Here are the key points regarding Credicorp Capital’s implementation of Temenos’ Multifonds platform:
- Deployment: Credicorp Capital has launched the Multifonds platform from Temenos, using it to manage 71 funds via Software-as-a-Service (SaaS).
- Functionality: The platform supports fund accounting and investor servicing, covering both traditional and alternative funds. It handles asset servicing, position keeping, valuation, and accounting across various fund structures and jurisdictions.
- Benefits: The solution provides continuous service updates, simplified digital channel integrations, and scalable capabilities, resulting in lower total ownership costs and enhanced focus on core business activities.
- Geographic Presence: Credicorp Capital operates in multiple countries, including Colombia, Chile, Panama, Peru, Mexico, and the US, with assets under management (AUM) totaling $10.7 billion.
- Strategic Alignment: The deployment aligns with Credicorp Capital’s regional vision, aiming to support future growth and maintain agility in response to business needs.
- Industry Impact: Temenos’ Multifonds platform has also recently been adopted by Alter Domus for compliance with European Long-Term Investment Fund (ELTIF 2.0) regulations.
