MaplesFS Ranked on Institutional Investor Tech 50 List for Fourth Consecutive Year
For the fourth consecutive year, MaplesFS’ Chief Information Officer and Global Head of Fund Services, Tyler Kim has been ranked on the Institutional Investor Tech 50 List. The annual report– compiled by the publication’s editors and staff, with nominations and input from industry participants and experts – highlights the financial technology visionaries and innovators who are relating the macro effects of technology-driven change to their organisations' and clients' on-the-ground challenges and working to shape the future of financial services.
MaplesFS was recognised for specific achievements over the last year, including: the robust architecture that has allowed the firm to bring various core functions in-house; its commitment to breaking down administrative and middle office product silos; advancements in services to support international regulatory requirements such as the Alternative Investment Fund Managers Directive ("AIFMD") and the Foreign Account Tax Compliance Act ("FATCA"); and its establishment of on-the-ground operations in North America to better service onshore funds and capitalise on emerging opportunities, such as those in peer-to-peer lending.
Grounded as it is in information, financial services has unquestionably become a technology business. Backed by a philosophy centred on continuous innovation and forward thinking, MaplesFS has embraced this approach to transform the traditional fund services model. A standardised approach to outsourcing no longer applies and the firm has developed an optimal balance of best-of-breed core systems with bespoke proprietary technology that allow it to be dynamic in responding to clients' needs as they evolve.
As high-tech advances continue to permeate society, MaplesFS recognises the importance of understanding the strategic implications and innovating accordingly.
"With as rapidly as our industry changes we need to have a holistic offering and are thinking more about the broader client set and how we can better service them. We see ourselves not as a mix of old and new businesses but rather one business that needs to evolve and serve markets in new ways," said Kim. "We’re proud of this recognition and look forward to continuing to foster our culture of innovation to further develop and diversify our service offering."
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