Asset management arm of the leading life insurer in Vietnam utilizes PORTIA's comprehensive software solution for their business expansion, enhanced regulatory compliance and reporting
WINDSOR, Conn., Aug. 31, 2016 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), a global provider of financial services software and software-enabled services, today announced Dai-ichi Life Vietnam Fund Management has gone live with SS&C PORTIA to support its middle- and back-office investment operations.
Dai-ichi Life Vietnam Fund Management, the wholly-owned subsidiary of Dai-ichi Life Insurance Company of Vietnam, needed a proven investment management solution to support their business expansion and evolving compliance and reporting requirements. The firm saw an opportunity to enhance its technology by choosing a solution to automate its investment recordkeeping, data management, reporting, compliance, and auditing. With PORTIA, the firm can streamline asset growth and onboard new investment products.
"Our AUM is increasing rapidly with high growth of life insurance business, while Vietnam is continually refining its regulatory reforms. In response to our business requirements, and these regulatory and fiduciary pressures, we needed a technology solution to scale as market and business needs change," said Takashi Fujii, Chairman, Dai-ichi Life Vietnam Fund Management. "We chose PORTIA for multiple reasons including ease of use, the ability for the company to grow with the solution, proven track record in the region, and the flexibility to meet our evolving regulatory reporting obligations."
"We are delighted to add Dai-ichi Life Vietnam to our growing list of investment managers in Asia," added Christy Bremner, Senior Vice President and General Manager, SS&C's Institutional & Investment Management division. "As regulatory reporting obligations become more complex, PORTIA provides a single, streamlined investment management solution to help investment managers accelerate growth while managing operational risk."
PORTIA provides a broad set of middle-to-back office capabilities to allow investment managers to track and manage the day-to-day activity in investment portfolios to support global accounting requirements. Offered on a deployed and hosted basis, the solution supports a wide range of functions including corporate action processing, internal reporting, client reporting, regulatory reporting, performance measurement and attribution and post trade compliance. PORTIA also provides a complete audit trail of all activities and robust security controls.
About SS&C Technologies
SS&C is a global provider of investment and financial software-enabled services and software for the global financial services industry. Founded in 1986, SS&C is headquartered in Windsor, Connecticut and has offices around the world. Some 10,000 financial services organizations, from the world's largest institutions to local firms, manage and account for their investments using SS&C's products and services.
Additional information about SS&C (Nasdaq: SSNC) is available at www.ssctech.com.
Follow SS&C on Twitter, Linkedin and Facebook.
The SS&C Technologies logo is available at www.globenewswire.com/newsroom/prs/?pkgid=8587
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/dai-ichi-life-vietnam-fund-management-goes-live-with-ssc-portia-300320999.html