PRESS RELEASE
A-Lab Solutions integrates Reseo corporate e-Business ID solution with Temenos Multifonds
Portable AML/KYC corporate e-Business ID enables swift execution of client onboarding, reducing timeframe from weeks to days
November 28, 2024: A-Lab Solutions, the London-based fintech, today announced the integration of Reseo corporate e-Business ID with Temenos Multifonds, the global, best-in-class fund accounting and investor servicing solution.
The Reseo e-Business ID solution brings with it a wealth of benefits for the Investment Funds industry. Once corporate owners – mainly Distributors, Distributor Platforms or Institutional Investors – create a unique e-ID, all their up to date AML/KYC information and documentation is in one place, perpetually up-to-date and portable. Using Reseo, corporate e-ID owners are able to select a counter party to exchange information with – mainly a Transfer Agent – and meet the specific requirements of the counterparty, creating transparency, speed, continuous compliance and doing away with a predominantly paper-based process. It enables faster transacting and making optimal use of investment opportunities in the market.
On the other hand, Transfer Agents – which are Temenos Multifonds’ clients – can integrate the perpetual e-ID directly into their onboarding platform in real-time through event-driven architecture and standard Multifonds APIs, reducing the AML/KYC verification from on average 4-5 weeks to a matter of minutes, removing the headaches of friction, duplication, misunderstanding and delays in opening investment accounts, therefore saving significant cost as well as time.
Temenos Multifonds on SaaS allows A-Lab Solutions to incorporate Reseo with all Transfer Agents using Multifonds, in a more secure, confidential, cost-effective and sustainable way. The breadth and depth of the Temenos Multifonds service, with Reseo incorporated, will help lower the Total Cost of Ownership as the upgrades of infrastructure are part of the service.
“We are very pleased to announce that our Reseo e-Business ID solution integrates with Temenos Multifonds SaaS,” said Pierre-Yves Rahari, Director and Co-founder, A-Lab Solutions. “We have designed Reseo to turn the onboarding AML/KYC process into a more customer-friendly, efficient, technology based yet strongly compliant experience, and we are delighted to find in Temenos an industry partner that shares this vision with us.”
Sern Tham, Global Product Director, Temenos Multifonds, commented: “We’re excited to see A-Lab Solutions leverage Temenos Multifonds for an integrated, efficient onboarding solution that significantly improves the client experience for both Transfer Agents and investors. By incorporating Reseo’s corporate e-business ID with Multifonds, our clients benefit from streamlined, highly secure onboarding that reduces AML/KYC processing times from weeks to minutes. This collaboration aligns with our commitment to providing best-in-class fund administration technology that fosters agility and operational efficiency across the investment industry.”
On a single platform, Temenos Multifonds supports traditional and alternative funds and combines key asset servicing, position keeping, valuation and accounting functions for all structures of pooled vehicles and funds, across multiple jurisdictions.
The Temenos Multifonds solution won the Fund Services Partnership of the Year at the Global Custodian Industry Leaders Awards 2024 and has received the award for Best Integrated Back-Office Platform at the WatersTechnology Buy-Side Technology Awards for three years in a row.
Ends
Investment Management industry professionals wanting to contact Reseo to find out more or book a demo should get in contact here:
Pierre-Yves Rahari by phone: + 44 (0) 7454 006638 or by email: psrahari@reseo.global
Press Enquiries: Eva Keogan ekeogan@reseo.global +44 (0) 7790 841538
