Fund administrator HedgeServ has partnered with FinTech company AccessFintech which operates Synergy, the data and workflow collaboration network.
To provide an improved client experience, HedgeServ will utilise real-time settlement data that will also offer efficiencies in preventing and resolving settlement fails across the entire counterparty ecosystem.
Through a customisable suite of trader and factor-based risk analytics, HedgeServe enables fund managers to better understand the drivers of their performance and portfolio risk.
The fund administrator claims to configure and integrate a risk management solution to meet each client’s unique reporting needs and frequencies.
By using Synergy’s data access, HedgeServ will be able to scale and provide clients with insights while enhancing controls and customer service.
In addition, HedgeServ will be provided with quicker access to settlement data which will enable faster and independent exception investigation and resolution, which will in turn contribute to the reduction of overall fails.
By using the solution, buy-side clients will be able to achieve transformational efficiencies, reduce operational risk and costs of technology, and accelerate the resolution of settlement fails.
“Legacy fund administration often forces managers to make decisions based on unreliable and incomplete data. At HedgeServ, we connect managers with their data in ways they normally view, analyse and share information internally with their investors and counterparties,” said Justin Nadler, president of HedgeServ.
AccessFintech’s partnership with HedgeServ follows similar agreements made with other companies over the past year.
In March, AccessFintech partnered with post-trade FinTech giant Broadridge as well as messaging platform Symphony to transform resolution of settlement fails and resolve trade exceptions, respectively.
“Clients are looking for innovative ways to gain sharper insights, simplify their operations and reduce transaction costs,” said Boaz Zilberman, EVP business development of AccessFintech.
“We are excited to partner with HedgeServ as we believe there is a significant opportunity to transform efficiencies and workflow, and clients of both firms will benefit from a much-improved experience and strengthened controls.”