Key Takeaways:
- Next Gate Tech is revolutionizing the fund industry technology with its cloud-based FinTech solutions
- The Luxembourg-based start-up eliminates the need for multiple point solutions and legacy databases
- It offers consolidated and independent data sources from various unharmonized and unstructured sources
- With automated NAV Oversight, Risk Oversight, and ESG oversight, Next Gate Tech reduces risk and drives efficiency
- Cloud-based FinTech is predicted to be the future of fund industry technology
Introduction
With the exponential rise of financial technology (FinTech), businesses and financial institutions are looking for tools that enhance efficiency and reduce risks. One relatively new player in the FinTech sector, Next Gate Tech, based in Luxembourg, is shaping the future of the fund industry technology through its innovative, cloud-based solutions.
Next Gate Tech’s technology leverages cloud benefits. It consolidates data from various unharmonized and unstructured sources into one, enhancing its integrity and reliability, and subsequently, streamline business processes. In the financial realm, where accuracy and timeliness of information are key, a transformative solution like Next Gate Tech’s cloud-based approach plays a significant role.
Analyzing Next Gate Tech
What separates Next Gate Tech from the rest in the competitive FinTech environment is its advanced data consolidation. It generates a single, consistent data source from multiple, disparate inputs. This eliminates the need for multiple point solutions and legacy databases, thus reducing technical and manual costs. Moreover, it empowers firms to manage their governance and controls independently and consistently.
Next Gate Tech is not just about streamlined data. It’s also about analytics and oversight. The company offers automated Net Asset Value (NAV) Oversight, Risk Oversight, and Environmental, Social, and Governance (ESG) oversight. These tools provide an overarching view of the chosen aspects, driving efficiency and reducing risk, aspects critical to financial and investment firms.
Conclusion
Looking at Next Gate Tech’s unique offering, one can’t help but determine that cloud-based FinTech is indeed the future of streamlined fund industry tech. The unification and simplification of processes coupled with increased oversight gives companies better control over their operations, decreasing risk and essentially, increasing value.
With Next Gate Tech leading the charge, the evolution towards cloud-based FinTech will likely continue to accelerate. It will be interesting to watch how this industry trend unfolds. For more about Next Gate Tech and their innovative solutions, visit their website or connect with them on LinkedIn.
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