ZILO launches transfer agency service 01 August 2023UK Reporter: Lucy Carter
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Fintech firm ZILO has launched its software-as-a-service technology platform for global transfer agency services.
The solution uses a single platform across jurisdictions, providing users with cloud-based transfer agency services.
Launched in 2020, ZILO aims to improve custody banks and outsourcing providers’ technology capabilities in order to improve their efficiency. The launch of the new product aligns with increasing requirements for UK firms to demonstrate value to investors.
Commenting on the launch, Phil Goffin, CEO of ZILO, says: “[The launch follows] three years of extensive research, significant investment and independent product development. We have an experienced and skilled technical team, based in the UK and Asia, that have built an entirely new modular system so we can work with custodian banks, other servicing organisations and scale asset managers that favour technology solutions versus outsourcing, creating a new platform of choice for the industry.”
Andrew Wilson, chief commercial officer, adds: “The more we have spoken with potential customers, the more they have reiterated the need for innovation in technology, services and costs for this part of the industry.”
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