Mosaic 2.0 is the largest capital expenditure in Enhance’s 15-year history and underpins the Group’s Monitoring, Portfolio and Consultancy services. The 18-month, two-phase development project has been created in partnership with Infuse Group, a Jersey-based award-winning digital agency, and underlines Enhance’s continued evolution in financial technology.
The web-based platform with cloud infrastructure is tailor-made for the requirements of the global fiduciary and family office community, providing a range of tools and advanced analytics to evaluate each portfolio versus the Investment Policy Statement and Investment Management Agreement in place. The platform also caters for the requirements of consolidated reporting across multiple custodians, currencies and asset types.
Tom Wiseman, Chief Executive Officer at Enhance Group, comments: “We develop, implement and integrate proprietary technology to deliver superior investment oversight services to the fiduciaries and family offices we serve. This significant investment in technology will cement Enhance Group's market-leading position and couldn’t be more timely given the exceptional stock market volatility resulting from the pandemic.”
Utilising proprietary algorithms coupled with best in class third party analytics, Mosaic 2.0 programmatically assesses the risk, return and suitability of investment portfolios. The platform boasts multi-layer holdings-based analysis, including fund look-through functionality, to deliver a degree of transparency previously unavailable to fiduciaries at an affordable cost.
The launch of Mosaic 2.0 is merely the first phase of Enhance’s comprehensive development roadmap which includes the release of an online portal for fiduciaries and integrations with Trust Administration and Accounting systems.
Justin Simpson, Chief Operating Officer at Enhance Group, said: “In a fast changing, technology driven world it is essential that Enhance remains at the forefront of FinTech and passes on operational efficiencies to our clients. We invest, so our clients don’t have to.”
Further information about Mosaic 2.0 can be found here.