive information about the risks of their investment.

The fast and efficient Salesforce solution from Onivation saved the investment company an expensive and proprietary solution including long development and implementation time.