The solution enables FNB Custody and Trustee Services to meet increasing regulatory demands.
DST Global Solutions said specific benefits of the solution include consolidated asset recording, generation of reports for the investment compliance system and scrip reconciliation within the same system.
FNB Custody and Trustee Services head of trustee services Nelia de Beer said that HiPortfolio has allowed them to significantly expand their reporting and reconciliation capabilities.
"This investment administration and accounting compliance solution has resulted in improved operational control and efficiency. This will allow FNB Custody and Trustee Services to add further value to existing and potential clients – both locally and internationally," added de Beer.
Arun Sarwal, CEO of DST Global Solutions Investment Management division said that HiPortfolio’s proven, resilient technology allows asset managers to streamline their back office activities and lower operational costs.
