SuMi TRUST selects Fund Recs Transfer Agency Bank Rec Solution for IMR Reconciliations & Reporting

Dublin, 18th August 2020 - Fund Recs today announced that SuMi TRUST, one of the largest financial services groups in Japan, has selected its Transfer Agency bank reconciliation module for its fund services business in Ireland.

Fund Recs Transfer Agency Bank Rec module, part of the Velocity platform, ensures all transactions flowing through investor operating accounts relate to approved fund dealing. This ensures a robust process is in place and helps protect investor funds. This also provides oversight for IMR on a transaction by transaction basis.

Delivered as a fully hosted Software as a Service solution, Fund Recs provides live in app support to assist with onboarding and help meet daily deadlines.

Alan Meaney, CEO of Fund Recs, said “We’re really excited to be working with another large financial services client like SuMi TRUST to help ensure regulatory requirements are met with ease. Transfer Agency Bank Recs is an area of increased focus in the Industry and we’re proud of the safeguards our software adds to the process while also increasing overall efficiency.”

Eric McCarthy, Head of Operational Planning at SuMi TRUST said “This implementation with Fund Recs is part of our ongoing investment in technology solutions to adapt to the increasingly complex regulatory environment. The solution was developed in conjunction with Fund Recs and the implementation process was smooth and efficient and has led to an improved reconciliation process, both in terms of effectiveness and efficiency. We’re very excited to be partnering with Fund Recs and look forward to exploring additional opportunities their suite of products has to offer.”

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About Fund Recs

Fund Recs develops cloud-based reconciliation software for the global Funds Industry, replacing outdated enterprise software with Software-as-a-Service (SaaS). The Fund Recs software simplifies complex reconciliation and data transformation in the funds industry reducing the time to complete reconciliations by up to 90%. Fund Recs mission is to automate and improve the valuation of funds. Founded in 2013 Fund Recs has offices in New York, Dublin and Waterford, Ireland. In 2016 Fund Recs was named “European Start-up of the Year” at the ICT Spring Conference in Luxembourg. Find out more at: www.fundrecs.com

About SuMi TRUST

Sumitomo Mitsui Trust Bank is the largest company in most of the major areas of the trust banking industry in Japan. We will build on our global business model to create unique value-added services associated with the brand of “SuMi TRUST”, with a firm presence not only in the Japanese trust banking industry, but also in the global financial industry.

Albar Capital automate Position Reconciliations with Fund Recs

Dublin, 30th July 2020 - Fund Recs today announced that Albar Capital, the London based Investment Manager, has gone live on Fund Recs Velocity platform to automate position reconciliations.

Velocity is a set of cloud-based software modules that helps investment managers, global fund administrators and auditors to achieve straight through reconciliations and data processing in their middle and back offices.

Rajesh Krishnan, Head of Operations at Albar Capital said “We are delighted to partner with Fund Recs to implement Velocity to automate our position reconciliations. Velocity has made our team more efficient by eliminating manual processes, reducing risk of errors and ensuring automation throughout our reconciliation process.”

Fund Recs CEO, Alan Meaney, said: “Albar Capital are another great example of a firm with a focus on leveraging innovative solutions like Fund Recs to automate their middle and back office. We’re delighted to be working with Rajesh and the team at Albar Capital to support their continuing success.”

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About Fund Recs

Fund Recs develops cloud-based reconciliation software for the global Funds Industry, replacing outdated enterprise software with Software-as-a-Service (SaaS). The Fund Recs software simplifies complex reconciliation and data transformation in the funds industry reducing the time to complete reconciliations by up to 90%. Fund Recs mission is to automate and improve the valuation of funds. Founded in 2013 Fund Recs has offices in New York, Dublin and Waterford, Ireland. In 2016 Fund Recs was named “European Start-up of the Year” at the ICT Spring Conference in Luxembourg. Find out more at: www.fundrecs.com

About the Albar Capital

Albar Capital are a London based absolute return investment manager, authorized and regulated by the Financial Conduct Authority (“FCA”). For more information, please visit: : www.albarcapital.com

Maples Group goes live on Fund Recs Velocity platform for Reconciliations

Dublin, 15th July 2020 - Fund Recs today announced that the Maples Group, a leading independent service provider offering clients a comprehensive range of fund services, as well as regulatory and compliance, fiduciary, entity formation and management and legal services, has gone live on Fund Recs Velocity platform to automate cash and position reconciliations.

Velocity is a set of software modules that helps global fund administrators, investment managers and auditors to achieve straight through reconciliations. The Maples Group has implemented the Velocity platform in its global offices to further support automation throughout the reconciliation process, ultimately increasing efficiency and optimising client deliverables.

Tyler Kim, Global Head of Fund Services for the Maples Group said: “The growth of our fund services business has been largely predicated on our ability to implement best-of-breed vendor systems to supplement our proprietary technology solutions. We were impressed with Fund Recs’ innovative and scalable reconciliation platform and their approach to integrating with existing platforms.”

Fund Recs CEO, Alan Meaney, said: “We are excited to be working with the Maples Group team as they continue to enhance their client delivery model leveraging Fund Recs industry leading solutions. The Maples Group joins a growing list of fund administrators that have selected Fund Recs based on our innovative technology and domain expertise.”

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About Fund Recs

Fund Recs develops cloud-based reconciliation software for the global Funds Industry, replacing outdated enterprise software with Software-as-a-Service (SaaS). The Fund Recs software simplifies complex reconciliation and data transformation in the funds industry reducing the time to complete reconciliations by up to 90%. Fund Recs mission is to automate and improve the valuation of funds. Founded in 2013 Fund Recs has offices in New York, Dublin and Waterford, Ireland. In 2016 Fund Recs was named “European Start-up of the Year” at the ICT Spring Conference in Luxembourg. Find out more at: www.fundrecs.com

About the Maples Group

The Maples Group is a leading service provider offering clients a comprehensive range of legal services on the laws of the British Virgin Islands, the Cayman Islands, Ireland, Jersey and Luxembourg, and is an independent provider of fiduciary, fund services, regulatory and compliance, and entity formation and management services. The Maples Group distinguishes itself with a client-focused approach, providing solutions tailored to their specific needs. Its global network of lawyers and industry professionals are strategically located in the Americas, Europe, Asia and the Middle East to ensure that clients gain immediate access to expert advice and bespoke support, within convenient time zones. For more information, please visit: : www.maples.com

Fund Recs appoints new Chief Revenue Officer to expand global growth

Dublin, 7th July 2020 - Fund Recs, a cloud-based reconciliation platform for the global funds industry which helps fund administrators, depositories, fund managers and audit firms reconcile complex data, has announced the appointment of Mark Lacana as its new Chief Revenue Officer. Lacana’s extensive experience in growing companies in the Investment Management Software industry will support Fund Recs as a leading innovator in reconciliation and data transformation solutions.

Lacana excels at guiding enterprise software companies through periods of rapid growth and brings over 15 years of experience in driving global sales at software companies such as AltaReturn and TheNextRound.

Based in Boston, he will report to Alan Meaney, Fund Recs CEO.

“We have been searching for a talented and ambitious Sales leader to join the team at Fund Recs. Mark has an impressive track record of leading organizations through global growth in the Investment Management Software Industry and we are delighted to welcome him to the team. Many of the clients Mark has worked with previously speak highly of his client centric approach to sales and building a partnership with clients and this is what makes Mark such a great fit for Fund Recs.” said Meaney.

In May, Fund Recs was awarded IS027001 certification as it continues to invest in developing a secure Enterprise platform on the AWS cloud.

“Fund Recs is redefining reconciliations and data transformation for the investment funds industry, Its Fusion product is going to completely revolutionize how operations teams manage their data flows. I’m excited to be joining a business that is leading the way in innovation while successfully delivering on its ambitious growth plans.” added Lacana.

About Fund Recs

Fund Recs develops cloud-based reconciliation software for the global Funds Industry, replacing outdated enterprise software with Software-as-a-Service (SaaS). The Fund Recs software simplifies complex reconciliation and data transformation in the funds industry reducing the time to complete reconciliations by up to 90%. Fund Recs mission is to automate and improve the valuation of funds. Founded in 2013 Fund Recs has offices in New York, Dublin and Waterford, Ireland. In 2016 Fund Recs was named “European Start-up of the Year” at the ICT Spring Conference in Luxembourg. Find out more at: www.fundrecs.com

Fund Recs Announces successful completion of ISO 27001 Certification

Dublin, 7th May 2020 - Fund Recs today announced that on May 1st 2020 it was independently awarded ISO 27001:2013 certification for Information Security Management by Certification Europe.

What is ISO 27001:2013 and why is it so important for organisations?

ISO 27001:2013 is the only standard that sets out the specifications for an information security management system (ISMS).

Organisations increasingly have to show they can be trusted for information security and privacy management and having ISO 27001:2013 demonstrates that an organisation has identified risks and put in place preventative measures to protect the organisation from information security breaches.

What does ISO 27001:2013 certification mean for Fund Recs?:

- Helps us protect information from getting into unauthorised hands

- Ensures information is accurate and can only be modified by authorised users

- Provides a framework for assessing the risks and mitigating the impact of a breach

- Demonstrates independent assessment to an international standard based on industry best practices

What are the benefits for our current and prospective clients?:

- Increased reliability and security of systems and information

- Increased business resilience

- Alignment with customer requirements

- Improved management processes and integration with corporate risk strategies

If you'd like to learn more about how Fund Recs can help automate your data transformation and reconciliation processes, please contact Alan Meaney on alan@fundrecs.com.

Fund Recs Announces New Partnership to Automate Reconciliations and file processing at Curo Fund Services

Dublin, 10th March 2020 - Fund Recs today announced that it will provide Curo Fund Services, South Africa’s largest third-party administrator, with trade capture automation services through its Velocity fund administration software as well as providing Curo with the capability to manage multiple data sources through its new ETL tool Fusion.

The Fusion system is delivered as a fully hosted Software as a Service solution and puts an easy to use ETL solution into the hands of the administrator.

Barri Maggott, CEO of Curo, said: “Implementing Fusion allows our business to optimise its operating model by placing the management of data in the hands of the administrator and reducing the demands on our technology department ”

Fund Recs CEO, Alan Meaney, said: “We are delighted to be working with Curo Fund Services as they continue to innovate the fund servicing process through the combination of powerful software and domain expertise.”

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Media enquiries

Should you require further information, please contact Alan Meaney on alan@fundrecs.com. Phone: +1 646 988 4961

Note to editors

About Curo Fund Services

Curo Fund Services is a specialist investment administration services partner providing investment management solutions to leading investment providers for more than a decade.

Curo offers flexible and dynamic fund services solutions in an ever changing investment market through expertise that supports clients’ product growth strategies, while managing risk through standardisation of common industry processes.

Curo currently employs over 300 experienced staff and administers more than R2 trillion in assets under administration.

For more information, please visit: www.CuroFund.com

About Fund Recs

Fund Recs develops cloud-based reconciliation software for the Funds Industry, replacing outdated enterprise software with a pay-as-you-go Software-as-a-Service (SaaS).

The Fund Recs software simplifies complex reconciliation in the funds industry reducing the time to complete reconciliations by up to 90%. Fund Recs mission is to automate and improve the valuation of funds.

Founded in 2013 Fund Recs has offices in New York, Dublin and Waterford, Ireland. In 2016 Fund Recs was named “European Start-up of the Year” at the ICT Spring Conference in Luxembourg. Find out more at: www.fundrecs.com

Grant Thornton Ireland selects Fund Recs Velocity and Fusion Software Solutions

Dublin, 3rd March 2020 - Fund Recs today announced that Grant Thornton Ireland has selected Fund Recs to provide reconciliation and data transformation software solutions for its Financial Services Audit business. Grant Thornton is Ireland's fastest growing professional services firm and this unit has seen growth of 50% over the past two years.

Grant Thornton Ireland will leverage Fund Recs award winning Velocity and Fusion technology to increase efficiency, accuracy and speed of its investment funds audit process

“We are pleased to support Grant Thornton Ireland’s growth strategy across their Financial Services Audit business” said Alan Meaney, CEO, Fund Recs. “Grant Thornton Ireland’s confidence recognises Fund Recs investment in reconciliation and data transformation innovation. Automating recs and data transformation with a no-code solution in the funds industry is a core competency for us and we are pleased to bring our expertise to Grant Thornton Ireland for the benefit of their audit clients”.

Colin Feely, Partner and Head of Financial Services Audit from Grant Thornton said “We are very pleased to be partnering with Fund Recs. We fully embrace technology and innovation at Grant Thornton Ireland and we constantly look for fresh ways to move both our team and our clients forward by applying our Status Go approach. With this new partnership we look forward to evolving our service offering that ultimately adds value to clients. The team at Fund Recs are well regarded in the funds industry as innovation enablers and we believe that partnering with them will greatly advance our current service offering.”

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Media enquiries

Should you require further information, please contact Alan Meaney on alan@fundrecs.com. Phone: +1 646 988 4961

Note to editors

About Grant Thornton Ireland

Grant Thornton is Ireland’s fastest growing professional services firm. With over 1,450 people in 7 offices across Ireland and 56,000 located in over 143 countries around the world, we bring you the local knowledge, national expertise and global presence to help you and your business succeed – wherever you’re located. We deliver solutions to all business challenges. Clients choose us because the breadth of financial and business services they need is available, delivered innovatively and always to the highest standards. At Grant Thornton we are committed to long term relationships.

Grant Thornton operate from offices in Dublin, Belfast, Cork, Galway, Kildare, Limerick and Longford.

For more information, please visit: www.grantthornton.ie

About Fund Recs

Fund Recs develops cloud-based reconciliation software for the Funds Industry, replacing outdated enterprise software with a pay-as-you-go Software-as-a-Service (SaaS).

The Fund Recs software simplifies complex reconciliation in the funds industry reducing the time to complete reconciliations by up to 90%. Fund Recs mission is to automate and improve the valuation of funds.

Founded in 2013 Fund Recs has offices in New York, Dublin and Waterford, Ireland. In 2016 Fund Recs was named “European Start-up of the Year” at the ICT Spring Conference in Luxembourg. Find out more at: www.fundrecs.com

Colin Feely, Partner and Head of Financial Services Audit Grant Thornton and Des O'Donohoe, Managing Director Fund Recs

Fund Recs secures SANNE as new client with provision of tailored reconciliation automation services

Dublin, 23rd January 2020 - Fund Recs is pleased to announce that it will provide SANNE, a leading global provider of alternative asset and corporate services, with tailored reconciliation automation services through its Velocity fund administration software.

Fund Recs, an established fund industry software provider, will work with SANNE to automate the data processing and reconciliation process in its fund administration business. Delivered as a Software-as-a-Service, Velocity, will help SANNE achieve its goal of Straight-Through-Reconciliations.

Fund Recs Chief Executive Officer, Alan Meaney, said: “Through our engagement with SANNE we’ve delivered a strong relationship and are excited to be working with a group that has such a focus on providing high quality client service. Software only provides leverage to great people and we look forward to supporting SANNE as they continue to innovate for the benefit of their global client base.”

Philip Dempsey, Country Head – Ireland at SANNE, said: “We are delighted to be partnering with Fund Recs. We fully embrace technology and innovation at SANNE and we constantly look for ways to evolve our service offering that ultimately adds value to clients. The team at Fund Recs are well regarded in the funds industry as innovation enablers and we believe that partnering with the best providers in the industry will greatly advance our current service offering.”

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Media enquiries

Should you require further information, please contact Alan Meaney on alan@fundrecs.com

Note to editors

About Fund Recs

Fund Recs develops cloud-based reconciliation software for the Funds Industry, replacing outdated enterprise software with a pay-as-you-go Software-as-a-Service (SaaS).

The Fund Recs software simplifies complex reconciliation in the funds industry reducing the time to complete reconciliations by up to 90%. Fund Recs mission is to automate and improve the valuation of funds.

Founded in 2013 Fund Recs has offices in New York, Dublin and Waterford, Ireland. In 2016 Fund Recs was named “European Start-up of the Year” at the ICT Spring Conference in Luxembourg. Find out more at: www.fundrecs.com

About SANNE

SANNE provides administration, reporting and fiduciary services to leading alternative asset managers, financial institutions, governments and global corporates. The business has over 1,750 clients, administer more than 7,800 structures and funds that have in excess of £250 billion of assets.

SANNE employs more than 1,600 people and has a presence in 20 established international financial centres spread across the Americas, Europe, Africa and Asia-Pacific. Our global presence and the deep experience of our senior team enables us to work in partnership with our clients across key assets and jurisdictions, through one co-ordinated platform. Every client receives a tailored solution, specific to their needs.

For more information, please visit: www.sannegroup.com

See below press release from Deloitte Ireland LLP

Deloitte partners with Fund Recs to increase efficiency of investment management audits

Dublin, 4th April 2019 - Deloitte Ireland LLP is pleased to announce that it has partnered with software provider Fund Recs. Deloitte will use Fund Recs software to automate the custody reconciliation element of its investment fund audit process - as part of that process Deloitte will utilise Fund Recs data transformation service to convert pdf documents to an editable format.

Brian Forrester, Investment Management Leader at Deloitte Ireland, commented: “At Deloitte, we are continually looking at ways to enhance the quality of our audits and the impact that we deliver to our clients. This partnership with Fund Recs is an important part of the technology-driven approach we are taking for investment management audits.”

Matthew Foley, Partner, Financial Services at Deloitte Ireland commented: “The solutions provided by Fund Recs will work alongside our existing proprietary technologies and tools to make the process of auditing an investment fund more efficient and quicker, and will provide better quality data. This ultimately enables us to drive more meaningful insights for our clients.”

Fund Recs CEO, Alan Meaney, added: “We are excited to be working closely with Deloitte to help streamline the investment fund audit process they carry out on behalf of their clients. This partnership is a great example of the benefits of combining a highly skilled workforce with leading edge technology to add value to client data.”

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Media enquiries

Should you require further information, please contact Alan Meaney on alan@fundrecs.com

Note to editors

About Fund Recs

Fund Recs develops cloud-based reconciliation software for the Funds Industry, replacing outdated enterprise software with a pay-as-you-go Software-as-a-Service (SaaS). The Fund Recs software simplifies complex reconciliation in the funds industry reducing the time to complete reconciliations by up to 90%. Fund Recs mission is to automate and improve the valuation of funds. Founded in 2013 Fund Recs has offices in New York, Dublin and Waterford, Ireland. In 2016 Fund Recs was named “European Start-up of the Year” at the ICT Spring Conference in Luxembourg. Find out more at: : www.fundrecs.com

About Deloitte

At Deloitte, we make an impact that matters for our clients, our people, our profession, and in the wider society by delivering the solutions and insights they need to address their most complex business challenges.

As the largest global professional services and consulting network, with approximately 286,000 professionals in more than 150 countries, we bring world-class capabilities and high-quality services to our clients.

In Ireland, Deloitte has nearly 3,000 people providing audit, tax, consulting, and corporate finance services to public and private clients spanning multiple industries. Our people have the leadership capabilities, experience and insight to collaborate with clients so they can move forward with confidence.

In this press release references to Deloitte are references to Deloitte Ireland LLP. The information contained in this press release is correct at the time of going to press. Deloitte Ireland LLP, is the Ireland affiliate of Deloitte NWE LLP, a member firm of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”). DTTL and each of its member firms are legally separate and independent entities. DTTL and Deloitte NWE LLP do not provide services to clients. Please see www.deloitte.com/about to learn more about our global network of member firms.

For more information, please visit: www.deloitte.com/about

DMS Governance Goes Live with Fund Recs

Dublin, 17th September 2018 - Fund Recs today announced that DMS Governance have gone live with its cash and position reconciliation modules. Managers and investors seeking high-quality fund governance overwhelmingly turn to DMS when they want to achieve industry-wide sound practices.

Fund Recs Cash & Position Rec modules, part of the Velocity platform, ensures all open positions & cash balances held are auto reconciled back to the custodian/broker. Delivered as a fully hosted Software as a Service solution, Fund Recs provides live in app support to help meet daily deadlines in the fast-moving investment management world.

Alan Meaney, CEO of Fund Recs, said: "We are delighted to be working with DMS, a company who shares our client centric approach. Using the velocity platform, the internal rec process at DMS has been automated which allows the team concentrate more on client service and exception-based analytics. We look forward to developing a strong relationship with the team in the coming years.”

Conor Kilroy, Head of Investment Servicing at DMS said, "Over the last year we have seen a significant growth in demand for our Investment and Cash Management products. This, together with the growth of our Managed Account business, resulted in us putting in place a solution that would provide scalability and reduce time spent on manual processes. We are pleased to advise that we have now fully automated our cash and position reconciliations through partnering with Fund Rec’s market leading technology, allowing us to place more focus on other key areas and service our clients more effectively. The Fund Recs team have been very efficient and helpful during both the pre and post implementation stages."

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Media enquiries

Should you require further information, please contact Alan Meaney on alan@fundrecs.com

Note to editors

About Fund Recs

Fund Recs develops cloud-based reconciliation software for the Funds Industry, replacing outdated enterprise software with a pay-as-you-go Software-as-a-Service (SaaS). The Fund Recs software simplifies complex reconciliation in the funds industry reducing the time to complete reconciliations by up to 90%. Fund Recs mission is to automate and improve the valuation of funds. Founded in 2013 Fund Recs has offices in New York, Dublin and Waterford, Ireland. In 2016 Fund Recs was named “European Startup of the Year” at the ICT Spring Conference in Luxembourg. Find out more at: www.fundrecs.com

About DMS Governance

DMS Governance is the worldwide leader in fund governance + risk + compliance representing leading investment funds and managers with assets under management exceeding $350Bn. DMS is a global institutional firm that excels in delivering high-quality services across a diverse range of investment fund structures and strategies. We are proud to be the leading independent provider of AIFM, UCITS Management Company and MiFID services to many of the largest institutional investors and asset managers globally.

For more information, please visit: www.dmsgovernance.com

DDH Graham Automate Cash & Position Reconciliations with Fund Recs

Dublin, 11th September 2018 - Fund Recs today announced that DDH Graham Limited have been live with its cash and position reconciliation modules since early July 2018. DDH offers tailored and flexible funds management and administration solutions to the financial services sector and are the first Australian based client of Fund Recs.

Fund Recs Cash & Position Rec modules, part of the Velocity platform, ensures all open positions & cash balances held are auto reconciled back to the custodian/broker. Delivered as a fully hosted Software as a Service solution, Fund Recs provides live in app support to help meet daily deadlines in the fast-moving investment management world.

Alan Meaney, CEO of Fund Recs, said: "We are delighted to announce the Fund Recs platform has been rolled out at DDH Graham. Combining our technology with the expertise of the DDH team creates enormous value for both current and prospective clients of DDH Graham. We look forward to working with our first Australian client and ensuring their rec process is as seamless as possible.”

Gavin Blake, Director Fund Services at DDH Graham, said "The Fund Recs platform takes away the mundane, manual process of reconciling our own data to broker and custodian data. We just generate the files and then Fund Recs does its work. We can view each day’s reconciliation at Fund level, Asset/Category level down to Security level. Breaks in reconciliation are very visible so it allows our staff to take action quickly to investigate variances. The implementation process was a refreshingly good experience and we look forward to further expanding our use of the platform."

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Media enquiries

Should you require further information, please contact Alan Meaney on alan@fundrecs.com

Note to editors

About Fund Recs

Fund Recs develops cloud-based reconciliation software for the Funds Industry, replacing outdated enterprise software with a pay-as-you-go Software-as-a-Service (SaaS). The Fund Recs software simplifies complex reconciliation in the funds industry reducing the time to complete reconciliations by up to 90%. Fund Recs mission is to automate and improve the valuation of funds. Founded in 2013 Fund Recs has offices in New York, Dublin and Waterford, Ireland. In 2016 Fund Recs was named “European Startup of the Year” at the ICT Spring Conference in Luxembourg. Find out more at: www.fundrecs.com

About DDH Graham

DDH Graham Limited (DDH) is Brisbane based funds management and administration organisation founded in 1981, offering tailored and flexible funds management and administration solutions to the financial services sector. DDH is proud of its strong business history and reputation gained over 30 years of serving their valued clients, along with its strong relationships with some of Australia’s largest financial institutions including Bank of Queensland, Westpac and QIC. DDH currently administers over A$11billion for clients across money market, managed fund, superannuation and mandate products. DDH is an unlisted public company owned and is the holder of an Australian Financial Services Licence (226319).

For more information, please visit: www.ddhgraham.com.au

Link Asset Services goes live on Fund Recs Transfer Agency Bank Rec Solution

Dublin, 9th July 2018 - Fund Recs today announced that Link Asset Services, part of Link Group (ASK:LNK), the market leading provider of technology-enabled administration solutions, has gone live with the Transfer Agency bank reconciliation module for its fund solutions business in Ireland.

Fund Recs Transfer Agency Bank Rec module, part of the Velocity platform, ensures all transactions flowing through TA collection accounts are accurately linked to approved fund dealing. This ensures a robust process is in place and allows full visibility of the reconciliation process.

To achieve STP, Fund Recs has established interfaces to ingest bank data from banking partners and transaction data from Link’s transfer agency system, ManTra from HWM. Link also utilise Fund Recs’ reporting tools to meet regulatory reporting requirements and facilitate transaction settlement within ManTra.

Delivered as a fully hosted Software as a Service solution, Fund Recs provides live in app support to assist with onboarding and help meet daily deadlines.

Alan Meaney, CEO of Fund Recs, said: "We’ve been working with Link Asset Services for a number of years now and are constantly impressed by their drive to deliver enhanced client services through innovation. Transfer Agency Bank Recs is an area of increased focus in the Industry and we’re proud of the safe guards our software adds to the process while also increasing overall efficiency.”

Derek McGrath, Shareholder Services Senior Manager at Link Asset Services said: "The implementation of the Fund Recs Transfer Agency Bank Rec module delivers efficiencies throughout our Settlements function. As well as enhancing our reconciliations, the module enables the streamlining of additional settlement processes through integration with our transfer agency system, ManTra from HWM. The ability to generate detailed reporting, allowing us to meet regulatory requirements, in a more streamlined fashion, is also hugely beneficial and will help us deliver a better service to our clients."

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Media enquiries

Should you require further information, please contact Alan Meaney on alan@fundrecs.com

Note to editors

About Fund Recs

Fund Recs develops cloud-based reconciliation software for the Funds Industry, replacing outdated enterprise software with a pay-as-you-go Software-as-a-Service (SaaS). The Fund Recs software simplifies complex reconciliation in the funds industry reducing the time to complete reconciliations by up to 90%. Fund Recs mission is to automate and improve the valuation of funds. Founded in 2013 Fund Recs has offices in New York, Dublin and Waterford, Ireland. In 2016 Fund Recs was named “European Startup of the Year” at the ICT Spring Conference in Luxembourg.

About Link Asset Services

Link Asset Services works in partnership internationally with almost 7,000 clients including asset managers and investors, business managers, asset owners, trustees, issuers and borrowers. We provide the infrastructure through which assets are secured or deployed in both regulated and unregulated markets. The 3,000+ staff of Link Asset Services deliver more than 70 closely aligned services and help capital flow through the financial markets by processing £45bn of payments annually; as well as protecting and safeguarding more than £600bn held in funds, entities and other instruments.

Link Asset Services administers and safeguards assets across ten highly-regulated European jurisdictions. We work with a broad range of market segments, industries and asset classes, including equities, bonds and debt, and real assets. We work closely with regulators, industry bodies and market intermediaries. Our clients often procure multiple services from us and our approach and execution success has enabled us to build market leading positions across all of our business lines:

• Link Market Services (share registration, investor relations, share investment services and treasury)
• Link Fund Solutions (UCITS ManCo, AIFM, fund administration, transfer agency, ISA plan management)
• Corporate Services (finance and accounting, company secretarial, entity management, outsourcing services)
• Private clients (trust and company services, including inter-generational transfers)
• Banking and Credit Management, through the Asset Services brand provides loan origination and servicing, debt work-out, compliance and regulatory oversight.

About Link Group (ASX: LNK)

Link Administration Holdings (Link Group) administers financial ownership data and drives user engagement through technology. Underpinned by its investment in technology, people and processes, it delivers comprehensive data and information solutions for companies, large asset owners and trustees across the globe.

For more information, please visit: www.linkgroup.com

Numen Capital automate Position Reconciliations with Fund Recs

Dublin, 11th April 2018 - Fund Recs today announced that Numen Capital have been live with its position reconciliation module since 2016. Numen, an FCA regulated entity, were the first London based investment manager to sign up to Fund Recs.

Fund Recs Position Rec module, part of the Velocity platform, ensures all open positions held by the manager are auto reconciled back to the custodian/broker as well as the administrator. Delivered as a fully hosted Software as a Service solution, Fund Recs provides live in app support to help meet daily deadlines in the fast-moving investment management world.

"As the first Investment Manager to use Fund Recs, Numen Capital, have been a fantastic partner and have helped us develop Straight through Reconciliations. Combining our technology with the expertise of the Numen personnel creates value for both Numen’s current and prospective clients.” Said Alan Meaney, CEO of Fund Recs.

Rajesh Krishnan, Head of Operations at Numen Capital said "We have been clients of Fund Recs since October 2016 and their technology has enabled us to automate our reconciliations. Using Fund Recs has eliminated manual data processing, reduced risk and ensures our oversight process is of the highest standard. We look forward to continuing our relationship with the team at Fund Recs."

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About Fund Recs

Fund Recs develops cloud-based reconciliation software for the Funds Industry, replacing outdated enterprise software with a pay-as-you-go Software-as-a-Service (SaaS). The Fund Recs software simplifies complex reconciliation in the funds industry reducing the time to complete reconciliations by up to 90%. Fund Recs mission is to automate and improve the valuation of funds. Founded in 2013 Fund Recs has offices in Dublin and Waterford, Ireland. In 2016 Fund Recs was named “European Startup of the Year” at the ICT Spring Conference in Luxembourg.

About Numen Capital

Numen Capital are a London based absolute return investment manager driven by deep fundamental research and cutting-edge technology, authorized and regulated by the Financial Conduct Authority (“FCA”). Founded in 2008 and managed by Filippo Lanza, Numen’s investment funds have exhibited a strong track record in the application of intensive fundamental analysis to securities selection across the capital structure in an events-rich environment. Over the years, Numen have developed an in-house, proprietary research platform that harnesses the power of machine learning and natural language processing algorithms, allowing them to efficiently manage an ever-increasing amount of data and quickly make sense of it via a uniquely collaborative process between analysts and fund managers. For more information, please visit www.numencapital.com

Media Contact

Alan Meaney, CEO | alan@fundrecs.com Phone: +353 87 767 8844

Inaugural Adminvoate Conference raises €16,184.68 for Charity

Dublin, 20th February 2018 - Fund Recs in collaboration with Pete Townsend of Norio Ventures are delighted to share that our inaugural Adminovate Conference raised €16,184.68 for two local charities. The conference focused on innovation in the Fund Administration space with over 270 delegates in attendance.

Meet the Fund Recs team at upcoming Industry events

Fund Recs are exhibiting, attending and speaking at a number of upcoming Funds Industry events. Feel free to get in touch about arranging a meeting or a demo.

ALFI London Cocktail & Conference, London, Mon May 22nd to Tues May 23rd 2017 - Fund Recs will be exhibiting during the cocktail event and during the full day conference. Come say hello to Alan and Ciaran at our stand. Event details: http://www.alfi.lu/london17#event-event

Irish Funds Annual Global Funds Conference, Dublin, Thur May 25th to Fri May 26th 2017 - Fund Recs will be attending the two days of this years confernce. http://www.irishfunds.ie/events/annual-global-funds-conference-2017

FundForum International, Berlin, Mon June 12th to Wed June 14th 2017 - Fund Recs CEO, Alan Meaney, is speaking on a panel on Day 1 of FundForum. Event details: https://finance.knect365.com/fundforum-international/

To arrange a meeting contact:

Alan Meaney, CEO | alan@fundrecs.com

Apex Partners with Fund Recs for Reconciliations

Full press release below:

Dublin, 24th November 2016 - Apex Fund Services today announces the deployment of the Fund Recs Velocity software globally across the group.

The rollout of Fund Recs Velocity platform throughout Apex creates further efficiencies by automating the administrator’s cash and portfolio reconciliation procedure whilst freeing up highly qualified resource from data processing tasks. Apex’s clients will benefit from straight through processing and customisable reporting.

"We are delighted to announce Fund Recs Velocity platform will be rolled out at Apex Fund Services. Combining our technology with the expertise of the Apex personnel creates enormous value for both Apex’s current and prospective clients. We look forward to working in partnership with Apex as we develop the Industries first Straight Through Reconciliation platform.” Said Alan Meaney, CEO of Fund Recs.

Anthony O’Driscoll, Chief Operating Officer added "The deployment of the Fund Recs software across the Apex group is indicative of our commitment, as a global brand, to delivering exceptional service by utilising the best in class technologies and continually improving efficiencies. We look forward to delivering enhanced reporting services to our global client base as we continue to grow and expand our service offering."

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About Fund Recs

Fund Recs develops cloud-based reconciliation software for the Funds Industry, replacing outdated enterprise software with a pay-as-you-go Software-as-a-Service (SaaS). The Fund Recs software simplifies complex reconciliation in the funds industry reducing the time to complete reconciliations by up to 90%. Fund Recs mission is to automate and improve the valuation of funds. Founded in 2013 Fund Recs has offices in Dublin and Waterford, Ireland. In May 2016 Fund Recs was named “European Startup of the Year” at the ICT Spring Conference in Luxembourg.

About Apex Fund Services

Apex Fund Services, established in Bermuda in 2003, is one of the world’s largest specialist fund administration and middle office solutions providers. Apex has continually improved and evolved its product suite by surrounding these core administrative services with additional products spanning the full value chain; from information delivery and regulatory products to capital introduction services. The globally distributed service model is delivered by over 600 staff across 23 full service centres and an additional 10 sales offices. Apex now administers the investments of some of the largest funds and institutional investors in the world.

Media Contacts

Fund Recs Contact: Alan Meaney, CEO | alan@fundrecs.com

Apex Contact: Rosie Guest, Global Marketing Director | rosie@apexfunds.co.uk

Funds startup firm Fund Recs goes for growth

Fund Recs featured in the Irish Examiner. Read the full article here

Gearing up for expansion in 2017, Waterford startup Fund Recs now has its sights on fund administration markets in Luxembourg, London and New York.

European Award

Winner of a European ICT Startup award in May, the automated reconciliation software company has this year grown staff from four to nine and taken on a third significant client.

Fund Recs wins European Startup of the Year

Fund Recs has been named as European Startup of the Year at the ICT Spring Conference in Luxembourg.

ICT Spring is a technology event that brings together over 6,000 professionals, investors and startups from over 72 countries. Fund Recs collected the award at last nights Gala Dinner attended by over 600 special guests.

Our Research team based in Arclabs Research and Innovation centre in Waterford are developing real solutions to real client problems and this award is a testament to the progress we've made over the last 18 months.

Pictured below are Ciaran, Alan and Des collecting the award last night:

Fund Recs shortlisted for awards

We're delighted to share that Fund Recs has been nominated for awards both at home in Ireland and also on a European stage.

European Fintech 100

These awards are split 25/75 between a public vote and a judging panel. We'd really appreciate 2 mins of your time to vote for us. Click below to cast your vote:

Waterford Business Awards

Back at home we've been shortlisted in the Innovation and Technology category for the Waterford Business Awards. We'll be sure to post photos of the night and are looking forward to meeting the other shortlisted businesses.

Capita Asset Services moves to automated cash and portfolio reconciliation

- Fund Recs extends contract with Capita Asset Services

We worked closely with Capita to develop a solution that met its requirements and look forward to this second phase of work with the company, which follows the successful deployment of the Fund Recs trade capture module last year.

Full press release below:

Dublin, 4th February 2016 - Capita Asset Services announces it is working with Irish fintech start-up, Fund Recs, to automate its cash and portfolio reconciliation process.

The cloud-based software will automatically reconcile broker and custodian data to Capita's fund accounting system, InvestOne Enterprise. Clients will benefit from enhanced and user friendly reporting.

Paul Burke, senior manager fund accounting, Capita Asset Services, said: "Enhanced reporting will provide our clients with information concerning the cash and portfolio of their funds at a glance and the solution will further aid our Net Asset Value (NAV) process and deliverables. This investment not only prepares us for the reporting requirements of the incoming UCITS V regulations, but also provides a solid foundation for future technical innovation."

Alan Meaney, director of Fund Recs, said: "We worked closely with Capita to develop a solution that met its requirements and look forward to this second phase of work with the company, which follows the successful deployment of the Fund Recs trade capture module last year."

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For further information please contact:
Alan Meaney on alan@fundrecs.com

About Fund Recs
Find out more at www.fundrecs.com

About Capita Asset Services

Capita Asset Services' fund solutions business is part of Capita plc, a FTSE 100 company with market capitalisation of around US$7.5bn. The fund solutions business employs 500 employees servicing over 300 funds in the UK, Ireland, Luxembourg and the Channel Islands with over £70bn of assets under administration at 31 March 2015.

Capita Financial Administrators (Ireland) Limited, regulated by the Central Bank of Ireland, is one of the fastest growing Irish fund administration companies specialising in the administration of both Irish domiciled funds (UCITS and non-UCITS) as well as funds domiciled in the Cayman Islands and the British Virgin Islands.

Capita plc is a leading UK provider of technology-enabled customer and business process services and integrated professional support services. With 74,000 people at over 400 sites, including 80 business centres across the UK, Europe, India and South Africa, Capita uses its expertise, infrastructure and scale benefits to transform its clients' services, driving down costs and adding value. Capita is quoted on the London Stock Exchange (CPI.L), and is a constituent of the FTSE 100 with 2014 revenue of £4.4 billion. Further information on Capita can be found at: www.capita.co.uk

Fund Recs featured in PwC's Private Business Matters magazine

Fund Recs launches Velocity platform for Fund Administrators

Following the successful roll out to clients, Fund Recs is announcing the launch of Velocity which facilitates the streamlined collection and reconciliation of data on the Funds serviced by Administrators.

Fund Recs was founded in 2013 to fix broken reconciliations, solving for the first time a significant pain point for the Global Funds Industry. Velocity allows administrators to automate trade capture, cash and position reconciliations, improving efficiency and reducing the operational risk of manual error. Velocity provides a live overview of operational progress, identifies break risks as well as the automatic collection of key performance indicators.

Velocity is fully user configurable, reducing the need for support by clients internal IT teams. Non-technical users can manage data streams, flows and mappings through user screens, removing unnecessary bottlenecks that traditionally required IT intervention.

Contracts secured on the Velocity platform in recent months have included Mitsubishi UFJ Fund Services and Capita Asset Services. Fund Recs expects to announce new clients on the platform in the coming months as more and more companies continue to transition to the next wave of innovative vendors.

Outside of its initial core modules Fund Recs is working with its partners to increase the efficiency and transparency of the full fund valuation process. Additional modules are in development as Fund Recs takes a fresh look at the entire Fund Administration life cycle, using the latest technology to create the next generation of industry best practices.

Ireland is recognised as the world's centre of excellence for Fund Administration. By the end of 2014 there was over �3.2 trillion of assets under administration in Ireland across 13,193 funds. 19 of the top 20 fund administrators have a presence there and the industry employs over 12,000 highly skilled staff. With offices in both Dublin and Waterford, Fund Recs is best placed to deliver the Velocity solution to global clients.

Commenting on their announcement today, Alan Meaney, CEO of Fund Recs, said "We're really excited to show off the Velocity technology we've developed over the last 18 months. The Fund Administration industry's problem of high costs and relatively low margins has been no secret. Velocity addresses this issue head on by transforming staff from data processors to data analysers. We wouldn't have made it this far without the fantastic feedback and encouragement we've had from our early clients so I'd like to give them a special mention as we reach another important milestone on our journey to automate the valuation process".

For further information contact:

Alan Meaney, CEO Fund Recs

alan@fundrecs.com

Tel: +353 87 767 8844

About Fund Recs

Fund Recs develops cloud-based reconciliation software for the Funds Industry, replacing outdated enterprise software with a pay-as-you-go Software-as-a-Service (SaaS). The Fund Recs software simplifies complex reconciliation in the funds industry reducing the time to complete reconciliations by up to 90%. Fund Recs mission is to automate and improve the valuation of funds. Founded in 2013 Fund Recs has offices in Dublin and Waterford, Ireland. Investors include Enterprise Ireland and Telefonica.

Statistics referencehttp://www.irishfunds.ie/fs/doc/statistics/stats-factsheet-december-2014-copy-2.pdf

Fund Recs wins Googles 'Best Promotion of Business Online' at Irelands Best Young Entrepreneur Awards

Colin Goulding, Head of SME Publishers, EMEA, Google presenting Padraig with his award

We're delighted to share that Fund Recs Co-founder Padraig O'Scanaill picked up the award from Google for 'Best Promotion of Business Online' at yesterday's Irelands Best Young Entrepreneur Awards held in Googles Foundry building in Barrow Street, Dublin. While Padraig was also one of the three finalists announced on the day in the Start-up Business Category he lost out to eventual overall winner Eamon Keane of Xpreso.

With over 1,000 entries in the inaugural IBYE competition, winning the Google award is a fantastic achievement for both Padraig and Fund Recs. It is also a privilege to have been named in the final nine of the twenty-four finalists. The competition was extremely tough and the pitches on the day were from businesses with real opportunities on the global stage. If yesterday was any indicator, the future of business and innovation in Ireland is very bright.

Padraig was humbled and honoured by the whole Irelands Best Young Entrepreneur experience.

"The IBYE journey has been invaluable for both myself and Fund Recs. It's really helped shape our business proposition and the supports we've already received from the competition have directly helped us to create employment in our company. We honestly thought being shortlisted in Waterford was a great honour. To go on and win that, the regional finals, and now this award has far exceeded our expectations. There are many people who helped me during the competition including the IBYE mentors and organisers and I'd like to thank them all for their support. Special thanks to Ciaran Cullen, Head of Local Enterprise at the Local Enterprise Office Waterford City and his wife Tracey who travelled up on the day to cheer on #teamWaterford." he said.

The competition was launched earlier this year as part of the Irish Governments Action Plan for Jobs 2014. Below is Padraig meeting Minister for Jobs, Enterprise and Innovation Richard Bruton TD, at our offices in Wayra.

Fund Recs partners with CloudMargin to offer the first fully integrated, cloud based collateral management and portfolio reconciliation platform

Dublin and London, 24th November 2014 - Cloud based financial services technology providers Fund Recs and CloudMargin today announced a partnership to offer the first fully integrated, cloud based collateral management and portfolio reconciliation platform. This partnership meets the needs of derivatives users looking to improve processing efficiency, minimize risk and meet the regulatory requirement to reconcile portfolios mandated by EMIR.

Fund Recs adds the essential operational control and key collateral dispute resolution tool of portfolio reconciliations, a requirement for regulatory compliance under EMIR, into a single user interface with CloudMargin.

CloudMargin offers clients optimized end-to-end collateral management workflow for the full spectrum of margined products such as OTC bilateral and cleared derivatives, futures and options, repo and reinsurance.

Andy Davies, CEO of CloudMargin comments: "Clients are increasingly rejecting the outdated technology, high prices and slow implementation of traditional financial technology companies. They are looking for state of the art services that simultaneously empower them to run an efficient, controlled business and comply with their regulatory obligations. Whether the client's prime focus is monitoring counterparty risk, optimizing balance sheet inventory or reconciling their portfolios, CloudMargin and FundRecs together provide the solution the market needs and we're delighted to enter into this partnership."

Alan Meaney, Director of Fund Recs added: "We are thrilled to formally announce our partnership with Cloud Margin. The team at CloudMargin shares our vision for the new breed of financial services software - innovative, value creating and backed up by industry expertise. Just as we are reimagining reconciliations at Fund Recs the team at CloudMargin are leveraging their years of experience in Collateral Management to create a new, user focused Collateral Management solution. This partnership will allow us to integrate data on both our platforms to benefit our shared customers by reducing the need to send out similar data sets to multiple vendors."

About CloudMargin
CloudMargin is the collateral management technology provider meeting the growing needs of derivatives end-users for an affordable, understandable and functionally complete alternative to spreadsheets and manual processes. Focusing on derivatives end-users such as corporate treasurers, insurers, pension funds and asset managers allows CloudMargin to avoid the unnecessary and expensive complications of sell-side focused solutions and instead deliver a cost-effective and understandable web-based platform. Low-cost "pay as you go" menu-based pricing means the end to lengthy technology contracts with punitive exit clauses and costly upgrade cycles. The simple yet powerful web-based interface gives total visibility of proprietary and counterparty or CCP positions while state of the art data visualization and reporting puts clients firmly in control of their businesses.

www.cloudmargin.com

Andy Davies, CEO, Tel: +44 (0) 20 3397 5671

andy.davies@cloudmargin.com

About Fund Recs

Fund Recs develops cloud based reconciliation software for the Funds Industry, replacing prehistoric enterprise software with pay as you go Software as a Service. We help firms make complex reconciliations simple. Reconciling data is a core operational function in the Funds Industry. Comparing two data sets, a simple process in theory, becomes increasing complex as you deal with multiple parties (40+ plus brokers) with different formats and delivery methods. We solve the problem of fragmented data by putting the power into the end users hands and by passing IT. Fund Recs was founded in 2013 and has offices in Dublin and Waterford, Ireland. Our investors include Enterprise Ireland and Telefonica.

www.fundrecs.com

Alan Meaney, Director, Tel: +353 87 767 8844

alan@fundrecs.com

Irish start-up wins contract with Capita Asset Services

- Capita Asset Services chooses Fund Recs for trade processing

We're delighted to welcome Capita Asset Services as a client of Fund Recs.

Full press release below:

Dublin, 10 November 2014 - Irish start-up, Fund Recs, today announced that it has secured a major new contract with Capita Asset Services, part of FTSE 100 company Capita Plc. Under the new contract Fund Recs, which develops cloud based reconciliation software for the funds industry, will provide trade processing solutions for Capita's fund business in Ireland. Fund Recs software will be used to automatically capture trades from Fund Managers and post them to Capita's internal fund accounting system.

Fund Recs was founded in 2013 to provide reconciliation software to global fund administrators. Its software allows companies automate the reconciliation of Cash, Position and FX holdings on the funds they administer thereby removing the operational risk of manual mistakes. Fund Recs also provides a manager dashboard giving a live overview of operational progress as well as automatically collecting key performance indicators.

By April 2014 Ireland's fund administration industry hit an all-time high of over �2.8 trillion in assets under administration, reinforcing its position as the number one hedge fund servicing centre in the world with 40% of global assets*. Over 12,000 people are employed directly in fund administration across the island with regional hubs such as Limerick and Cork adding to the traditional centres of Dublin and the IFSC.

Commenting on the new contract, Alan Meaney, Director of Fund Recs, said "We are excited to be working with Capita Asset Services and are delighted they've chosen Fund Recs as their trade processing solution. Our experience and technology are enabling Capita Asset Services transition to a Straight Through Processing (STP) model. This automated model helps reduce operational risk and will also provide additional transparency. As an innovation partner we're actively working with firms similar to Capita Asset Services to create value by finding better ways to do things and also explore new services to drive revenue growth."

Paul Burke, senior manager, fund accounting for Capita Financial Administrators (Ireland) Limited in Dublin, said "Fund Recs was successful in our competitive trade capture RFP process, primarily for two reasons; fully understanding their clients' requirements and a user friendly solution that reduces manual risk. Fund Recs commitment to the process should enhance Capita's operational model. "

Having already secured initial investment from Enterprise Ireland since it was founded, Fund Recs is currently accelerating its business in Wayra, one of Ireland's leading digital start-up accelerators. Wayra provides early stage investment to start-ups as well as a dedicated state-of-the-art workspace, access to market leading experts and the channels-to-market necessary to accelerate commercialisation including favourable terms with leading technology suppliers.

* http://irishfunds.ie/fs/doc/statistics/stats-factsheet-april-2014-ppt.pdf

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For further information please contact:
Alan Meaney on alan@fundrecs.com

About Fund Recs
Find out more at www.fundrecs.com

About Capita Asset Services

Capita Asset Services' fund solutions business is part of Capita plc, a FTSE 100 company with market capitalisation of around US$12bn. The fund solutions business employs 550 employees servicing over 300 funds in the UK, Ireland, Luxembourg and the Channel Islands with over US$80bn of assets under administration at 30 September 2014.

Capita Financial Administrators (Ireland) Limited, regulated by the Central Bank of Ireland, is one of the fastest growing Irish fund administration companies specialising in the administration of both Irish domiciled funds (UCITS and non-UCITS) as well as funds domiciled in the Cayman Islands and the British Virgin Islands.

Padraig named Waterford Young Entrepreneur of the Year

We're excited to share that Fund Recs co-founder Padraig O'Scanaill has been named Waterford Young Entrepreneur of the year in the start up category. Padraig now progresses to the regional finals in Cork.http://www.waterfordchamber.com/index.php/about-waterford/2330-waterfords-best-young-entrepreneurs-win-investment-of-50000

Fund Recs profiled on Dow Jones Financial News

Fund Recs was profiled by Anna Irrera on the popular Financial News. You can view the article here: http://thetally.efinancialnews.com/2014/08/fn-fintech-focus-fund-recs/

Fund Recs whitepaper published on Hedge Fund Insight

"AIFMD Depositary: Developing an Operating Model", a recent whitepaper co-authored with Shane Brett of Global Perspectives, has been picked up and published on Hedge Fund Insight. You can view the article here: http://www.hedgefundinsight.org/about-hegdefund-insight/

Fund Recs at IFIA Annual Global Funds Conference 2014

We really enjoyed our day at the IFIA Annual Global Funds Conference. It was great to meet both old faces and new. A special thanks to Carol and the team at the IFIA for putting on such a great event. It was also humbling to hear Pat Lardner mention Fund Recs in his closing remarks.

Fund Recs announces investment from Enterprise Ireland

Fund Recs is delighted to announce that Enterprise Ireland has come on board as an investor in the company through it's Competitive Start Fund. Commenting on the news Co-founder Alan Meaney said "We're delighted to have Enterprise Ireland on as investors. It validates what we're doing with Fund Recs and Enterprise Ireland share our vision of combining the latest technology with the Funds expertise available in Ireland to create innovative solutions."

Fund Recs to host AIFMD Depositary breakfast briefing

Join us at our breakfast briefing to hear the latest AIFMD developments with a specific focus on the Depositary function.

There will be an opportunity to ask the panel questions after the final speaker.

Complimentary tea/coffee and pastries will be provided on the morning along with a goodie bag from Fund Recs.

Click here to grab a free ticket

Startup Story - Introducing Fund Recs

Fund Recs provides reconciliation software to Global Fund Administrators. Our software allows these companies automate the reconciliation of Cash, Position and FX holdings on the Funds they administer. We're providing an alternative to having this work carried out in low cost bases such as India and as an upgrade to legacy in-house systems. Read more...

Company finds its niche in funds industry

Signing up their first client earlier this month was a land-mark event for the founders of software start-up Fund Recs. Read more...

GUEST BLOG: New Year - time to start your own business?

By the end of 2013 Ireland's fund administration industry hit an all-time high of over �2.5 trillion in assets under administration, reinforcing its position as the number one hedge fund servicing centre in the world with 43% of global assets and also boasting the fastest growing UCITS domicile. Read more...

Fund Recs featured as a "New Innovator" in the Irish Times

Funds administration is a key part of the Irish financial services landscape. It's also a highly competitive industry with tight margins. According to Alan Meaney co-founder of start-up company, Fund Recs, this has led to an increased amount of routine processing work being outsourced to locations outside Ireland. Read more...

Fund Recs named Tech start-up of the week

Our start-up of the week is Fund Recs, provider of reconciliation software to global fund administration companies. Fund Recs provides an alternative to outsourcing reconciliation work to low-cost bases, such as India, and offers upgraded technology to replace legacy in-house systems. Read more...