HedgeServ, a US-based global fund administrator, has announced its partnership with UK-based financial technology firm AccessFintech.
The collaboration aims to deliver enhanced controls and efficiency for buy-side clients, through utilising real-time settlement data to offer a “significantly improved” client experience as well as efficiencies in preventing and resolving settlement fails across the counterparty ecosystem.
AccessFintch’s data and workflow collaboration network Synergy will help HedgeServ scale and provide clients with insights while enhancing controls and customer service. The Synergy ecosystem will provide HedgeServ with faster access to settlement data, enable quicker and independent exception investigation and resolution and drive the reduction of overall fails.
The solution couples HedgeServ’s middle and back-office platforms and data with Synergy’s cloud-based data collaboration and standardised operations workflow model, to help buy-side clients reduce operational risk, technology costs and expedite resolution of settlement fails.
Speaking on the partnership, Justin Nadler, president of HedgeServ, says: “Legacy fund administration often forces managers to make decisions based on unreliable and incomplete data. At HedgeServ, we connect managers with their data in ways they normally view, analyse and share information internally with their investors and counterparties. We are excited to partner with AccessFintech in helping our clients to make better data-driven decisions.”
Boaz Zilberman, executive vice president, business development of AccessFintech, adds: “Clients are looking for innovative ways to gain sharper insights, simplify their operations and reduce transaction costs. We are excited to partner with HedgeServ as we believe there is a significant opportunity to transform efficiencies and workflow, and clients of both firms will benefit from a much-improved experience and strengthened controls.”
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