Apex Fund Services has completed its global implementation of Metrosoft’s compliance software, Fundsphere Compliance TA.
The Fundsphere platform is designed to meet the complex requirements of today’s transfer agent.
The deployment of this software across the Apex Group will deliver enhanced operational efficiencies for Apex’s 33 offices globally, plus real time TA transaction monitoring and entities screening against multiple sanction lists for its clients.
The top 20 global independent administrator will use Metrosoft’s technology to provide full data segregation and granular functionality in order to deliver an enhanced service to clients.
Sonja Maria Hilkhuijsen, global head of compliance, Apex Fund Services, says: “The deployment of the Fundsphere Compliance TA software across the Apex Group will not only strengthen the way in which we are able to address our obligations under current Anti-Money Laundering requirements, but also ensure Apex’s readiness for the upcoming release of enhanced AML regulations. Fundsphere’s extensive range of tailor-made reports will be fully utilised to support our existing internal controls whilst also contributing to the oversight obligations of our clients. This scalable solution is a welcome addition to our internal infrastructure as we expand our service offering to further facilitate fund distribution for our global client base.”
Janusz Lorenc, chief executive officer, Metrosoft, says: “We are delighted to complete the implementation of Fundsphere Compliance TA at Apex Fund Services. Our teams have worked extremely well together during the rollout and integration with current Apex TA system which resulted in the entire project being completed in only three months. We look forward to working with Apex, not only to learn from their expertise but also to enhance our Fundsphere products.”
