International fund administrator, Maitland, has selected Fiserv's Accurate Reconciliation. The enterprise solution will allow Maitland to improve the processing of cash, position and portfolio reconciliations across all of its investment strategies. It will replace a number of bespoke third party and in-house tools to make system administration simpler through easier end-user configuration.

“Our investment in top-class technologies demonstrates our commitment to excellence in administration, oversight and governance,” say Veit Schuhen, chief operating officer, Maitland. “This Fiserv solution will help us provide a more scalable service that can deal with the increasing volume and complexity that we are encountering as our clients’ investment universe and geographies expand. Also, the more effective auto-matching and issue resolution capabilities will help reduce operational risk for Maitland, our clients and their clients – the investors.”

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