Integrity Viking Funds Modernizes Accounting with FIS, Signaling Shift in Asset Manager Tech
Event summary
- Integrity Viking Funds has selected FIS Investment Accounting Manager to modernize its investment accounting infrastructure.
- FIS’s Investment Accounting Manager is a SaaS-based solution designed to handle complex investment strategies, including alternative assets and derivatives.
- Shelly Nahrstedt, Treasurer at Integrity Viking Funds, stated the previous platforms lacked the robustness to support their fixed income strategies.
- FIS emphasizes the solution's ability to integrate with other platforms and improve operational efficiency.
The big picture
Asset managers are increasingly facing pressure to manage complex investment strategies while maintaining operational efficiency and transparency. This partnership highlights a growing trend of mid-sized firms seeking enterprise-grade technology solutions to avoid being constrained by legacy systems. FIS’s win demonstrates its ability to target a segment often underserved by larger, more expensive platforms, potentially disrupting the investment accounting market.
What we're watching
- Competitive Landscape
- The adoption of FIS’s solution by Integrity Viking Funds may pressure other investment accounting software providers to offer more flexible and cost-effective options, particularly for mid-sized asset managers.
- Implementation Risk
- The success of this modernization hinges on FIS’s ability to seamlessly integrate its solution with Integrity Viking Funds’ existing systems and workflows, which could present unforeseen challenges.
- Strategy Expansion
- How Integrity Viking Funds leverages the new platform’s capabilities to expand into more complex investment strategies will indicate the true value of the technology upgrade.
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