FundBPO appoints DST for increased automation

appointment

20 March 2017
| By Hope William-Smith |
image
image
expand image

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.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

3 weeks ago

This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

3 weeks 5 days ago

Interesting. Would be good to know the details of the StrategyOne deal....

1 month ago

Insignia Financial has confirmed it is considering a preliminary non-binding proposal received from a US private equity giant to acquire the firm. ...

6 days 1 hour ago

Six of the seven listed financial advice licensees have reported positive share price growth in 2024, with AMP and Insignia successfully reversing earlier losses. ...

1 day 15 hours ago

Specialist wealth platform provider Mason Stevens has become the latest target of an acquisition as it enters a binding agreement with a leading Sydney-based private equi...

19 hours 56 minutes ago