Profile Software announces automated custody platform and mobile tech

Rick Steves

The upgraded version of Axia Custody offers advanced functionality for multi-custodian operations across borders for a competitive multi-channel international-level client experience.

Profile Software has upgraded its automated custody platform, Axia Custody.

Axia Custody supports post-trade processing for Global Custodian, Sub-Custodian, Agents, and Mutual Fund Custodian delivering fully (STP) automated, 4-way matching and settlements.

The platform ensures improved communication among Market, Local Brokers, International Brokers, International Broker Agents, Sub-Custodians, and Clients.

Using a 2-Way SWIFT (SMPG standards) messaging, the system covers SWIFT-based automated corporate actions with more than 70 CA events and making available automatic initiation through custodian incoming SWIFT thus avoiding user intervention.

Axia Custody also supports 2-Way Allegement functionality, while making flexible billing and fee policies available for customers as users can streamline their processes and automate the matching and settlement regardless of the country of operations.

The platform indeed supports local and cross-border markets and covers holding breakups for multi-depositories, multi-currency, and multi-entity accounts.

The firm’s clients can modify and access their account’s positions directly, get reports and place settlement instructions through an intuitive user interface that offers numerous widgets, multiple input options (SWIFT, Excel/File, etc.), secure messaging and easy to navigate screens, according to Profile Software.

Integrating market data providers’ platforms (Bloomberg, Refinitiv, etc.), Axia Custody supports any core banking platform via its open architecture and standard APIs.

The upgraded version of Axia Custody offers advanced functionality for multi-custodian operations across borders for a competitive multi-channel international-level client experience.

The platform has also become more flexible, with configurable workflows, customizable dashboards and reports (scheduled and ad-hoc), for a competitive omni-channel experience.

Profile Software has recently launched Finuevo, its new Digital Banking mobile-first platform offering a modern experience to end-users across channels addressing the needs of Banks, FinTech firms, Financial Organisations and EMIs.

The platform supports fast time to market, multi-layer security, fully automated CI/CD, easy-to-use API connections, self-service onboarding, and personalization of services.

For the organization the use of themes creates a powerful branding concept. The system offers readily available connections to major banking platforms so as to deliver seamless integration and interoperability across departments.

The company has its development hub experimenting with Artificial Intelligence (AI), Machine Learning (ML), Robotics Process Automation (RPA), Blockchain, and Augmented Reality.

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