A-Lab Solutions announces new ground-breaking Reseo e-Business ID solution which enables swift execution of investment onboarding and potential cost savings of up to 40%
London, December 7, 2023:
London-based startup A-Lab Solutions has today launched its ground breaking corporate investor centric Reseo e-Business ID solution (Reseo) for the global B2B Investment Management industry.
Set to take the pain out of lengthy onboarding processes for the entire investment industry, by catapulting the process into the digital world, Reseo reduces the document verification timeline from a matter of weeks to a matter of minutes. The elimination of paperwork saves time, money, and improves account opening times with an estimated overall cost saving for the onboarding process of up to 40%.
Created by industry insiders, Co-Founders Luuk Jacobs and Pierre-Yves Rahari, Reseo is the product of their unique insight and mission to resolve a lingering industry-wide problem through innovative, state of the art technology with multiple end user benefits.
“We have created the Reseo e-Business ID for Institutional Investors that is not just for the moment of transaction, it will be continuously up to date in its information. This has the potential to save valuable time. For example, Fund Operators perform this task 30 or 40 times per year. With Reseo, they will only need to do it once. Using Reseo there will be perpetual compliance instead of at every transaction, which means companies will benefit from significantly better risk management of their client portfolio.’ Said Luuk Jacobs, Director and Co-Founder, A-Lab Solutions.
Reseo has been built from concept to testing in 18 months, with 5 companies expected to be moving into beta in 2024 and it will be rolled out to the entire industry in 2024. The cloud-based solution leverages the latest AI technologies and will initially be available for onboarding in UK, Luxembourg and Dublin-based funds.
“Reseo makes it easy for all participants in the Investment Management industry to open accounts in investment funds by acting as a ‘universal adapter’, which interoperates, with everyone. As well as removing the pain from a previously paper-based, repetitive process, we see the Reseo value creation stemming from improved and streamlined relationships between the Fund Distributor and the Fund administrator, and equally between the Fund Distributor or the Institutional Investor and the Asset Manager.” Said Pierre-Yves Rahari, Director and Co-Founder, A-Lab Solutions.
How it works
Reseo’s AI technology intelligently maintains data accuracy, security and transparency while adapting to highly complex rules. AML/KYC status is monitored via an intuitive dashboard which is accessible by all stakeholders. Reseo is client servicing centric and offers valuable risk insights.
Reseo works by seamlessly connecting with existing onboarding platforms to create an industry-wide solution. Just like a universal travel adapter the Reseo e-Business ID sits between the Investor, Asset Manager and Administrator.
Reseo brings state-of-the-art technology to the market and is tailored to each organisation. Once set up, it offers multiple benefits:
- Enables swift execution of investment transactions which can be in a matter of minutes instead of weeks
- Adapts to highly complex multiple compliance rules while intelligently maintaining data accuracy
- Gives seamless access to multiple data sources and expedites outdated processes – all in one place
- Eliminates tedious repetitious tasks – a decades old problem for the industry
- Provides high levels of security and transparency
- Creates valuable new risk insight
Reseo For Investors
Using Reseo’s e-Business ID, means all the necessary AML/KYC document management is in one place, just like a Passport. Reseo gives oversight of chosen Investing Funds, and their perpetual AML/KYC readiness for transacting. It is possible to view any other fund on Reseo and check AML/KYC compliance status as well. An easy accessible dashboard gives you a constant overview of all your funds invested with and their compliance status as well as where you need to take action to remain compliant.
Reseo For Transfer Agents
Using Reseo, Transfer Agents can view the e-Business ID of all the administered investors with up to date confirmed and verified documents. Additionally, the Transfer Agent will set-up their rules for AML/KYC aligned with their bespoke requirements and categorisations. Transfer Agents can easily monitor and get a snapshot of their Investor portfolio through the dashboard too.
Reseo For Asset Managers
Asset Managers using Reseo, will be able to monitor and get a snapshot of AML/KYC compliance of investor’s in their Separate Accounts and Funds through the dashboard. Access to the e-Business ID of investors provides the up to date, confirmed, verified and approved AML/KYC documents. The Reseo AML/KYC matrix is used to set-up rules for AML/KYC aligned with their bespoke requirements and categorisation. There is instantly access to view Asset Manager and Transfer Agents records for the respective funds and check the AML/KYC compliance status.
About A-Lab Solutions:
A-Lab Solutions is a privately owned London-based startup which is set to catapult investment management servicing into the digital universe. A-Lab Solutions is built on the shared vision, mission and values of its founders, team and advisory board. It is united by trust, with diversity of thought at its core and dedicated to sustainable innovation.
Co-founders Luuk Jacobs and Pierre-Yves Rahari have used their unique insight to solve an industry-wide problem through innovation, now brought to life with the launch of Reseo.
Reseo is a trade mark of A-Lab Solutions Limited, registered in England and Wales.
Registered office: 40 Monkton Street, London SE1 4TX.
Registered company number: 10355088
Press Enquiries:
Eva Keogan
ekeogan@reseo.global
+44 0 7790 841538
