Pacific Fund Systems (PFS) has released a new version of its web portal, PFS-CONNECT, which now enables existing investors, their agents and employees to place fund transaction orders online.
The online order types supported are subscriptions, redemptions and switch transactions.
James Eldershaw, Director at PFS, says: “This new online fund order placement capability significantly enhances the already extensive functionality available to PFS-PAXUS users who also use our web portal. The ability for investors to be able to place orders online and for fund managers to approve these orders online leverages the entire concept of automation even further.”
The release also allows for optional multi-factor authentication via a one-time SMS PIN adding to the number of security features embedded in the real-time portal interface between PFS-PAXUS and PFS-CONNECT.
