Schroders Indonesia praises Deutsche's STP fund-admin solution
The bank's recently launched STP fund-administration and custody service in Indonesia is simpler to use than other offerings, says Dewi Aviany.
Deutsche Bank last week formally launched an automated straight-through processing (STP) fund-administration and custody solution in Indonesia, which has received a warm welcome from asset managers in Jakarta.
Despite the prevalence of manual processes in the Indonesian fund-management industry, several firms in Indonesia are already using the solution, says the German bank. They include BNP Paribas Investment Partners, Schroder Investment Management and Manulife Asset Management, as…
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