Multifonds expands transfer agency offering
Multifonds has expanded its core transfer agency (TA) solution to meet the needs of its asset servicing clients.
Multifonds, a developer of investment fund software, has expanded its core transfer agency (TA) solution, Multifonds Global Investor (MFGI), to meet the needs of its asset servicing clients.
As a part of the move, the company has removed the need for multiple ancillary third party systems, such as for trailer fees and payments.
Multifonds said it made changes in response to changing regulatory requirements which are putting pressure on margins forcing fund managers to look internally at ways to slash costs and maximise efficiency.
“Simplifying their technology architecture and consolidating operating models and systems (often as a result of mergers and acquisitions) is increasingly seen as the way to achieve this,” the company, which is part of Temenos, said in a statement.
Multifonds executive vice president for client and business development Keith Hale said: “Reducing operational costs is a big challenge for our clients and our ongoing investment and expansion of the product is all about helping them achieve this efficiently. By meeting more of their TA servicing requirements from one fully integrated platform, they can reduce the number of external systems they have to maintain and their overall total cost of ownership.”