Curo Fund Services goes live with SmartStream’s post-trade processing solution 

SmartStream Transaction Lifecycle Management selected by South African administrator for end-to-end solution. 

By Jonathan Watkins

South African administrator Curo Fund Services has gone live with SmartStream’s Aurora Trade Process Control to control and provide visibility of its trade processing requirements, replacing multiple silos with an end-to-end solution. 

The service will consolidate infrastructures across asset classes and business lines, ensuring all trade processing, proactive executions management, through to settlement, are based on verified dataSmartStream said this will enhance cost efficiencies and regulatory compliance. 

Aurora Trade Process Control will support the entire transaction lifecycle from the point of deal capture through to allocation, confirmation and settlement.  

“The investment management community entrusts the administration of assets to us – it is our duty to enable our clients to enhance efficiencies and to always provide the best service to their customers,” said Barry Maggot, CEO, Curo Fund Services. 

Our ongoing investment in technology supports the pace of their product evolution – therefore having closer control over our post trade processing activities is essential. We are grateful to SmartStream and the professional services team for a smooth implementation. We look forward to fulfilling our technology and control duties with SmartStream and working towards a strategy that works for our clients and supports our growth.” 

SmartStream said that by introducing greater automation and enhancing control, the product will assist in lowering operational risk and cost, as well as managing market volatility and meeting buy-side regulatory requirements. In addition, the increase in STP levels will be paramount as the trade enrichment process draws on a single golden source of static data.   

It is a great pleasure to work with Curo who are strong advocates of using technology to drive real business benefit and customer experience,” added Vincent Kilcoyne, EVP product management, SmartStream.  

As a team we were able to bring together the data from their existing siloed systems, thereby providing a full 360° view across their systems and operations. In addition to the improved command and control, this approach also delivers cost reductions and more efficient back-office operations, which positions the organisation for improved regulatory compliance, both now and going forward. As the industry adapts to changes, we look forward to working with Curo to assist them in their growth goals and to further strengthen their position as leaders in investment administration for their clients.”