Dublin, 13th April 2021 - Fund Recs today announced that CSC have gone live on the Velocity Platform. In April 2020, CSC announced its Fund Services expansion into Ireland as part of its long-term strategy to provide global clients access to their suite of fund administration, capital markets, and depositary services. Fund Recs will be supporting CSC through this expansion to help automate multiple processes.
Velocity is a set of cloud-based software modules that helps investment managers, global fund administrators, and auditors to achieve straight-through reconciliations and data processing in their middle and back offices. CSC has implemented the Velocity platform to further support automation throughout the reconciliation process, ultimately increasing efficiency and optimising client deliverables.
“Fund Recs, much like CSC, offers best-in-class systems, solutions, and service”: said Liam McHugh, CSC’s managing director for European fund administration. “This partnership is a significant value-add to our business which will help us continue to focus on providing a consistently high level of service to our clients as we grow our fund administration and depositary offering in Ireland and Europe.”
“Through our engagement with CSC we’ve delivered a strong relationship and are excited to be working with a group that has such a focus on providing high quality client service,” said Fund Recs Chief Executive Officer Alan Meaney. “By automating multiple processes, CSC will now be able to deliver an even better client service. Software only provides leverage to great people and we look forward to supporting CSC as they continue to innovate for the benefit of their global client base.”
About Fund Recs
Fund Recs is the doing platform for funds. We translate complex workflows into a series of simple actions to help people manage, move, and reconcile their fund data at scale. Founded in Ireland in 2013, the clients we serve are spread across the world and our remote-first team continues to grow to help meet the challenges of doing business, meeting regulations, and scaling through people and technology.
About CSC
CSC is a leading provider of fund services globally. We support alternative asset managers across a range of fund strategies, capital markets participants in both public and private markets, and corporations and institutions requiring fiduciary and governance support. We are the unwavering partner for 90% of the Fortune 500®, nearly 10,000 law firms, and more than 3,000 financial institutions. CSC’s Global Financial Markets professionals are located in key financial centers across the United States, Europe, and Asia-Pacific. We are an international company capable of transacting wherever our clients are, with highly experienced teams in every jurisdiction we serve. Find out more at: www.cscgfm.com