back Back

Temenos extends partnership with Citi Securities Services

By Gloria Methri

May 08, 2024

  • Asia Pacific
  • Asset Managemet
  • Citi Securities Services
Share

Temenos, Asset Management, Temenos Multifonds, Citi, Citi Securities Services, wealth management, investment accounting, SaaS, Fintech news, Fintech MenaTemenos has extended its partnership with Citi Securities Services to consolidate its current regional fund accounting operation into a global operating model on Temenos Multifonds delivered as SaaS. Citi Securities Services provides end-to-end services for asset managers globally, using Multifonds as part of its existing investment accounting platform.

The move to a global operating model for its global fund services business and from an on-premises system to Multifonds SaaS enables Citi Securities Services to manage its business across multiple geographies and asset classes efficiently on a single platform which includes delivering fund accounting services earlier in the day across all time zones.

Citi’s Global Head of Securities Services, Okan Pekin, said, “The move to SaaS for our global fund services business enables Citi Securities Services to deliver global consistency in our client delivery as we continue to drive our data strategy forward and move to the cloud for core products and processes.”

Oded Weiss, Managing Director – Multifonds, Temenos, said, “We have been partnering with Citi Securities Services for over 20 years.  This program is a natural part of the evolution of moving into SaaS, where our clients can achieve greater efficiencies and economies of scale to deliver better and faster data and services to their clients.”

Temenos Multifonds supports traditional and alternative funds and combines key asset servicing, position-keeping, valuation and accounting functions for all structures of pooled vehicles and funds across multiple jurisdictions.

The platform offers a flexible, real-time investment accounting engine with integrated Investment Book of Records (IBOR) and Accounting Book of Records (ABOR) views, enabling seamless support and services to middle and back offices throughout each day.

Previous Article

May 08, 2024

Gallant Capital buys Fime & UL Solutions’ payments testing business

Read More
Next Article

May 08, 2024

Ransomware payments increase 500% in the last year, study shows

Read More






IBSi Daily News Analysis

UAE, money transfer

May 23, 2024

Asia Pacific

By 2034, the digital remittance market is expected to reach $83.2bn, research reveals

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

May 23, 2024

Data Zoo bags $22.7m in Series A from Ellerston JAADE to fuel global expansion

Read More

May 22, 2024

CashFlo acquires Logitax to expand its Finance Automation & Compliance Suite

Read More

May 22, 2024

Capchase secures €105m to support financing for SaaS firms in Europe

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023