Ultimus expands uSUITE platform with new tech application
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Ultimus expands uSUITE platform with new tech application 19 November 2020US Reporter: Maddie Saghir
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Ultimus Fund Solutions, a provider of full-service fund administration, accounting, and investor solutions, is introducing a new innovation technology application uETF.
uETF is part of the firm’s uSUITE framework which includes uPRICE, uTRANSACT and uNAV applications, among others.
The uETF app, which is set to further streamline and add functionality to the firm’s exchange-traded funds (ETFs) processing capability, will increase efficiency, improve transparency, and reduce risk.
As part of a fully interconnected technology ecosystem comprising numerous uSUITE applications, uETF uses machine learning, artificial intelligence and robotic process automation (RPA).
uETF streamlines the ETF workflow and dataflow processes with end-to-end, straight-through processing, providing layers of quality control, auditability and data integrity.
Ultimus explained clients also benefit from additional features within uETF, as the automated system allows nightly portfolio composition files, which are essential to ETFs, to be sent in a shorter time frame.
Ultimus CEO Gary Tenkman calls uETF “a considerable resource” in the firm’s ETF servicing capabilities.
“We are exceptionally proud of the uSUITE technology ecosystem and the benefits of the uETF application. With its unique, proprietary, end-to-end automation, uETF takes the speed, scalability and integrity of our ETF processes to an entirely new level.”
Tenkman added: “uETF and uSUITE reflect Ultimus’ continuing commitment to investing in technology and to ensuring that our clients have the benefit of excellent ETF servicing, which we believe is second to none in the industry.”
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