FundBank taps Profile Software for its custody solution

FundBank has partnered with Profile Software to implement its custody solution and automate its operations.

The organisation, formerly known as DMS Bank & Trust, aims to utilise the collaboration to manage and automate its custody and portfolio management operations, via Profile’s Axia Custody solution

Clients will be able to access their account positions directly, generate reports and send orders through the services’ intuitive user interface.

Adam Rossiter, chief operating officer (COO) at FundBank, said: “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.”

The innovative cloud-native Axia solution offers its users an integrated interface with core banking systems, enabling a seamless flow of data.

The platform is set to optimise the processes and communications of FundBank’s existing core.

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