The deployment of Agilis at Sidra Capital lays down a strong technology platform that enables Sidra Capital to pursue the omnibus business model in relation to the advisory provided to family offices for both Wealth Creation and Wealth Preservation. It also fulfills Investment Banking, Corporate Finance as well as Family Office needs of both corporates and entrepreneurs.
Sidra Capital seeks to offer a hassle-free alternative to investors to tap capital markets. Agilis has also empowered Sidra Capital to ensure exemplary service levels and security to its clients, whilst enabling it to meet the stringent compliance and audit requirements of DFSA.
"We recognise the need to build a vibrant capital market that will support small to medium business in the MENA region with Investment Banking, Corporate Finance as well as Family Office solutions of both corporate and entrepreneurs. Our structure seeks to offer a hassle-free alternative for investors to tap capital markets." said, Ajay Arora, CEO Sidra Capital (DIFC) Limited.
"Understanding client centric financial requirements, strengthening their growth and providing scalability options are some of the primary services we provide our clients. The 360 degree experience we have of the capital markets provides our clients with a strong path for wealth accumulation, wealth transfer and wealth preservation." added Arora.
With its operating model, Sidra Capital is able to take away the cumbersome processes that investors would face otherwise, by offering a single bank account, a single custodian while Agilis IMS takes care of accurately segregating and maintaining the clients' accounts and clients' assets. This enables Sidra Capital to focus on its core goal of providing advisory services to revitalize the capital markets, the SME segments as well as entrepreneurs who can do with more advice and less obstacles.
Sidra Capital conducted a thorough due diligence on a dozen leading software solutions in the investment technology space, using stringent evaluation criteria across front, mid and back-office functions including the ability for the software to manage investments across various asset classes including equities, money markets, debt, derivatives and structured instruments.
Sidra Capital chose Agile FT's Agilis Investment Management Suite for what Arora calls its "Double S" edge of Service & Security. "It was a perfect match as Service and Security are of paramount importance to Sidra Capital and we need to ensure the highest levels for our customers and regulators. We found that Agile FT stood by the same values in its organization and its software solutions."
The entire implementation was done in just six weeks owing to the clarity in objectives of the Sidra Capital Core Team together with the robustness and flexibility of the Agilis IMS system. Moreover the complete deployment process was carried out remotely by Agile FT's strong Development Centre in India.
"We had a smooth and seamless implementation without feeling the need to even physically meet the deployment team as the superior use of web based technology enabled us to complete the entire process online," says Ajay Arora.
Kalpesh Desai, CEO, Agile FT adds, "Sidra Capital's leadership team is extremely focused and were clear on what they wanted to accomplish from both a go-to-market and from a regulatory compliance process. The implementation process which was completed in record time is an example of exemplary teamwork across both enterprises."
Agilis IMS has automated the entire end-to-end operations in Sidra Capital, from, client onboarding, KYC, wealth management, security controls, compliance, and reporting to accounting.
"We are happy that Agilis IMS has been able to deliver value to Sidra Capital given that they had a very high benchmark for risk management and wanted to implement a pioneering Omnibus model. The customer core team was very particular about its exact workflow, processes and controls and we were able to map Agilis IMS to the exact specification owing to its flexible platform, strong architecture and straight through processing across Front-Mid-Back Office," states Shefali Khera, chief marketing Officer & Business Head at Agile FT.
"Agilis IMS has been truly able to map our unique value proposition of the desired model. We can give real time and instant reports to clients any time they want, and we are always ready for an audit by the regulators as everything is automated, recorded and controlled. We don't even need a separate accounting system as Agilis gives us all our financial reports as well. One solution gives us the complete analysis that our enterprise needs through Dashboards and MIS. Overall we are happy that we made the right investment in Agilis technology and are in a position to provide outstanding service and security to our clients at all times," says Ajay Arora.
