Independent Validation and Verification

Until today, the fund and banking industry is the least automated industry worldwide. But importance of IT, business process automation or algorithmic trading is growing rapidly, while regulators are involved to calculate risk or effectiveness of mission-critical software applications such as hedge fund clones or algorithmic trading. As regulations are always lagging behind, regulators also do not maintain the skills for technical due diligence of their applicants.

We understand the restrictions within regulators in technically evaluating applicants, particularly if the proposed solution and technologies are new or emerging. We support regulators with their needs of understanding feasibility and effectiveness of a solution operated by the applicant.

Premium Technical Due Diligences – We help regulators evaluating risk for investors based on technology and applications with a confidential report with recommendations on the technical capabilities of an applicant. Our technical due diligence allows regulators to critically evaluate fund-related applications with technological focus, avoid costly mistakes, loss of reputation and have an informed vantage point.

Independent Validation and Verification – Beyond technical due diligences and with the support of applicants we include IV&V of their mission-critical fund software. Our IV&V performs an independent validation of the target software application. By controlled statistical tests and processes, we validate the accuracy of an application’s promises.

The Benefits of IV&V

Benefits include:

• Regulator gains confidence in application used by applicant.
• Access to technological skills and expertise.
• Reduced evaluation costs for regulator.
• Adherence to standards.