INTERNATIONAL: Automation of Mutual Fund Processing

Wednesday October 7 2009

In the current operating environment, where the mutual funds industry faces increased regulatory scrutiny coupled with financial uncertainty-many have begun exploring options which would allow a shift from the paper intensive framework to a technology based solution, promising tighter risk management and control as well as cost savings in efficiency and productivity.

Kevin Lee, Managing Director of Calastone, the independent cross-border mutual fund transaction network, explains how automation and STP offer tighter risk management and control for Mutual Fund Management firms. Kevin explains that connecting to Calastone is straightforward, participants don `t need to stump up any membership fees or need to invest in any specific technology in order to connect and benefit from the risk reduction and controls on offer.