UMB Integrates Temenos Multifonds for ETF Valuations
The integration looks to modernize and automate UMB's exchange-trade funds business.
The technology suite is used to calculate both the net asset value and the value of ETF baskets. It is designed to consolidate fragmented, manual ETF systems into a single accounting and operations interface, mitigating reconciliation and latency issues.
“The Temenos partnership will allow us to offer the fund accounting portion of ETF servicing, which is a service we did not offer before,” says Maureen Quill, president of UMB Fund Services. “We look at things from a worldwide perspective, and
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