Curo goes live with SmartStream’s post trade solution
02 December 2020 South Africa
Image: atiana Shepeleva/Adobe Stock
Curo Fund Services in South Africa has gone live with SmartStream Technologies’ TLM Aurora Trade Process Control.
The solution, which allows Curo to consolidate infrastructures across asset classes and business lines, ensures all trade processing, proactive executions management, through to settlement, are based on verified data.
Curo Fund Services explained it required a solution to further control and provide visibility of its trade processing requirements and to replace multiple silos for a structured end-to-end solution.
SmartStream’s TLM Aurora Trade Process Control will support the entire transaction lifecycle from the point of deal capture through to allocation, confirmation and settlement.
It will also aim to lower operational risk and cost, as well as manage market volatility and meet buy-side regulatory requirements.
Additionally, Curo explained that the increase in STP levels will be important as the trade enrichment process draws on a single golden source of static data.
Vincent Kilcoyne, executive vice president product management, SmartStream, said: “As the industry adapts to changes, we look forward to working with Curo to assist them in their growth goals and to further strengthen their position as leaders in investment administration for their clients”.
Barry Maggot, CEO of Curo Fund Services, affirmed: “The investment management community entrusts the administration of assets to us – it is our duty to enable our clients to enhance efficiencies and to always provide the best service to their customers. Our ongoing investment in technology supports the pace of their product evolution – therefore having closer control over our post trade processing activities is essential.”
The solution, which allows Curo to consolidate infrastructures across asset classes and business lines, ensures all trade processing, proactive executions management, through to settlement, are based on verified data.
Curo Fund Services explained it required a solution to further control and provide visibility of its trade processing requirements and to replace multiple silos for a structured end-to-end solution.
SmartStream’s TLM Aurora Trade Process Control will support the entire transaction lifecycle from the point of deal capture through to allocation, confirmation and settlement.
It will also aim to lower operational risk and cost, as well as manage market volatility and meet buy-side regulatory requirements.
Additionally, Curo explained that the increase in STP levels will be important as the trade enrichment process draws on a single golden source of static data.
Vincent Kilcoyne, executive vice president product management, SmartStream, said: “As the industry adapts to changes, we look forward to working with Curo to assist them in their growth goals and to further strengthen their position as leaders in investment administration for their clients”.
Barry Maggot, CEO of Curo Fund Services, affirmed: “The investment management community entrusts the administration of assets to us – it is our duty to enable our clients to enhance efficiencies and to always provide the best service to their customers. Our ongoing investment in technology supports the pace of their product evolution – therefore having closer control over our post trade processing activities is essential.”
NO FEE, NO RISK
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Assegt Servicing Times
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Assegt Servicing Times
.jpg)