FundBank, formerly known as DMS Bank & Trust, has partnered with Profile Software to implement its custody solution and automate its operations, enhancing its ability to serve the global alternative asset management sector.
Facts
- FundBank, headquartered in the Cayman Islands, offers banking solutions for the global alternative asset management sector.
- It provides multi-asset and multi-currency global processing capabilities and corporate actions reporting functionality.
- FundBank offers an online portal with order transmission capabilities and specialized cash management workflows for money market funds.
- FundBank has partnered with Profile Software to implement Profile’s Axia Custody solution.
- Axia Custody’s solution enables FundBank to manage and automate its custody and portfolio management operations, allowing clients to access their account positions, generate reports, and send orders through an intuitive user interface.
- Profile’s Axia solution offers flexible integration with core banking systems, facilitating seamless data flow and process optimization.
- Adam Rossiter, COO at FundBank, highlights the solution’s potential to provide complete control over custodian operations and enhance the omnichannel experience for clients.
- FundBank plans to expand into key global markets and sees Axia Custody as a tool to meet the evolving needs of the funds industry.
