FX and STP software provider, the B2 Group, has announced the integration of its cloud-based transfer and processing solutions system by Multifonds Global Investor, a Luxembourg-based asset management company, according to a B2 Group statement.
As such, B2 Group’s solution will deliver cost savings services for Multifonds, along with providing several key operations, including its Global Transaction Services (GTS) platform and ChannelConnect Integrator, a tool used for fostering payments and end-to-end efficiency across various asset classes.
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According to Keith Hale, Executive Vice President, Client and Business Development at Multifonds, in a recent statement on the partnership, “We are pleased that the B2 Group have selected Multifonds Global Investor. As a market leading cross-asset class investor servicing and transfer agency platform, Multifonds Global Investor today supports more than $1.4 trillion in global assets across 20+ fund domiciles with STP rates in excess of 75%, making it ideally positioned to support B2 as their client base continues to grow.”
Multifonds is fully equipped to handle a multitude of asset classes, structures, currency-trading capabilities and platform functions. Combined with B2 Group’s GTS platform, the company will benefit from economies of scale via the new offering – part of a new initiative to reduce costs of ownership and overall efficiency.
“The B2 Group prides itself in keeping pace with ongoing market and technical evolution, providing our asset manager clients with the assurance of business continuity regardless of market changes. Our solution is highly cost-effective, proven and provides the user with security that the system does not require costly in-house IT maintenance. Working with the team at Multifonds has made for an ideal combination of people, skills and expertise that has delivered a solution that more than meets our client’s expectations,” added Phil Boland, CEO of the B2 Group.