Dublin, 15th July 2020 - Fund Recs today announced that the Maples Group, a leading 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 said: “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, said: “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.”
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 Maples Group
The Maples Group is a leading service provider offering clients a comprehensive range of legal services on the laws of the British Virgin Islands, the Cayman Islands, Ireland, Jersey and Luxembourg, and is an independent provider of fiduciary, fund services, regulatory and compliance, and entity formation and management services. The Maples Group distinguishes itself with a client-focused approach, providing solutions tailored to their specific needs. Its global network of lawyers and industry professionals are strategically located in the Americas, Europe, Asia and the Middle East to ensure that clients gain immediate access to expert advice and bespoke support, within convenient time zones. For more information, please visit: : www.maples.com