Corporate, trust and fund service provider Trident Trust has implemented Linedata’s transfer agency and reporting tools.
Linedata Mshare and Linedata Reporting will be used by Trident Trust to improve its fund administration services.
The platform provides accounting tools with profit and loss allocations, AML/KYC tracking and FATCA/CRS compliance and XML reporting capabilities.
Linedata reporting automates internal and external reporting, with data management dashboards and web portal options for investment managers and investors.
Ciaran Whooley, head of client services for EMEA at Linedata Fund Services, explained the partnership reflects Trident’s “geographical footprint and varied product mix”.
Thalius Hecksher, global director of fund services at Trident Trust, added continued investment in technology is fundamental to the long-term growth of the company.
In January, Linedata completed its acquisition of middle office technology provider Gravitas Technology Services to expand its outsourcing services.
Gravitas supports over 80 asset managers in North America with 2016 revenues of $26.5 million.