Profile Software launches fully automated custody platform

By Megha Bhattacharya

Profile Software, an international financial solutions provider, announced today the new release of Axia Custody, the advanced automated custody platform that delivers streamlined operations, globally. The platform has been upgraded to advance the custody process offering competitive features to users, through automation.

In particular, Axia Custody supports post-trade processing for Global Custodian, Sub-Custodian, Agents and Mutual Fund Custodian delivering fully (STP) automated, 4-way matching and settlements ensuring improved communication among Market, Local Brokers, International Brokers, International Broker Agents, Sub-Custodians, and Clients. The system has a 2-Way SWIFT (SMPG standards) messaging whilst covering SWIFT-based automated corporate actions with more than 70 CA events and making available automatic initiation through custodian incoming SWIFT thus avoiding user intervention.

Axia Custody delivers complete digital, web-based capabilities as well as configurable workflows, customisable dashboards and reports (scheduled and ad-hoc), for a competitive omnichannel experience. Clients can easily access and navigate the themeable and easy to customise portal, that adheres to the organisation’s branding, delivering a unique experience. The Solution integrates with market data providers’ platforms (Bloomberg, Refinitiv, etc.) and with any core banking platform via its open architecture and standard APIs.

Recently, Profile Software announced the new version of its Treasury platform Acumen.plus, the new upgraded, STP, real-time cloud-native platform that delivers advanced UX and automation to the modern treasurer, globally. According to the company, Acumen.plus was developed to be the new Treasury system that empowers users to check and validate mass deals’ imports using real-time APIs. It offers functions for bulk uploads, allowing secure and easy monitoring of the process. Users can inspect and authorise uploaded deals, before actual creation in the system, thus, eliminating errors and ensuring the quality of data, crucial in Treasury.