In 1998, DTCC’s 互惠基金服务 launched its Mutual Fund Profile Service II- Profile Security (MFPS II), 招股说明书数据库, operational processing rules and distribution data for mutual funds securities. 当时, no one could have predicted that it would evolve into a sophisticated, 多维vns6060威尼斯城官网库7个以上.500万个数据点.
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25年前, there was no centralized repository for this data to be stored and easily viewed, nor was there standardization or structure for such data to be shared,约瑟芬·托雷利说, DTCC执行董事. “回顾Profile服务的进步, it is truly remarkable how risks have been mitigated through the efficiencies developed with this service.”
建立行业标准
在DTCC引入该服务之前, the mutual funds landscape faced significant challenges within its investor community network. Firms were required to manually research information about mutual funds to identify suitability requirements – a necessary yet time-consuming exercise.
“There was no standardized format or structure for this information, 这可能导致销售负荷费用不一致, 如意向书(LOI)及累积权(ROA), 潜在投资者可能会错失良机,莎伦·威尔纳说, DTCCvnsr威尼斯城官网登入管理总监.
In 2003, 一个联合行业工作组, chaired by the National Association of Securities Dealers (NASD), determined DTCC’s Profile Security could be expanded to solve the challenge for storing and delivering breakpoint data, fees, 以及其他操作数据点.
“It turned out that we had already built the almost-perfect platform to solve this problem,威尔纳说。. “We were able to expand the capabilities of Profile Security to provide the industry with a standardized, streamlined way to retrieve information for broker/dealers and other distribution firms.”
采用创新科技
Advances in cognitive technology and data mining dramatically changed the landscape and triggered further system upgrades in 2012 that automated the extraction of data from prospectuses and other documents filed with the SEC’s EDGAR system. Clients reaped tremendous benefits when the business automated the data sourcing and as the speed, 数据技术的准确性和容量不断提高, the business began exploring additional efficiency gains for the next stage of enhancements.
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DTCC has steadily been harnessing advanced technology to further support the mutual fund industry, thus reducing the burdens of data management and elevating the quality of data for clients. Additional notable upgrades include the extensive use of Text Analytics and Natural Language Rules as well as Inline eXtensible Business Reporting Language (iXBRL) links contained within filed documents, all of which maximize the efficiency and integrity of sourced and extracted data. Utilizing the millions of data points in Profile Security to automate the completion and delivery of these reports is helping save clients time and reducing manual data-entry errors.
“We continue to adopt innovative technologies and these enhancements represent a huge leap forward for our clients in terms of simplifying and accelerating extraction of the overwhelming volume of data from mutual fund prospectuses and other regulatory documents.DTCCvnsr威尼斯城官网登入管理高级助理Peter Reist说.
四分之一个世纪的进步
With the help of the ICI’s Profile Steering committee and other industry partners, 配置文件安全继续得到越来越多的采用, doubling the number of Fund clients over the last two years alone. There are currently more than 500 asset managers and intermediaries combined utilizing the service, 覆盖超过29个,000个安全问题id, 与over7.存储库中的500万个数据点.
在Profile Security成立25周年之际, DTCC reflects on the many groundbreaking advancements Profile Security has brought to the industry, 包括:
- automation of sourced data from prospectuses and other filed documents;
- systemic generation of specification reports populated from existing data;
- the opportunity to periodically review and acknowledge Not-in-Document (NID) datapoints - operational data points not typically found in regulatory documents, 从而对数据灌输更大的信心;
- 客户端提取关键数据点进行比较的能力, review, and process changes or correct data entry discrepancies and reduce risk caused by manual input.
“We congratulate DTCC’s Profile Security service on a quarter century of progress and positive impact for the Mutual Fund industry,杰夫·内勒说, ICI的工业运营主管. “This service has been valuable to ICI’s mission of supporting the asset management industry, and we look forward to working with DTCC in advancing efficient and secure delivery of investment information to benefit the long-term individual investor.”
展望未来
Future planned developments to the Profile Security Service are anticipated to include an expansion of product types, continued integration with MF Info Xchange and exploration of improved data delivery options. 另外, users will realize a reduction in manual entry when intermediaries request the creation of new fund launch reports and annual reviews through specification reports.
“The mutual fund landscape has evolved significantly in the past 25 years, and I am very proud of how DTCC has contributed to this growth while reducing risk and expanding capabilities through modernization,托雷利说. “We are looking forward to exploring additional opportunities with our clients for enhancements to our service offerings.”