Valu-Trac Investment Management has selected Temenos Multifonds SaaS to scale its fund administration and transfer agency business in the UK.
This move aims to enhance operational efficiency through automation on a single platform, offering increased capabilities and improved servicing for Valu-Trac’s managers and collective fund shareholders.
The implementation of Temenos Multifonds will enable Valu-Trac to introduce automated workflows with exception-based management.
NAV workflow dashboards will provide real-time visibility of potential challenges, enabling prompt resolutions.
Additionally, Valu-Trac will be able to rapidly respond to changing regulatory requirements and client requests with customisable reports.
Temenos’ cloud-based technology and API-first integration will also enable Valu-Trac to seamlessly integrate with a wide range of internal or external systems.
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Temenos Multifonds managing director Oded Weiss said: “We are proud to welcome Valu-Trac as a new member of the Multifonds community, marking our continued strategic commitment to the UK retail investment funds administration market.
“As a SaaS client, Valu-Trac is well positioned for future growth, by leveraging Multifonds across its comprehensive suite of middle, back office, and transfer agency services.”
Based in Scotland, Valu-Trac provides an array of services, including investment management and support, authorised corporate director (ACD), and fund operations.
The company caters to nearly 45 sponsors/investment managers across over 150 funds, with a total worth of £16bn ($20.3bn) in assets under management (AuM). Its product portfolio mainly focuses on UK OEICs and NURs funds.
Valu-Trac fund operations director Jonathan Child said: “This is a strategic project for Valu-Trac, and after a thorough evaluation, we chose Temenos Multifonds as the best solution to meet both our current and future needs.
“Its comprehensive functionality and proven success in large-scale fund migrations made it the clear choice. With Multifonds, we can accelerate our digital transformation, better serve existing clients, and attract new ones.”
In August this year, Kuwait’s Boubyan Bank chose Temenos’ core banking platform for retail, corporate banking, and wealth management.
