Maitland looks to Oracle for transfer agency 31 July 2015Cape Town Reporter: Stephanie Palmer
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Fund administrator Maitland has selected Oracle FLEXCUBE Investor Servicing to support its global transfer agency services.
The mandate is intended to lead to improved coverage, control and operational efficiency, and to accelerate time-to-market.
Oracle will be supporting transfer agency on a single application designed for distribution on a global scale. The will span all of Maitland’s investment products and funds, including long-only funds, retirement and unit-linked products, hedge funds and alternatives.
Services will be standardised and consolidated across product lines, markets and customer segments, and more automation will be introduced.
Jim Clark, head of transfer agency services at Maitland, commented: “We view transfer agency services as a core part of Maitland’s overall offering, and we want to support our clients’ distribution plans and their servicing of investors and intermediaries.”
“The selection of Oracle FLEXCUBE Investor Servicing is in line with Maitland’s practice of integrating best-of-breed applications and technology for our clients’ benefit. As we expand internationally, Oracle will help us to bring new global offerings to market faster – whether in Africa, the USA or the UK and Europe.”
Chet Kamat, senior vice president of banking products at Oracle, said: “Maitland is a leading example of how global transfer agencies are modernising their operational infrastructure to become more agile, flexible and customer-centric. Oracle FLEXCUBE Investor Servicing plays an integral role in helping administrators like Maitland achieve these goals while seeking to expand into new regional market segments.”
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