Hargreaves Lansdown Live with Calastone Settlement Service
Solution automates settlements for fund distributor
Funds transaction network Calastone has announced that fund distributor Hargreaves Lansdown has gone live with its settlement solution, Calastone Settlements.
Calastone Settlements automates the reconciliation and settlement process of investment funds, says the company, which adds that according to its own calculations, automation can save a fund manager up to 52%.
In 2015, an estimated £158 billion of settlement payments took place needlessly in the UK, says Calastone chief commercial officer
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