2016 is the year when online automation revolution in equities and securities of private companies will take place.
American tech firms such as FundAmerica CrowdValley and WealthForge are already leading the way in streamlining the automation process. Most importantly, these processes are in compliance with the online requirements of the Securities Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), as well as the Jumpstart Our Business Startup (JOBS) Act.
These online automations allow entrepreneurs, platforms and investors to verify accredited investors online. They will also be able to streamline deal flows, due diligence, the digital signing of documents, automated payments, and much more. Furthermore, dozens of broker-dealers and payment players have already started to create solutions to automate the progression of private deals.
Online automation is a revolution that will cause a positive shift in the crowdfunding industry in 2016. Here are some of the changes we will see in 2016 as a result of online automations: