FundBank Implements Profile Software’s Custody Solution
- 31.08.2023 11:35 am
Profile, a leading international financial solutions provider, has announced today that FundBank, headquartered in Cayman Islands, has selected the leading Axia Custody solution to manage and automate their Custody & Portfolio Management operations.
FundBank is an industry-leading institutional banking provider, delivering banking solutions to the alternative asset management industry on a global scale. The organisation regards its technology platform as its strategic business differentiator, paramount to offering its customers multi-asset and multi-currency global processing capabilities with enhanced, efficient and timely Corporate Actions Reporting. In addition, it provides its clients with an Online Portal, offering Order Transmission capabilities and specialised cash management workflows for money market funds.
Utilising the omnichannel capabilities from Axia Suite, FundBank’s clients shall access their account positions directly, generate reports and send orders through an intuitive branded user interface with flexible widgets, secure messaging and other tools. The flexible mechanisms of the Integrated Interface with Core Banking systems, one of the main advantages of the Axia Custody solution, shall offer an easy and seamless flow of data as well as optimisation of processes and communication with the existing Core Banking system of FundBank.
Using the full potential of Axia Custody, FundBank will experience unmatched functional capabilities, configurable workflows, customisable dashboards and reports as well as powerful customer online access, underpinned by future-proof, cloud-native technology and modular architecture, whilst reaping the benefits of unique flexibility, cutting-edge technology, performance and integration capabilities.
Mr. Adam Rossiter, Chief Operating Officer (COO) at FundBank says that “in the face of rapid technological advancements, Profile’s solution shall allow us to benefit from complete control over our custodian operations in a single platform with seamless integration to our systems and enable us to offer a competitive omni-channel experience to our clients. As Fundbank prepares to expand further into key global markets, with additional products and services, the addition of the Axia Custody solution will further enhance its ability to be well positioned to meet the complex and ever-changing needs of the funds industry.”
Mr. Aris Iliopoulos, Regional Managing Director at Profile mentions that “we are delighted to collaborate with Fundbank by offering the Axia Custody solution, which uses the latest technology standards and applies international best business practices. The solution shall empower the bank to profitably perform both internal and client-oriented operations with flexibility at minimum operational risk and cost whilst generating a better customer experience ecosystem.”
Axia is becoming the preferred choice for financial institutions across the globe. The platform’s continuous evolution and rich functionality offer a unique experience, delivering unrivalled client value.