DST International (DSTi)says 100 firms are now using its fund accounting platform HiPortfolio/3.
“We have a tremendous success rate with HiPortfolio/3,” says Mike Winn, DSTi CEO. “Over a third of our existing clients in 20 countries have already committed to the product, plus we are adding new clients to the product at a steady rate. This global acceptance of the solution illustrates the product’s flexibility and market coverage.
HiPortfolio/3 satisfies both regional and local requirements, whilst maintaining an overall global picture. The scale of the acceptance in such a short period of time since its launch reflects the timeliness and quality of the product and underscores the leadership position of the earlier HiPortfolio products in the market. Not only is it the most used system in the Third Party Administration (TPA) market, but it is just as popular with those who insource the administration of their portfolios.”
DSTi says it is continuing to invest heavily in HiPortfolio/3 and most recently in meeting the requirements of the International Accounting Standards Board (IASB).
HiPortfolio/3 now fully provides the facilities for our clients to be IAS compliant.
“DSTi has identified China as a new growth area for our products,” says Winn. “Since we opened an office there in February 2003, HiPortfolio/3’s regional strengths coupled with its multi-lingual capabilities have given the solution a stronghold in China. This new product brings with it very significant additional functionality and has new technology at its core, which has meant that we have seen significant improvements in system performance, resilience and throughput capability, with up to twice the performance of HiPortfolio/2. HiPortfolio/3 also offers improved data interchange capabilities, enhanced reporting functionality, and multilingual capability. It remains the solution of choice by both TPAs and investment houses across the world, providing comprehensive front-to-back office functionality, and backed by DSTi’s substantial and continuous development to ensure it meets the demands of future changes.”