Digital Transformation will be the single greatest factor that is going to impact DDP’s for FPI
services, and the need today is for DDP’s to automate the complete process of FPI registration,
request for modification, FPI communication and manage the overall processes for FPI’s
The solution will generate various reports for regulatory, compliance, internal and external (client’s)
stakeholders
It reduces the risk, lowers the transaction costs and enhances the transparency for the custodians
It automates the complete workflows to increase the efficiencies of conventional processes,
eliminating the complete human interventions while mitigating the challenges for ever changing
scenarios of the regulators
Key features
The functionality of the application is to completely automate the process of lead creation for FPI
registration with the details captured from CAF and store all the supporting documents, check and
verify if the country of FPI follows the compliance mentioned by our regulators
Profiling of FPI’s basis their category and risk with predefined logic
Conduct the due diligence and create various checklist for users with an option to maintain the
records such as SEBI fee, SWIFT details etc
A complete repository of FPI details
Enabled with automated trigger / alert system for incomplete information or deviations, advance
notice for renewal or periodic re-KYC of FPI’s till the due date
Post registration, automated communication to FPI’s for any changes in the material information
System to capture and maintain the process of closure of accounts
System to trigger advance notice for conditional registration till the date of validity
