Fund Recs in Capita deal

A Dublin-based start-up has signed a major contract with Capita Asset Services — part of one of the world’s leading professional services firms Capita Plc.

Under the agreement, Fund Recs — which develops cloud-based reconciliation software for the funds industry and which is based out of the Dublin Institute of Technology Hothouse — will provide trade processing for Capita’s fund business in Ireland.

Commenting on the deal, Fund Recs director, Alan Meaney said: “We are excited to be working with Capita Asset Services and are delighted they’ve chosen Fund Recs as their trade processing solution.