admin International financial solutions providing firm, Profile Software, has announced its partnership with FundBank, a global institutional banking provider headquartered in the Cayman Islands. FundBank selected Profile Software’s Axia Custody solution to streamline and automate its Custody & Portfolio Management operations.
What is FundBank?
FundBank caters to the alternative asset management industry on a global scale, offering them banking solutions. With a commitment to leveraging technology, the organisation offers its clients multi-asset and multi-currency global processing capabilities along with timely Corporate Actions Reporting. Additionally, FundBank provides an Online Portal with Order Transmission capabilities and specialised cash management workflows designed for money market funds.
Through Axia Suite’s omnichannel capabilities, FundBank’s clients gain direct access to their account positions, report generation, and order placement, all within an easy-to-use branded user interface. This interface includes flexible widgets, secure messaging features, and various other tools. The Integrated Interface with Core Banking systems ensures seamless data flow, process optimization, and enhanced communication with FundBank’s existing Core Banking system.
Leveraging Potential to Boost Financial Capabilities
FundBank will leverage Axia Custody’s full potential to boost its functional capabilities, offer customisable dashboards and reports, provide configurable workflows, and empower powerful customer online access. With the solution being underpinned by cloud-native technology and a modular architecture, these tools are 100% future-proof.
Adam Rossiter, FundBank’s Chief Operating Officer, highlighted the importance of Profile Software’s solution, stating that it will provide complete control over custodian operations within a single platform. This integration will enable FundBank to offer a competitive omni-channel experience to its clients as it expands further into key global markets with additional products and services.
The Regional Managing Director at Profile, Aris Iliopoulos, expressed his satisfaction with the collaboration, emphasising that Axia Custody leverages the latest technology standards and international best business practices. He believes the solution will empower FundBank to perform internal and client-oriented operations profitably, with flexibility, minimal operational risk, and reduced costs, ultimately enhancing the customer experience ecosystem.
Profile Software’s Axia continues to gain recognition and adoption among financial institutions globally. The platform’s continuous evolution and functionality provide a unique and unparalleled client value, making it the preferred choice for institutions seeking operational excellence and customer-centric solutions.
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