KOGER launches open source client portal

KOGER has launched open-source client portal for financial institutions, asset managers, and fund administrators.

The financial services software provider said the new portal works in tandem with the systems financial firms already have in place. It interfaces with all systems and offers complete functionality with full operational transparency, meaning firms can deploy with their current technology.

“With our technology, financial firms don’t have to build their own client-facing portal. We provide the code and firms can use it as an overlay with their existing systems,” said Ras Sipko, KOGER’s COO.

“You no longer need to be a user of the KOGER platform in order to take advantage of our client portal offering. Because it’s open source, financial institutions, fund managers, and administrators can now conveniently integrate it into their own platform to enhance customer service and increase transparency, with a considerable reduction in cost and implementation time,”

KOGER is best known for a providing a platform for investor services, compliance, and business process management. Its technogoly supports more than 8,000 investment funds with $2trn in assets. Its solutions include AML, KYC & Customer onboarding, automated order and payment processing, workflow management, pension administration, and FATCA & CRS compliance, among others.

The company claims its software, dubbed KURE, is the industry ‘gold standard solution’ for financial crime prevention and anti-tax evasion. KURE FATCA and CRS compliance functionality provides a single source of truth that delivers automation to provide financial institutions with a robust, future-proof, comprehensive, and defined compliance strategy. It is used by HSBC, MUFG, SEI, BNP Paribas, BNY Mellon, and Calastone, among others.

Earlier this year, KOGER updated its private equity administration platform. The company has updated the platform to manage the entire investor process, including automation of the distribution waterfall. It handles comprehensive PE processes, from customer relationship management to investor allocations and automation of the waterfall, as well as reporting, regulation and compliance.

Copyright © 2018 RegTech Analyst

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