|By RealWire News Distribution||
|April 3, 2014 03:05 AM EDT||
Rapid implementation and reliability of underlying technology key to success
London and Luxembourg, 3rd April, 2014 The B2 Group provider of cloud based payments, FX and funds STP software and consultancy solutions to administrators, transaction banks and corporates across the globe announced today that a major Luxembourg based asset management company has successfully implemented and deployed its cloud based transfer agency processing solution which delivers significant cost savings over the traditional on-site deployed service.
This new solution comprises three key proven and robust elements. The B2 Group's GTS ("Global Transaction Services") platform and its automated messaging product, B2 ChannelConnect Integrator which seamlessly integrates with the Multifonds Global Investor transfer agency system and external parties such as paying agent banks, to deliver secure, efficient end-to-end transfer agency operations across all investment fund types.
With the B2 cloud based solution, which is neutral (and delivered in conjunction with POST Luxembourg, the country's national telecom carrier), secure and fully financially regulated to the most stringent levels, the asset manager benefits from access to the market leading technology and transfer agency system without the need to manage or maintain their own technical environment.
Multifonds Global Investor has been designed from day one to handle multiple managers, jurisdictions, asset classes, fund structures, locations, time zones, currencies and languages on a single platform. As a proven, highly scalable platform, it is therefore ideally positioned to deliver economies of scale and reduced cost of ownership when combined with the B2 GTS platform and ChannelConnect product.
"We are pleased that the B2 Group have selected Multifonds Global Investor. As a market leading cross asset class investor servicing and transfer agency platform, Multifonds Global Investor today supports more than $1.4 trillion in global assets across 20+ fund domiciles with STP rates in excess of 75%, making it ideally positioned to support B2 as their client base continues to grow." Keith Hale, Executive Vice President, Client and Business Development, Multifonds.
Take up of the B2 solution has been rapid, with the first payments integration service between an asset manager and its paying agent bank up and running in March 2013 and the first transfer agency services provided to an asset manager adopted in November 2013. Rapid time to market has been key to this success, with the inaugural asset manager enjoying implementation of the completed transfer agency solution within 30 days, including full migration of funds and reporting from the platform.
"The B2 Group prides itself in keeping pace with ongoing market and technical evolution, providing our asset manager clients with the assurance of business continuity regardless of market changes. Our solution is highly cost-effective, proven, and provides the user with security that the system does not require costly in-house IT maintenance. Working with the team at Multifonds has made for an ideal combination of people, skills and expertise that has delivered a solution that more than meets our client's expectations," comments Phil Boland, CEO, The B2 Group.
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About The B2 Group
B2 Group provides cloud based provides cloud based FX, Funds and Payments STP software and consultancy solutions to transaction banks and corporates across the world, especially in Europe, the Middle East and Africa. The company's flagship Global Transaction Services ("GTS") platform underpins a suite of specific functional modules, providing rapid integration, improved STP rates and efficient counterparty integration and client on-boarding. A broad range of complex business processes and financial messages, transactions and report processing capabilities are fully supported using most proprietary and market standards. B2 Group is a trusted provider delivering robust technology to meet today's business challenges. Established in 2001, the company, based in Luxembourg and London, has partnerships with major industry practitioners and representative offices in Johannesburg. For further information, please visit http://www.theb2group.net/
Press contact :
Email : [email protected]
Tel : +44 (0) 7788 416938
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