Extensive implementation work to incorporate the MiFID II Directive in FINAMIS software solutions is well on its way
On January 3rd, 2018, the MiFID II European Directive will enter into effect and all players in the investment services industry must prepare for the change of the rules. In FINAMIS, the work on system support for the requirements of the Directive is progressing in accordance with an impact study prepared by a renowned consulting company in the Czech Republic.
On the basis of the results of the study, the AMS Web© software application will strengthen its position as an online tool for satisfying compliance requirements. The application will feature two new modules. The first will facilitate new client acquisition and support consultants in the financial advisory process. The second module will display transparent breakdowns of individual fees connected to purchase and/or sale of investment products. FINAMIS can provide system support for MiFID II to all entities affected by the Directive.
Apart from the new modules and functionalities, FINAMIS is also updating and modernizing the look and feel of the application. For AMS Web© this means generational upgrade of appearance. The visuals were drafted in cooperation with an external digital agency, while FINAMIS team of analysts and software specialists are working on adapting the logic and presentation of data. The modifications are currently being finalized to enter the testing phase.