DocHub is a fully automated platform that connects product manufacturers with distributors to ensure Key Information Documents (KIDs) and other regulatory documents are available digitally, are up-to-date and correct, in clients' e-banking and core banking systems. It is one of the largest document platforms available in the financial market, covering 6.5 million instruments through over 30 million documents from more than 950 manufacturers.

Via DocHub, over 100 Swiss banks utilising Finnova’s core banking software will now be able to get access to documentation they need to remain compliant with FinSA, the Swiss regulatory counterpart of PRIIPs and MiFID II Investor Protection. Banks with access to DocHub will have a competitive advantage, meeting the requirements of recent and future investor protection regulations with one platform.

The expansion of this partnership follows a longstanding working relationship between SIX and Finnova, with both entities signing a partnership agreement to formalise the integration of the DocHub platform and further support their clients’ needs. 

Dr. Ralf Rühling, Senior Product Manager, Financial Information, SIX, highlighted: “With regulatory pressure on Swiss banks constantly growing, the need for better access to correct and up-to-date key investor protection documents has never been greater. We are delighted to offer DocHub to a larger number of Swiss banks through our long-time partner Finnova. With our DocHub platform connected to Finnova, Swiss banks will have access to a deep pool of up-to-date documents that will be fully integrated and automated into their client advisory systems. This will be crucial in cutting down on their administrative burden to remain compliant, allowing them to focus on their core business.”

Dejan Pilav, Product Manager Compliance, Finnova, added: “We are proud to build upon our existing partnership with SIX by providing our core banking software clients with access to DocHub. This innovative documentation platform will allow clients to take steps towards being compliant faster and easier. An important factor for our clients is that there is no additional set-up required on their side, allowing them to make full use of the benefits of DocHub while avoiding any additional risk or administrative costs.”  

Further information about DocHub is available here.


About SIX
SIX operates and develops infrastructure services in the Securities & Exchanges, Banking Services and Financial Information business units with the aim of raising efficiency, quality and innovative capacity across the entire value chain of the Swiss financial center. The company is owned by its users (122 banks). With a workforce of some 2,600 employees and a presence in 20 countries, it generated operating income of CHF 1.13 billion and Group net profit of CHF 120.5 million in 2019.
www.six-group.com

About Finnova
Since 1974, Finnova has stood for innovative banking solutions – in development, in operation and in advisory. With the Finnova Banking Software, the Finnova Community can reap the benefits of a high-performance and reliable banking platform, which can be used end-to-end for various business models thanks to its wide range of functions, resulting in an attractive total cost of ownership. The Finnova platform is open to third-party applications, so that banks can differentiate themselves on the market in the era of digitalisation. Finnova also offers complete flexibility in choosing the most appropriate operating model for the bank, whether individual installation, multi-tenant installation or BPO services, supported by the operating partner selected.
www.finnova.com