Malaysia-based asset management firm AHAM Capital has selected Temenos, a Swiss banking software provider, to implement its Multifonds global accounting solution.
Delivered as software-as-a-service (SaaS), the solution will transform AHAM Capital’s fund accounting platform.
The platform is expected to help AHAM Capital to drive scalable automation and support future growth in the Malaysian market.
Established in 2001 and majority-owned by CVC Capital Partners, AHAM Capital manages more than MYR88bn ($19.7bn) in assets under administration and offers over 160 funds.
The asset management firm caters to a diverse clientele, including corporates, institutions, pension funds, government-linked companies, high-net-worth individuals, as well as the mass-affluent segment.
AHAM Capital chief technology officer Allen Woo said: “Temenos’ fully automated solution empowers AHAM to streamline end-to-end operations, achieve high STP rates, and support our long-term expansion plans by enabling new products such as digital assets and ETFs.
“At the same time, it will enhance service quality and foster client growth in Malaysia’s fast-evolving financial markets.”
Following a rigorous evaluation and proof-of-concept process, AHAM Capital selected Temenos Multifonds for its ability to support the firm’s long-term expansion, said the Swiss banking software provider.
The solution’s multi-asset, multi-currency capabilities are designed to streamline AHAM Capital’s end-to-end operations.
Furthermore, Temenos Multifonds can support AHAM’s traditional business while also accommodating Islamic funds in line with Shariah standards. This is due to its flexibility in chart of accounts, posting rules, and naming conventions.
According to Temenos, the SaaS-based deployment of Multifonds will enable AHAM Capital to benefit from cloud-based flexibility, removing the need for in-house software maintenance.
The platform also provides connectivity to other applications through standard application programming interfaces (APIs).
Temenos Multifonds managing director Oded Weiss said: “As a recognised leader in the Malaysian asset management industry, AHAM sought a future-ready solution, and we are confident Multifonds SaaS will meet their aspirations.
“By enabling a truly client-centric asset management service, this partnership will support AHAM in driving innovation and accelerating business growth. We look forward to building a strong and fruitful collaboration with AHAM.”
