MutualFundWire.com: NewRiver and DST Introduce Informa Alliance
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Wednesday, February 23, 2000

NewRiver and DST Introduce Informa Alliance


NewRiver Investor Communications and DST Systems have launched a strategic union called the Informa Alliance, offering an Application Service Provider (ASP)-hosted investor communications site geared to the financial services industry.

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The Informa Alliance includes the following products and services:
  • Informa Consent Express - an integrated database management service to solicit, capture and manage investors' consent to receive electronic delivery of a variety of regulated communications at any point in time.
  • Informa Compliance - an Internet-based electronic compliance document fulfillment service allowing investors to gain, Web-based access to information on all US mutual funds, culled from the SEC's EDGAR database.
  • Informa Investor - a paperless account platform for delivery of electronic communications to individual investors, including confirmations, account statements, tax documents and check images.
  • Informa Broker - an Internet service allowing financial intermediaries to access investor statements, confirmations and tax documents via a secured Web site.

    "The Informa Alliance allows investors greater access to information 24-7 by 365 adding to the explosive growth of Internet usage," Val Dingle, managing director of NewRiver.com said.

    "Our clients will benefit from shortened sales cycles, reduced mail cost including postage, and costs associated with compliance," she added. Prospectuses can also be posted online and email can be sent out to give investors notification about the posting, thus satisfying the SEC's mandatory prospectus rule.

    E*TRADE is the first of NewRiver's clients to offer its customers online delivery of financial account documents as part of the Informa Alliance suite. Dingle would not comment on future potential clients.

    The DST Systems family of companies includes Corporate Document Services, Output Technology Solutions and itsYourAccounts.com creating what the company calls "the first ever full-featured electronic filing cabinet for investor communications."


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