Dublin, April - We're pleased to share that SMT Fund Services (Ireland) Limited (“SMT”) has chosen Fund Recs for our innovative EMIR reconciliation solution. This decision highlights SMT’s initiative to adopt advanced technology for enhancing their operational workflows and compliance processes within the finance sector.
Our solution is set to provide SMT with a reconciliation package to directly oversee its delegates’ EMIR reporting. Tailored to optimize workflows and streamline compliance operations, Fund Recs' platform will enable SMT to dedicate more efforts towards their core mission of providing top-tier financial services to their clients.
As the asset management industry faces ongoing regulatory shifts, particularly with the EMIR Refit changes, staying ahead in compliance is essential. SMT’s deployment of Fund Recs' solution ensures they are well-equipped to manage these evolving demands. The versatility of our platform guarantees that SMT can adhere to both present and future regulatory standards.
Peter Callaghan, CEO of SMT Fund Services (Ireland) Limited remarked, "Integrating Fund Recs' EMIR reconciliation solution is a strategic advancement for us. It fortifies our commitment to a dynamic and resilient compliance framework that keeps pace with regulatory developments. We're confident this collaboration will enhance our compliance posture. Fund Recs already provide us with reconciliation services in our Fund Administration Business Line and we are very pleased that we can now add our Management Company Business Line to their platform"
Alan Meaney, CEO at Fund Recs, expressed his enthusiasm, saying, “We’re thrilled to have SMT continue to expand their use of our platform. Our partnership is all about aiding them in their pursuit of operational excellence and steadfast regulatory compliance. We’re committed to assisting SMT in navigating the intricacies of financial regulations successfully.”
For more information on SMT, visit https://www.sumitrustgas.com/
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.
