FundBank selects Axia Custody solution to automate custody and portfolio management operations
01 September 2023 Cayman Islands
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Profile has announced that FundBank, headquartered in the Cayman Islands, has selected its Axia Custody solution to manage and automate their custody and portfolio management operations.
The selection of Axia Suite allows FundBank's clients to access their account positions directly, generate reports and send orders through a branded user interface with flexible widgets and secure messaging. The mechanisms of the Axia Custody solution aim to optimise processes and communications with FundBank’s existing core banking system and will provide an easy flow of data, the company says.
Adam Rossiter, COO at FundBank, says: “In the face of rapid technological advancements, Profile’s solution shall allow us to benefit from complete control over our custodian operations in a single platform with seamless integration to our systems and enable us to offer a competitive omni-channel experience to our clients.
“As Fundbank prepares to expand further into key global markets, with additional products and services, the addition of the Axia Custody solution will further enhance its ability to be well positioned to meet the complex and ever-changing needs of the funds industry.”
Aris Iliopoulos, regional managing director at Profile, comments: “The solution shall empower the bank to profitably perform both internal and client-oriented operations with flexibility at a minimum operational risk and cost whilst generating a better customer experience ecosystem.”
The selection of Axia Suite allows FundBank's clients to access their account positions directly, generate reports and send orders through a branded user interface with flexible widgets and secure messaging. The mechanisms of the Axia Custody solution aim to optimise processes and communications with FundBank’s existing core banking system and will provide an easy flow of data, the company says.
Adam Rossiter, COO at FundBank, says: “In the face of rapid technological advancements, Profile’s solution shall allow us to benefit from complete control over our custodian operations in a single platform with seamless integration to our systems and enable us to offer a competitive omni-channel experience to our clients.
“As Fundbank prepares to expand further into key global markets, with additional products and services, the addition of the Axia Custody solution will further enhance its ability to be well positioned to meet the complex and ever-changing needs of the funds industry.”
Aris Iliopoulos, regional managing director at Profile, comments: “The solution shall empower the bank to profitably perform both internal and client-oriented operations with flexibility at a minimum operational risk and cost whilst generating a better customer experience ecosystem.”
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