Calastone Expands Fund Processing Automation Service To Offer Automated Reconciliation Processing

by 04 May 08:08

Calastone Limited, the independent cross-border transaction network for the
mutual funds industry, announced today that it has introduced reconciliation
functionality to the Execution Management System (EMS) of its mutual fund
transaction network.  In response to increasing demand from distributors
for centralisation and automation of the reconciliations function, Calastone’s
approach to standardisation of cross-border mutual fund messaging is well placed
to automate a historically manual and resource-intensive regulatory requirement.

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