everyoneINVESTED has obtained an ISAE 3402 Type I certification for its sustainability module from Deloitte, as MiFID II’s update launches.
As part of the regulatory update, asset managers will need to include sustainability factors, risks and preferences into suitability assessments.
To help firms meet the new requirements, everyoneINVESTED released a sustainability module for its Profiler solution.
The ISAE 3402 Type I certification means the module has been suitably designed to ensure the sustainability preferences of clients and prospects are collected in accordance with the applicable legislation and the associated draft supervisory guidance of the European Securities and Markets Authority (ESMA).
everyoneINVESTED concept manager Laurent Lamblin said, “To meet today’s deadline, many financial institutions have taken shortcuts.
“They will redirect clients from a digital environment to branches, helpdesks, or worse, resort to sorry-we-can’t-service-you-flows. These shortcuts will result in suboptimal and unhappy flows, both from the clients’ and banks’ perspectives. We are now ready to put sustainability preferences at the core of their digital ESG investments strategy.â€
everyoneINVESTED offers expertise, experience and technology to assist other banks in boosting net sales in investment through distribution channels.
Lamblin recently spoke to FinTech Global about how the ESG MiFID II update could impact investing. Read the article here.
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