What motivated the creation of UPSIDEO in 2011?
UPSIDEO was founded in 2011 by a team of seasoned professionals eager to meet their customers' needs and requirements with technologically sound and innovative solutions.
Capitalizing on over 20 years' experience in the distribution of financial products, UPSIDEO specializes in digital solutions for players in the financial sector. The company enables banks, insurers, management companies, brokers, wealth management advisors and family offices to advise and distribute their products and services in a 100% digitalized way.
Thanks to constant innovation, notably with the integration of Artificial Intelligence, UPSIDEO offers functionalities that precisely meet its customers' needs.
The company also offers the flexibility to implement a complete or partial platform according to the specific requirements of each customer.
Can you tell us about the founding team and their expertise in the financial sector?
The UPSIDEO founding team is made up of four people: Axel Rason, Pascal Viéville, Franck Fourrière and Alexandre Peschet. Their collaboration began over 20 years ago when they joined forces to create several distribution platforms for financial and insurance products aimed at wealth managers. Their latest structure, FINAVEO, was sold to a financial consortium in 2019.
Throughout this period, the management team has leveraged its expertise to digitalize business and compliance processes related to the distribution of financial products.
These skills and experience today enable them to offer innovative digital solutions to their customers ausein UPSIDEO.
Why has digitalization become so crucial for players in the financial sector, and how is Upsideo responding to this need?
Digitization has become crucial for players in the financial sector due to the increasingly large and complex data flows to be managed. By adopting digital solutions, financial institutions can optimize their business and compliance processes, increasing productivity while reducing human error. Technologies such as artificial intelligence enable data to be processed in real time, offering valuable insights for rapid, informed decision-making. What's more, digitization enhances operational security and data protection, meeting stringent regulatory requirements.
UPSIDEO responds to this need by offering innovative solutions that automate compliance and risk management processes. This enables financial companies to focus on their core business while ensuring rigorous compliance. By improving operational efficiency and offering an enhanced user experience, UPSIDEO helps financial institutions retain customer loyalty and remain competitive in a constantly evolving market.
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How does Upsideo combine its customers' business knowledge with technological innovation to support them in their projects?
UPSIDEO combines business knowledge with technological innovation to support its customers in their digitalization projects. By integrating the expertise of its teams, the company develops digital solutions tailored to the compliance requirements and business processes of its customers, through two offerings :
1. JULIETTE©: A 100% digital underwriting path
2. FLOW© : Automated management of contracts with distributors and/or retrocessions
What are the main features of JULIETTE© and how does this solution contribute to the digitization of financial product underwriting and management processes?
JULIETTE© is a 100% digital underwriting path with level 1 and 2 compliance checks.
It covers the entire course in BtoBtoC mode: prospect discovery, subscription to various investment products, arbitrages and reporting of positions and movements.
The key stages of the business and regulatory pathway are:
- Relationship entry (DER, information gathering, LCB/FT, engagement letters and suitability reports)
- Subscription (SCPI, insurance contracts, etc.)
- After-sales operations
- Portals (data consolidation)
JULIETTE© uses Artificial Intelligence to improve productivity and data management, while respecting data protection.
JULIETTE© offers automated control services for sanction lists, PEPs and adverse media, with optical document recognition.
JULIETTE© is connected to product suppliers and software publishers for automated data transfer and a seamless underwriting journey.
How does FLOW© differ from "Juliette©", and how does it contribute to the contractual and financial relationship with partners?
FLOW© automates the management of contracts with distributors and/or suppliers, as well as the management of incoming and outgoing retrocessions
FLOW© CONTRAT integrates information relating to distributors (financial advisors/brokers) and/or suppliers (management companies) and prepares contracts and amendments for electronic signature.
FLOW© RETROCESSIONS digitizes incoming and outgoing retrocession flows.
- Functionalities (IN) enable the recovery of retrocessions on UCI outstandings based on agreements set up with promoters. FLOW© generates pre-invoices and invoices in the client's name to asset managers for retrocessions on unit-linked funds on quarterly outstandings.
- FLOW© allows the generation of pre-invoices and invoices in the client's name to asset managers for retrocessions on unit-linked funds on quarterly outstandings.
- OUT functionalities manage retrocessions to distributors. FLOW© can be used to edit and send invoices, within the framework of an invoicing mandate, or by sending invoice proposals, with distributors then responsible for sending their final invoices.
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What future projects or developments is UPSIDEO currently working on to continue to meet the changing needs of its customers in the financial sector?
Innovation is at the heart of UPSIDEO's DNA, guiding its efforts to meet customers' needs and requirements for business and regulatory process improvement. Project and technical teams are currently working on integrating responsible Artificial Intelligence into several aspects of JULIETTE©, including the editing of personalized insurance contract justification in the DDA pathway. Other initiatives concern asset strategy, sustainability and the management of inconsistency alerts ; with responsible AI in the customer's interest.
Parallel to this, the teams are also focusing on improving the process of consolidating financial data from external institutions such as account keepers, insurers and asset management companies.
This post was translated from the original French.