Redi2 Technologies, a provider of fee billing applications for the global financial services industry, has joined the Depository Trust & Clearing Corporation’s new Managed Accounts Service.
This service will provide a centralized platform to streamline communications between sponsors and asset managers.
Scheduled to go live later this year, the service will reduce risk and costs for asset managers while enhancing and improving the accuracy of processing for sponsors and their clients, Redi2 says.
“Leveraging our global client base will speed DTCC’s time to market while giving our clients cost-efficient access to a vast managed accounts network,” says Seth Johnson, CEO of Redi2 Technologies. “This standards-based platform will further benefit market participants by promoting straight-through processing for fee reconciliation in this rapidly growing segment of the global financial industry.”