Business Development     11 March 2020

Fund Recs Announces New Partnership to Automate Reconciliations and file processing at Curo Fund Services

Dublin, Ireland – 11 March 2020: Fund Recs today announced that it will provide Curo Fund Services, South Africa’s largest third-party administrator, with trade capture automation services through its Velocity ...

Dublin, Ireland – 11 March 2020: Fund Recs today announced that it will provide Curo Fund Services, South Africa’s largest third-party administrator, with trade capture automation services through its Velocity fund administration software as well as providing Curo with the capability to manage multiple data sources through its new ETL tool Fusion.

The Fusion system is delivered as a fully hosted Software as a Service solution and puts an easy to use ETL solution into the hands of the administrator.

Barri Maggott, CEO of Curo, said: “Implementing Fusion allows our business to optimise its operating model by placing the management of data in the hands of the administrator and reducing the demands on our technology department.”

Fund Recs CEO, Alan Meaney, said: “We are delighted to be working with Curo Fund Services as they continue to innovate the fund servicing process through the combination of powerful software and domain expertise.”

About Fund Recs
Fund Recs develops cloud-based reconciliation software for the Funds Industry, replacing outdated enterprise software with a pay-as-you-go Software-as-a-Service (SaaS).

The Fund Recs software simplifies complex reconciliation and data transformation in the funds industry reducing the time to complete reconciliations by up to 90%. Fund Recs mission is to automate and improve the valuation of funds.

Founded in 2013 Fund Recs has offices in New York, Dublin and Waterford, Ireland. In 2016 Fund Recs was named “European Start-up of the Year” at the ICT Spring Conference in Luxembourg. Find out more at: www.fundrecs.com.

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We provide a comprehensive investment administration service for Life and Life Wrapped unitised pooled products, Pension/Retirement Funds, Medical Aid Funds, Collective Investment Schemes and Hedge Funds.