Nomura Research Institute, Ltd. (NRI), a leading provider of consulting services and system solutions, today announced that the launch of FundWeb Transfer, a Software-as-a-Service (SaaS) messaging hub that enables electronic communication between distributors and investment companies, allowing them to exchange net asset value (NAV) and trading data for mutual funds. In addition, Nomura Securities has become the first client to use the solution.
Delivered via SaaS, FundWeb Transfer is highly reliable and securely managed in NRI's datacenters, which provide business continuity planning (BCP) and security to reduce the clients' burden of maintaining and operating the system. In addition, FundWeb Transfer utilizes world holiday calendars to alert clients when the market is not trading and allows them to use the data to check mutual fund trading, reducing fax or e-mail messages to mitigate overall operational risk.
"NRI is committed to continually adding new functionality and improving our data infrastructure to contribute to the overall development of the mutual fund industry," said Shin Kusunoki, Corporate Senior Vice President and Financial & Asset Management Systems Division Manager, NRI. "Through our launch of FundWeb Transfer, NRI is meeting the growing demand from clients and the industry for an efficient solution to improve the transfer of mutual fund data."
By leveraging the FundWeb Transfer solution, clients will gain additional straight-through processing (STP) by connecting with NRI's solution for mutual fund sales by banks, BESTWAY/JJ, as well as reduce manual operations through STAR, NRI's back office system for brokerages. T-STAR/TX, the back-office solution for asset managers and trust banks, can also be leveraged using FundWeb Transfer.