Case Study: the largest custodian bank in the world achieves faster, compliant fund administration reporting with Futran Solutions

the largest custodian bank in the world cuts SEC filing time from 60 to 30 days with Futran Solutions

The customer, the largest custodian bank in the world, faced challenges in manual fund administration processes, including errors and upcoming regulatory requirements like N-PORT and N-CEN. They engaged Futran Solutions to implement a Fund Administration Digitalization (FAD) solution to eliminate manual errors, ensure compliance, and enhance data handling.

Futran Solutions utilized Agile methodology to design and develop a data warehouse and user interfaces, acquiring and transforming data from numerous sources to meet the new regulatory filing requirements. The solution modernized the bank's reporting infrastructure, successfully decreasing SEC filing time from 60 to 30 days and providing operational stability.