Singapore launches fund automation drive
Initiative to help cut fees by improving SingaporeÆs lagging use of automation in processing mutual funds.
SingaporeÆs vision of becoming an Asian fund centre received a boost yesterday, with several parties making a commitment to improve the city stateÆs operational environment and adopt fund processing automation. At a ceremony at the Raffles Hotel, a memorandum of understanding (MOU) was signed between the Investment Management Association of Singapore (Imas), the E-Finance Services Technical Committee and Swift. The goal of the MOU will be to promote the local fund industryÆs adoption …
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