In a statement released by OneVue yesterday, the investment platform provider said it has signed a memorandum of understanding with Oracle to deliver an end-to-end fund services offering to global investment managers and custodians.
“The relationship is designed to support the goal of taking OneVue global, with Oracle’s FLEXCUBE product leadership and investments,” a statement from OneVue said.
OneVue Group chief executive Connie McKeage said working with Oracle can enhance OneVue’s capabilities as a fund services provider at a time where cross-border opportunities are growing.
“Our offering can provide a flexible, functionally rich product to help clients focus on their core objectives of product innovation and customer centricity,” Ms McKeage said.
Oracle Financial Services vice president and head of sales for Japan and the Asia Pacific Venky Srinivasan said the partnership with OneVue will be able to assist investment managers and fund administrators reduce costs, simplify their operations and manage risk more effectively.
“OneVue’s industry expertise and servicing capabilities combined with Oracle FLEXCUBE’s product capability and global acceptance can help our mutual customers across the region drive growth across borders,” Mr Srinivasan said.
