First solution in Japan to enable straight through processing for mutual fund and investment advisory operations
Nomura Research Institute (NRI), Ltd., a leading provider of consulting services and system solutions, today announced the availability of the enhanced SmartBridge Advance (SBA) solution, an order management system (OMS) for institutional investors. SBA is now able to integrate mutual fund and investment advisory operations’ execution processes.
In Japan, institutional investors need to use different mutual fund and investment advisory operations accounting systems for execution process management. As a result, firms often build their own end-user computing (EUC) solutions, which increases their system maintenance and operational costs. In order to alleviate this regional issue, SBA is Japan’s first solution to enhance the execution management process for mutual fund and investment advisory operations by building connectivity between its T-STAR/TX and T-STAR/RX offerings.
“We are continuing to develop solutions that provide our clients with global support,” said Shin Kusunoki, Corporate Senior Vice President and Financial Systems Division Manager, NRI. “As a market leader, NRI understands the unique complexities of Japanese regulations and can offer solutions to ease our clients’ concerns.”
A foreign asset management firm using SBA was able to reduce 30% operational burden and reallocated 20% of resources to other operations.
Delivered via SaaS, SBA supports cross-border trading by enhancing data connectivity with international branches. NRI partners with BBH Infomediary® service to allow for seamless connectivity between the firm and SBA, enabling companies to exchange execution management data internally, as well as with international sub-advisory firms. SBA also provides connectivity to the SWIFT network. In addition, SBA incorporates NRI’s robust business continuity plan (BCP) and disaster recovery service.