SIX Group AG
SIX operates the infrastructure for the financial centres in Switzerland and Spain. It provides services for a broad international clientele in the areas of securities business, the preparation of financial information and banking services.
Challenge
- With the PRIIPs regulation that came into force in 2018, a new market for regulatory documents was established, which SIX wanted to enter in cooperation with ARIVA. The large number of manufacturers of financial products faced the challenge of delivering their regulatory documents to the requesting sales offices via a channel that was as standardized as possible
Solution with ARIVA
- In cooperation with ARIVA, the DocHub was implemented as a fully automated platform that connects manufacturers of financial products with sales offices. It ensures that key information documents (KIDs) and other regulatory documents in e-banking and in the core banking systems of financial institutions are digitally available, up-to-date and correct
The DocHub is one of the most comprehensive document platforms available on the financial market. It covers 6.5 million financial instruments with more than 30 million documents from over 950 manufacturers.
More than 100 Swiss banks that use the Finnova Banking Software can now access the documents via DocHub. They need this in order to comply with the provisions of the FIDLEG, the Swiss counterpart to the EU investor protection regulations PRIIPs and MiFID II. Banks with access to DocHub therefore have the advantage that they can meet the requirements of current and future regulations on investor protection with a single platform able to fulfill.
