The partnership reflects the rise of ‘shadow’ fund administration, with an independent third-party providing oversight and validation of fund accounting.
Temenos partners with Curo to migrate 3,000 funds to its Multifonds Global Accounting platform after "highly competitive process”.
A quarter of survey respondents believe their fund administrators and transfer agents are not keeping up with the requirements of asset managers.
Fund administrators have highlighted the importance of the ETF to their growth plans, but operational technology were highlighted as a challenge for growth.
The migration to the platform will replace the legacy platform Northern Trust’s transfer agency business had previously operated on.