Press Release: Vox Financial Partners and Future Value Consultants Partner to Launch Powerful Automation for Structured Products Documentation

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SEI + Opal: Ascend created to meet smaller ticket size, higher volumes, and faster documentation turnaround needs of structured products market

NEW YORK – July 9, 2020 – Vox Financial Partners (Vox), a global consulting firm that supports financial institutions in the planning, resourcing, and delivery of complex regulatory change, is delighted to announce a partnership with Future Value Consultants (FVC), an experienced provider of analytics and stress testing for the structured products market. Vox and FVC have partnered to create SEI + Opal: Ascend, a fixed-price service for fully automated production of structured product documentation, including PRIIPs Key Information Documents (KIDs).

Ascend combines StructuredEdgeI, FVC’s proven PRIIPs calculation platform, with Opal, Vox Financial Partners’ powerful document generation platform, to deliver a robust unified solution that automates structured products document generation, providing:

  • PRIIPs analytics and KID templates for a wide range of products and markets
  • Full calculation and simulation methodology
  • Calculation results integrated directly into the KID
  • Automatic generation of detailed, richly-styled documents
  • Branded, customizable PRIIPs KID templates
  • Automation of related documents, such as term sheets or marketing collateral

The partnership gives clients access to proven technology and specialist skills from two experienced teams. Ascend enables straight-through processing for detailed structured products documentation via one API. It integrates real-time calculations with pre-defined, customisable templates built using a Microsoft Word-based template author.

Using Ascend, structured products manufacturers are able to automate documentation with robust data validation and error handling via one simple API, accelerating new product development while controlling costs.

Terry Robinson, Chief Executive Officer of Vox, said: “Both companies have a solid track record of being extremely flexible and creative organisations that translate innovative ideas into working solutions. Nothing in the market today offers our proposition of robust analytics, a powerful document generator, full automation – all for a fixed price. We think Ascend is perfectly suited to meet the continued growth in ticket volume driven by new technology in the structured products market.”

Tim Mortimer, Managing Director at FVC, said: “Our integrated technology platform incorporates decades of expertise in the structured product market. Ascend allows clients to reduce cost, increase capacity, and improve control – so they can focus on expansion of their core business. We are delighted to add strong documentation capabilities alongside our analytics to achieve this.”

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Contacts:

Vox Financial Partners
Colin Reid, CTO Colin.reid@voxfp.com  
Media: Frank De Maria – +1 347 647 0284 Frank.demaria@purposefulcommunications.com
Future Value Consultants
Tim Mortimer, MD tim.mortimer@futurevc.co.uk

Notes to Editors

Vox Financial Partners

Vox FP is a global consulting firm that supports financial institutions in the planning, resourcing, and delivery of complex regulatory change. Vox FP combines global banking and regulatory experience, well-trained consultants, and advanced technology to help global financial institutions successfully execute major change projects.

Vox has designed and developed Opal, a modern, easy-to-use software platform that streamlines the production of complex documentation across the enterprise.

For more information, please visit www.voxfp.com

Future Value Consultants

FVC is a company specialising in structured products analytics, valuations and reporting.

One of its flagship solutions is its structured product stress testing and PRIIPs calculation service which has had many active banking and distributor clients since 2015. This service allows a wide range of structured products of different asset classes and payoffs to be stress tested under different assumptions and scenarios. The same engine also performs PRIIPs calculations in accordance with the Regulatory Technical Standards to generate risk, performance and cost calculations.

For more information, please visit www.futurevc.co.uk

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