Eleven, the technology company reshaping the alternative investments industry, announces the release of Eleven OS 7.
This technology reportedly redefines “the interaction of data between Investor Profiles and private investments, bringing increased simplicity, centralization, data transparency, and integrity to the global private investment process.”
At the core of Eleven OS 7 are Investor Profiles – “secure repositories utilized for completing fund subscription documents, onboarding for KYC and AML and servicing investors.”
The true power behind Eleven OS 7 lies in its ability “for investors to maintain and update Investor Profile information across investments. Eleven OS 7 facilitates changes to information, such as banking or address details, with an intuitive and centralized workflow, while accommodating for all the diverse, complex and decentralized data requirements, approval processes, and workflows connected to each investment.”
Eric Slaim, CEO of Eleven, said:
“Eleven OS 7 marks another significant leap forward in transforming the global private investment process for investors, fund managers, and administrators. With OS 7, Investor Profiles are continuing to become the most reusable cards for private investing globally, enabling investors to subscribe to funds and onboard for KYC in a matter of clicks.”
OS 7 represents Eleven’s inaugural release “under the operating system label and is the company’s seventh major system-wide upgrade. It serves as the culmination of countless software releases, setting the foundation for an aggressive software release schedule.”
Packed with essential features and improved accessibility, this schedule aims “to propel customers and the alternative investment technology industry forward rapidly.”
As noted in the update, Eleven claims that it is “a disruptive technology company bringing the alternative investments industry online to a more connected, scalable future. Eleven enables participants throughout the private investment ecosystem to create engaged client communities, automate workflows and scale growth.”
They aim to enable fund managers “to service their investors in one place throughout the entire investor journey. Fund managers can have their investors learn about them, subscribe online and be serviced by the fund administrator in their own branded, secure environment. Eleven also provides fund administrators with the complete infrastructure to service clients and investors at scale, drive operational efficiency, win more business and generate new lines of revenue.”
Eleven is based in New York and “has SOC II Type I and Type II accredited security and compliance procedures.”