NN MFMC, a distinguished fund management firm regulated by the Hellenic Capital Market Commission (HCMC), specializes in managing UCITS (Undertakings for Collective Investment in Transferable Securities) funds, encompassing Equity, Fixed-Income, and Money Market investments. The partnership with Systemic began in 2013, back when it was MetLife MFMC, marking a significant step towards implementing a robust financial risk management system. This collaboration evolved substantially in 2020 implementing Liquidity risk and Liquidity stress testing and at the end of 2022, incorporating compliance solutions for PRIIPs KID and MMFR regulations.

One of the primary challenges was aligning the software’s functionality with NN MFMC’s operational processes and diverse UCITS strategies, ensuring continuous support and regular updates to address any emerging issues and incorporate new features promptly. The integration of Systemic’s solutions resulted in fully automated procedures for portfolio risk measurement and regulatory reporting. Automation routines for PRIIPs regulation, including the maintenance of KID indicators, narratives, performance scenarios, and cost calculations, as well as KID generation, were established.

These advancements led to significant savings on daily operations, enabling NN MFMC to reallocate resources towards growth initiatives such as marketing and client acquisition. This partnership not only enhanced regulatory compliance but also reinforced NN MFMC’s commitment to delivering reliable and efficient fund management services.

Summarizing what NN MFMC has gained:

• Fully automated procedures for portfolio risk measurement and reporting to regulator.
• Automation routines for PRIIPs regulation including the KID indicators, narratives maintenance, performance scenarios and costs calculation, and KID generation.
• Savings on daily operations redirected towards growth initiatives, such as marketing and client acquisition.