Albilad Capital, the investment arm of Albilad Bank, in Saudi Arabia selected IMSplus Custody to deploy in their newly created custodian services department so as to experience automation and compliance. Established in 2008, Albilad Investment Company "Albilad Capital" - licensed by Saudi Capital Market Authority - offers a range of investment services and solutions aimed at individual as well as institutional and corporate customers.
Following a thorough international vendor selection process, Albilad Capital selected IMSplus Custody to manage their newly created departmental needs so as to effectively address the requirements for multi-entity and multi-asset class custody processes including local and international network. Albilad is able to experience full trade life-cycle management with the set workflows, ensure control via the compliance rules engine, calculate fees and tax policies, simplify reconciliation and benefit from the parametric transactional and MIS reporting.
The communication with counterparties will be based on international standards using standard protocols and defined connectors, while ready to use interfaces are available for market data providers. Furthermore, Albilad Capital will be in a position to offer advanced custodian services to their clients by utilising IMSplus’ sophisticated portfolio reporting functionality and performance analysis features. Keeping up with the latest technology standards, Custody’s clients will be able to access anytime and from anywhere a range of services through the Web solution, enabling them to stay on top of their investments. The additional functionality provided was one of the reasons that Albilad Capital selected the IMSplus solution over competitive ones.