CAIS, a fintech agency, has launched its new software program as a service platform, CAIS Options, which it stated Tuesday “makes use of the ability of CAIS expertise to centralize and streamline various funding funds, regardless of the place advisors or residence workplace representatives supply funds.”
The SaaS platform, formally unveiled final week on the 2023 CAIS Various Funding Summit in Los Angeles, follows CAIS’ September announcement that 12 various asset managers launched or expanded wealth-centric methods on the CAIS platform.
CAIS, based in 2009, operates an alternate funding platform that now helps over 32,000 unbiased monetary advisors who oversee greater than $4 trillion in community property, it stated. Since its creation, CAIS has facilitated greater than $25 billion in transaction quantity.
“CAIS Options will cut back the operational burden of executing and managing various investments by leveraging CAIS’ pre-trade, commerce, and post-trade expertise,” stated Matt Brown, CAIS founder and CEO.
Amongst its options, CAIS Options centralizes various funding funds onto one platform, offering a unified and scalable end-to-end resolution, it stated. That features funds purchased straight from managers, funds sourced from different platforms and all legacy fund positions, it added.
CAIS Options provides two expertise merchandise that can be utilized collectively or individually: CAIS Commerce, which it stated “streamlines the choice funding subscription course of,” and CAIS Publish-Commerce, which it stated “scales the operational administration of a agency’s knowledge and doc necessities.”
Yearly, SCS Monetary, a Focus Monetary Companion agency, sometimes has about 1,000 transactions it should course of, in line with Marcelo Vedovatto, chief working officer of SCS.