I have the pleasure of sharing with you the official launch of the Industrial Thought group’s newest company, Raw Knowledge.
Raw Knowledge is a specialist data provider and data consultant. It launches today with two initial core offerings:
- Its comprehensive excess reportable income (ERI) data solution
- And its bespoke data consultancy service.
ERI data
The ERI data solution does the heavy lifting of gathering hard-to-find, complex offshore funds data so firms can secure a competitive advantage and more easily meet their clients’ regulatory needs. It provides firms with a full data set for ERI tax reporting, including fields rarely provided on a fund manager’s original documentation such as equalisation rates and the identification of asset breakdowns.
What makes the offering truly unique is that, unlike standard data vendors, Raw Knowledge works specifically on a firm’s given fund universe. This means its expert team of data analysts will reach out to fund managers directly and provide the exact data relevant to a firm, in the format they want.
Data consultancy
Raw Knowledge’s ERI data solution is supplemented by its bespoke data consultancy service which provides firms with a simple, comprehensive picture of the tax treatment for even the most complex of instruments.
Whether it’s reporting or non-reporting funds, VCTs, equities or fixed income, Raw Knowledge can source the information a firm needs to help determine their clients’ tax liabilities. Its team will obtain original source documentation from issuers and fund managers, as well as further information from vendors and HMRC, so that the data supplied is up-to-date, traceable and verified. This helps firms minimise their risk, reduce operational costs, and better meet their clients’ regulatory needs.
Raw Knowledge and Financial Software Ltd
Many of you will already be familiar with the team at the Raw Knowledge as they originally formed the data team of Financial Software Limited (FSL), providing CGiX customers with access to quality ERI data as part of FSL’s Offshore Reporting Funds (ORF) solution.
They have been a vital part of FSL’s operations and development over the last few years, working hard behind the scenes to support CGiX clients. But, in recent years, as their team, customer base and capabilities grew, the Industrial Thought group took the decision that the data operations should separate from FSL to form their own company that would develop these data-specific offerings and services further.
This new structure as sister companies under the wider Industrial Thought group gives both FSL and Raw Knowledge the room to do what they do best, deliver the best solutions possible to their customers, and allow them to explore newer avenues and markets.
Pioneering solutions
Over the coming months, Raw Knowledge will work in close collaboration with our technology incubator lab Thought Train to develop pioneering solutions for the financial services industry that unlock the full power of financial data. By doing so, Raw Knowledge hope to help the industry become more agile, insightful and open.
This is an exciting time for the Raw Knowledge team and the wider Industrial Thought group. If you’d like to learn more about the new company and keep up to date with all the interesting developments in their pipeline, please visit Raw Knowledge’s new site and follow their LinkedIn page.
Mike Baker, Group Managing Director