Citi Securities Services partners with Temenos Multifonds to streamline fund services worldwide to enhance consistency in financial operations.

In a groundbreaking move set to redefine the landscape of global fund operations, Citi Securities Services has announced a strategic alliance with Temenos Multifonds, heralding a new era of efficiency and consistency in the financial sector. The collaboration, unveiled on May 8th, signifies a bold step towards embracing Software as a Service (SaaS) solutions for managing fund operations on a global scale.

With a commitment to delivering unparalleled end-to-end services for asset managers worldwide, Citi Securities Services is leveraging the power of Temenos Multifonds to consolidate its regional fund accounting operations into a unified global operating model. This transition, facilitated through Multifonds' cutting-edge SaaS platform, promises to streamline processes across continents while setting a new standard for operational excellence.

The decision to embrace SaaS technology represents more than just a technological upgrade for Citi Securities Services; it embodies a steadfast dedication to achieving global consistency and efficiency in client delivery. The longstanding partnership between Temenos Multifonds and Citi Securities Services, spanning over two decades, underscores the trust and value shared between the two entities. This program is a natural part of the evolution of moving into SaaS, where our clients can achieve greater efficiencies and economies of scale to deliver better and faster data and services to their clients.