| Does Fundix compete with DST's TA2000? Bravura Solutions Rufus? |
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No. TA/2000 is an established, mainframe based TA solution focused on the high volume retail mutual funds industry. DST, BFDS and other large TA outsource companies have extremely large staffs to support the retail customer business, and to keep the mainframe running. This also means that the cost of providing TA using TA2000 is extremely high, and only works for large sized retail funds. The Rufus platform was designed specifcally for the needs of high volume retail funds in Europe. Instead of competing with high volume retail fund platforms, Capnetix is focused on the specific needs of institutional investment funds. These types of funds typically have a lower volume of transactions, with each transaction representing a larger dollar amount. These types of funds typically require more customization for fee structures, pricing approaches, operational cycles, and reporting. Platforms like TA/2000 and Rufus can not cost effectively conform to these types of specializations. Because the margins for this type of business are much lower, the underlying platform costs need to be lower as well. Fundix is uniquely designed to meet the needs of the institutional investor, the investment managers that work for them, and the custodians and asset servicing groups that service them. TA/2000 and Rufus were also designed and built before the Internet became the primary means for doing business. Fundix was designed from the ground up for web native deployment, allowing simple, secure, and direct electronic access to data for end investors, investment managers, custodians, and asset servicing companies. |