Technology provider TrustQuay has expanded TrustQuay Online, its end-to-end, cloud-native SaaS platform, with an SaaS enabled fund management administration product. This follows research by the company which found that interest in fund administration is a key growth area.
The fully-integrated service will support trust, corporate and alternative fund service providers, and will be accessible online 24/7.
Compared to on-premise software and comparable market solutions, the platform has a reduced total cost of ownership.
Keith Hale, executive chairman of TrustQuay, says: “The growth in alternatives globally has led to more trust and corporate services providers identifying the opportunity in illiquid fund administration. However, the increasing complexity of fund structures and investment capabilities means that providers are looking for more agile and more cost-effective solutions.
“This new SaaS fund administration platform offers an end-to-end solution from onboarding to lifecycle management, at a significantly reduced total cost of ownership.”
