DBS Securities Services has gone live with Multifonds’ fund accounting platform in Singapore, Hong Kong and Indonesia.
A joint DBS and Multifonds team worked on implementation over a 15 month period to provide asset servicing, position keeping, valuation and accounting functions to the banks’ traditional and alternative funds. The firms will also jointly develop regulatory reports tailored to the dynamic Indonesia markets for DBS and its clients.
The fully automated solution enables DBS to streamline its end-to-end operations to improve service quality and support client growth. The integration includes Multifonds’ Workflow and Exception Manager (WEM) and streamlined NAV process via the Fund Accounting and Transfer Agency systems integration.
DBS selected Multifonds after an evaluation process and proof of concept designed to handle multi-asset coverage.
