Standard Chartered bank adopts new enterprise-software solution

The Standard Chartered Bank (SCB) has selected enterprise-software solution Equitrak, from Vitech Sy

SCB will use Equitrak for investor servicing activities associated with its multi-market fund services business in Asia.

New York-based Vitech Systems Group is a provider of fund administration software.
SCB presently uses Equitrak for its regional private equity and hedge fund administration offering. SCB has decided to extend the use of the Equitrak application to support its Indonesian and Vietnamese markets.

Equitrak will be used by SCB for both its traditional and alternative clients covering shareholder registration, subscription and redemption processing, valuation maintenance, compliance monitoring, reporting and in a very high volume environment.