The Maples Group has gone live on the Fund Recs Velocity platform to automate cash and position reconciliations.
The group provides fund services including regulatory and compliance, entity formation and management, fiduciary, and legal services.
As a developer of cloud-based reconciliation software-as-a-service, Fund Recs’ Velocity platform facilitates straight-through reconciliations for global fund administrators, investment managers, and auditors in a collection of software modules.
Tyler Kim, global head of fund services for the Maples Group, commented: “The growth of our fund services business has been largely predicated on our ability to implement best-of-breed vendor systems to supplement our proprietary technology solutions.”
“We were impressed with Fund Recs’ innovative and scalable reconciliation platform and their approach to integrating with existing platforms.”
Alan Meaney, CEO of Funds Recs, added: “We are excited to be working with the Maples Group team as they continue to enhance their client delivery model leveraging Fund Recs industry leading solutions.”
“The Maples Group joins a growing list of fund administrators that have selected Fund Recs based on our innovative technology and domain expertise.”
