FundBank taps Profile Software tech to manage Custody operations

By Gloria Methri

International financial solutions provider Profile Software has announced that FundBank, headquartered in Cayman Islands, has chosen the Axia Custody solution to manage and automate its Custody & Portfolio Management operations.

An institutional banking provider, FundBank delivers banking solutions to the alternative asset management industry on a global scale. The organisation leverages technology to offer its customers multi-asset and multi-currency global processing capabilities with enhanced and timely Corporate Actions Reporting.

In addition, it provides its clients with an Online Portal, offering Order Transmission capabilities and specialised cash management workflows for money market funds.

Utilising the omnichannel capabilities from Axia Suite, FundBank’s clients can access their account positions directly, generate reports and send orders through an intuitive branded user interface with flexible widgets, secure messaging, and other tools. The flexible mechanisms of the Integrated Interface with Core Banking systems will offer a seamless flow of data as well as optimise processes and communication with FundBank’s existing Core Banking system.

Using the full potential of Axia Custody, FundBank will experience functional capabilities, configurable workflows, customisable dashboards and reports as well as powerful customer online access, underpinned by future-proof, cloud-native technology, and modular architecture.

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.”

Aris Iliopoulos, Regional Managing Director at Profile stated, “We are delighted to collaborate with Fundbank by offering the Axia Custody solution, which uses the latest technology standards and applies international best business practices. The solution shall empower the bank to profitably perform both internal and client-oriented operations with flexibility at minimum operational risk and cost whilst generating a better customer experience ecosystem.”

According to Profile Software, Axia is becoming the preferred choice for financial institutions across the globe. The platform’s evolution and functionality offer a unique experience, delivering “unrivalled client value.”