Verzögerte Gebühreneinnahmen durch manuelle Prüfungs- und Nachweispflichten

Definition

Fintech and investment businesses that operate custodial or depository services under an AFS licence must maintain detailed records and systems capable of demonstrating compliance with ASIC’s client asset protection standards and any product‑specific requirements for managed investment schemes, digital asset facilities or payment services.[1][2] Preparing for ASIC surveillance, thematic reviews or licence variation applications often requires assembling reconciliations, transaction histories and control documentation across multiple systems and custodians, which is typically done manually in smaller and mid‑sized firms. For a firm with 1–2 compliance staff and an operations team, each significant ASIC review or external custody audit can consume 80–160 staff hours in data extraction, manual reconciliation, exception investigation and documentation, temporarily diverting resources from onboarding new clients, portfolio rebalancing or billing. At a conservative fully loaded cost of AUD 100 per hour, this equates to AUD 8,000–16,000 of internal effort per review cycle, not including the opportunity cost of delayed client work and invoicing. When custody data is not clean and reconciled, fee calculations based on assets under advice or administration may be postponed, extending days‑sales‑outstanding and increasing working capital requirements by several percentage points of quarterly fee income.

Why This Matters

The Pitch: Investment advice firms in Australia 🇦🇺 commonly lose 80–160 hours of billable capacity per review cycle on manual custody evidence gathering and issue remediation. Automating reconciliations, audit trails and regulatory reporting can cut this burden by more than half and accelerate fee collection.

Affected Stakeholders

Compliance Officers, AFS Responsible Managers, Operations & Custody Teams, Finance and Billing Teams, External Auditors and Compliance Consultants

Related Business Risks