Iress : unleashes a new era of fund administration for Maitland
March 23, 2022 at 07:16 am EDT
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Iress today announced that Maitland Fund Services is now live with its SmartHub low latency connectivity network across derivatives and fixed income, building on its equities capabilities. Maitland's clients are now able to electronically process orders, extending straight-through processing to these asset classes significantly reducing errors and saving time processing trades.
Iress' head of sales and business development Stuart Campbell said: "Both the fixed income and derivatives markets in South Africa have been moving towards digitisation for some time, with the pandemic accelerating this trend, as well as the need for efficiency. We're extremely proud to be helping South African firms like Maitland compete on a global scale through the use of technology."
Maitland's head of business development and client management for Africa, Andre le Roux, said: "Iress has helped us improve our efficiency, service delivery and reduce risk. Most of our clients have traded their equities electronically for some time but the manual processing of derivatives and fixed income asset classes remained a challenge. Working closely with Iress is how we've now managed to automate this process.
"The Iress implementation has been an integral part of a larger initiative to increase automation and straight through processing . Enhanced by our robotic process automation efforts, we have seen a 17.5% improvement in operational performance and 13 percentage point improvement in client satisfaction.
About Iress Smart Hub
Iress SmartHub is a low latent connectivity network for high volume, financial transactions among market participants.
Designed to deliver cost and performance benefits across the front, middle and back office, SmartHub reduces point-to-point connections and IT footprints across message protocols.
With global, open-trade messaging across 153 markets, SmartHub helps businesses grow, access more liquidity, reduce operational risk and lower the cost of business.
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IRESS Limited published this content on 23 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 March 2022 11:16:06 UTC.
Iress Limited is a technology company providing software to the financial services industry. Its segments include APAC, UK & Europe, Mortgages, South Africa, and North America. APAC consists of the Trading and Market Data business, which provides market data, trading, compliance, order management, portfolio systems and related tools to financial markets participants in Australia, New Zealand and Asia; Financial Advice business, which provides financial planning systems and related tools to wealth management professionals located in Australia and New Zealand, and Superannuation business which provides fund administration software and related tools to the superannuation industry. The Mortgages segment operates in the United Kingdom to provide mortgage origination software and associated consulting services to banks. South Africa provides information, trading, compliance, order management, portfolio systems and related tools to financial markets participants.
IRESS LIMITED 
