The Bank of New York has soft launched an enhanced version of the Rufus fund administration system....
The Bank of New York has soft launched an enhanced version of the Rufus fund administration system. Rufus, which is used by around 25% of the retail funds industry, can now accept partial Pep transfers. In addition the bank is to bring in a consultancy service to help fund managers make full use of the improvements. Roger Townsend, managing director of Bank of New York's software house, said the group is looking to use its experience as a third party administrator and software developer to offer a more commercially focused service. He added: 'The consultant service will become a distinc...
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