Multifonds Enhances DBS's Asset Management with Automation

Multifonds Singapore Pte Ltd has announced the successful implementation of its fund accounting platform with DBS in Singapore, Hong Kong SAR, and Indonesia. This platform unifies management of traditional and alternative funds, providing services like asset servicing, valuation, and accounting.

The partnership promises to enhance DBS's operational efficiency through the latest technology, including Workflow and Exception Manager, and streamlined NAV processes. Multifonds was chosen after proving its ability to handle diverse market specificities with comprehensive multi-asset coverage.

Furthermore, Multifonds is aiding DBS in adapting regulatory reports for the fast-evolving Indonesian market, ensuring alignment with current regulations.

Oded Weiss, CEO of Multifonds, emphasized the significance of this partnership and how it underpins DBS's client-driven operations with scalable and flexible solutions.