Delta Data Software and Recognos Financial form Integrated Technology Partners (ITP) to provide the mutual fund industry with the data and documents required to comply with new SEC regulations governing mutual funds. Read more…
Integrated Technology Partners (ITP), a joint venture of Delta Data Software and Recognos Financial, was founded to address the mutual fund industry’s need to easily access fund data and distribute fund disclosure documents. The result of that effort is the Mutual Fund Information Portal (MFIP). The MFIP is an industry utility designed to provide the industry participants and their clients with ALL the Mutual Fund Information necessary to support all aspects of the business from start to finish.
The MFIP is a repository of compliance documents that include summary prospectus, statutory prospectus, SAI, shareholder reports and other disclosure documents that can be used by both Fund Managers and Distributors in flexible and innovative ways to satisfy their specific internal informational needs as well as their compliance obligations around disclosure document delivery.
Additionally, MFIP provides a reliable and cost-effective source of critical mutual fund information directly from SEC-filings, ensuring that the integrity of the source data is maintained and easily verifiable. MFIP requires no data entry, no data cleansing and provides industry consistency by showing all parties the same source data. The mutual fund industry currently incurs direct costs in excess of $300 million per year for data subscriptions and to print and mail prospectuses and other documents. ITP’s goal is to reduce these direct expenses by 50% within the first two years, and up to 60% to 70% in year three.