FundBPO appoints DST for increased automation
Independent fund administrator, FundBPO is partnering with software specialist DST Systems to implement a new enterprise workflow solution.
The new solution would see the solution implemented via a five year license agreement and would be rolled out across FundBPO’s Australian unit registry.
“We are committed to investing in technology that gives our clients better management of the risks associated with processing managed fund transactions, enquiries and correspondence,” Smith said.
“We will be able to run a paperless unit registry business with real-time service level reporting, client interaction and management of a fund’s transaction life cycles.”
FundBPO is a service provider to around 370 managed funds in Australia, and administers approximately $95 billion of domestic funds.
AUTHOR
Hope William-Smith
Recommended for you
Clime Investment Management has welcomed an independent director to its board, which follows a series of recent appointments at the company.
Ethical investment manager Australian Ethical has cited the ongoing challenging market environment for its modest decrease in assets over the latest quarter.
Commentators have said Australian fund managers are less knowledgeable compared with overseas peers when it comes to expanding their range with ETFs and underestimating the competition from passive strategies.
VanEck is to list two ETFs on the ASX next week, one investing in residential mortgage-backed securities and the other in Indian companies.
