Armundia Luxembourg launched Fundwatch, the first end-to-end integrated platform specifically designed for depositary banks managing Alternative Investment Funds (AIFs). The platform was created to address the intense operational pressure faced by depositaries in Luxembourg, who must handle rapidly growing assets under custody—increasing from $17bn in 2018 to $100bn in 2024—while meeting intensified regulatory expectations from bodies like the CSSF and ESMA. Regulators now require banks to verify ESG investment restrictions and strengthen oversight of illiquid asset valuations.

Fundwatch consolidates processes that depositary banks typically manage across fragmented systems, centralising master data, transactions, regulatory controls, and document management into a single platform. According to CEO Paolo Maceratesi, the solution automates currently manual activities and integrates fragmented systems, ensuring traceable controls. This approach reduces operational risk, streamlines processes, and delivers measurable cost containment.

The platform offers comprehensive support for all AIF asset classes, including private equity, real estate, debt, and OTC derivatives. A distinctive feature is the document suggestion system, which indicates required documents for each workflow step, eliminating errors from missing documentation. Documented results from a Luxembourg depositary bank implementation showed substantial improvements, including a 90% reduction in manual errors in controls, a 40% reduction in onboarding time, and an overall 50% reduction in operational time and effort.

FundWatch is the initial vertical module of Armundia's broader 3SIXTY FUNDS modular platform, which is designed to cover the entire fund management value chain and adapt immediately to new regulations. The framework supports activation of specific functionalities and can operate stand-alone or integrate with legacy systems.