As of today, client’s sustainable preferences must be included in the MiFID suitability process. To help you comply with this new requirement, the KBC Group wealth-tech everyoneinvested has developed a new sustainability module for its Profiler solution.
everyoneinvested is pleased to announce that it has obtained an ISAE 3402* Type I certification for this module from Deloitte, an independent external party.
The ISAE 3402 Type I certification entails that the sustainability module has been suitably designed to ensure that the sustainability preferences of clients and prospects are collected in accordance with the applicable legislation and the associated draft supervisory guidance of the European Securities and Markets Authority (ESMA).
“This certification shows that we master, as of day one of the application of the new regulation, the sustainability preferences requirements and can help financial institutions ensure the proper and performing sustainability profiling of their clients,” says Gosia Fortuna, solutions manager.
Boost ESG investment strategy
“To meet today’s deadline, many financial institutions have taken shortcuts,” argues Laurent Lamblin, concept manager. “They will redirect clients from a digital environment to branches, helpdesks, or worse, resort to sorry-we-can’t-service-you-flows. These shortcuts will result in suboptimal and unhappy flows, both from the clients’ and banks’ perspectives. We are now ready to put sustainability preferences at the core of their digital ESG investments strategy.”
Jurgen Vandenbroucke, the managing director, adds that for everyoneinvested, this certification is a critical differentiator to show that we are a committed partner for financial institutions outsourcing their investor profiling operations. The certification is a badge of honor that we wear with pride.
everyoneinvested continues to monitor and adapt its solutions to any future regulatory changes that become applicable after August 2nd.
ISAE 3402 (International Standard on Assurance Engagements 3402) is an international standard published by the IAASB (International Auditing and Assurance Standards Board), applicable from June 2011, involving the commitment of the certified entity’s management.
everyoneINVESTED is the wealth tech spin-off of KBC Group and the former innovation team of KBC Asset Management. The team has built up a great deal of knowledge and experience about enriching the investment process with insights from behavioral economics and building successful digital investment processes that meet regulatory requirements. everyoneINVESTED offers expertise, experience, and technology to assist other banks in boosting net sales in investment through digital distribution channels. everyoneinvested has recently been included in the reputable WealthTech100 list of the world’s most innovative companies for a second consecutive year.
Eager to learn more?
Watch our webinar on the topic. Gosia Fortuna provides practical insights about implementing the new ESG MiFID II requirements into your processes.