Futu Trustee has agreed to adopt TrustQuay software as its trust administration platform and client portal.
Headquartered in Hong Kong, Futu Trustee is a subsidiary of fintech company and online broker Futu Holdings. It offers a suite of trust set-up, trustee appointment and trust administration services to private and corporate clients.
TrustQuay NavOne software will provide Futu Trustee with an end-to-end, scalable and secure front-to-back office trust management platform, adding transparency and control to reporting, data and information processes.
Futu Trustee has also adopted TrustQuay Portal, which allows end-clients to have a unified view across all their structures, including personal and corporate entities and wealth trust assets, with access from any device, anywhere at any time.
TrustQuay Portal will enable Futu Trustee to provide clients with a fast, fully automated onboarding experience, with a detailed audit trail to meet KYC and AML obligations.
Keith Hale (pictured), Executive Chairman of TrustQuay, said: “We are delighted to partner with Futu Trustee and look forward to collaborating to support their growth ambitions.
"New challengers such as Futu Trustee, who fully embrace digitalisation, are well placed to create a clearly differentiated proposition and win market share in the corporate services and trust market.”