Third Party Fund Administration
Third Party Fund Administration is a Windows-driven electronic system that allows administrators such as attorneys, accountants and stockbrokers to perform basic banking transactions on behalf of their clients.
Third Party Fund Administration provides a platform for you to perform the following activities on your clients’ banking portfolios:
- opening of accounts
- electronic funds transfers
- inter-account transfers
- online reporting
- viewing, downloading and printing month end statements
- cheque withdrawals
- closing of accounts
- automated fee collection
Features and benefits:
- Access levels and segregation of duties for operators allow you to decide who does what on the system
- All access and activity is tracked, giving you a record of operator usage
- Client’s banking transactions can be conducted directly from your premises, even outside of normal banking hours
- The module is easy to use
- World class system security is ensured through the latest data encryption
- Client fee billing is simple and efficient
On-site training is provided for all new users, either on a one-on-one basis, or in small groups.
How to access Third Party Fund Administration
The module can be accessed using any Internet Service Provider (ISP). However, access via one of Standard Bank's preferred suppliers, AT&T Global Network Services or Telkom CyberTrade, ensures:
- enhanced security through direct information transfer using a virtual private network (VPN),
- a closely monitored relationship subject to operational service level agreements.
Contact your Standard Bank representative to help you determine the exact requirements for your business and create the necessary profiles.
|
