Maples Group goes live on Fund Recs Velocity platform for reconciliations
The Maples Group, an independent service provider offering clients a comprehensive range of fund services, as well as regulatory and compliance, fiduciary, entity formation and management and legal services, has gone live on Fund Recs Velocity platform to automate cash and position reconciliations.
Velocity is a set of software modules that helps global fund administrators, investment managers and auditors to achieve straight through reconciliations. The Maples Group has implemented the Velocity platform in its global offices to further support automation throughout the reconciliation process, ultimately increasing efficiency and optimising client deliverables.
Tyler Kim, Global Head of Fund Services for the Maples Group, says: “The growth of our fund services business has been largely predicated on our ability to implement best-of-breed vendor systems to supplement our proprietary technology solutions. We were impressed with Fund Recs’ innovative and scalable reconciliation platform and their approach to integrating with existing platforms.”
Fund Recs CEO, Alan Meaney, says: “We are excited to be working with the Maples Group team as they continue to enhance their client delivery model leveraging Fund Recs industry leading solutions. The Maples Group joins a growing list of fund administrators that have selected Fund Recs based on our innovative technology and domain expertise.”