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Showing 1 - 10 of 22 results for "MFA"

Count renews Iress contract

KARREN VERGARA  |  MONDAY, 6 MAY 2024
... into the UK and Other units. "In the Other division we've made significant progress on asset sales. We've sold the MFA (Managed Funds Administration) and Platform businesses, and we have a binding agreement to sell the UK Mortgages business which ...

Iress sells platforms business

KARREN VERGARA  |  MONDAY, 26 FEB 2024
... superannuation, non-superannuation, and custody and administration. Last October, Iress sold its managed funds administration (MFA) business to SS&C for $52 million. Iress took over OneVue, which provided administration platforms for managed funds, superannuation ...

Iress reports $137m loss in 'challenging year'

ANDREW MCKEAN  |  WEDNESDAY, 21 FEB 2024
... has made significant strides this year in capital repatriation through asset sales and debt retirement. Notably, the sale of MFA in October generated $50.5 million in gross proceeds and the sale of the Platform business is on course for completion by ...

Iress upgrades earnings guidance, accelerates transformation

ANDREW MCKEAN  |  THURSDAY, 30 NOV 2023
... including a decision to segment its operations and focus on specific areas. This restructuring, which involved the sale of MFA and will soon include the Platforms business, with the intent to allocate the proceeds toward reducing net debt. Notably, net ...

Iress completes $52m sale of MFA business to SS&C

ANDREW MCKEAN  |  TUESDAY, 3 OCT 2023
Iress has finalised the $52 million sale of its Managed Funds Administration (MFA) business to SS&C, while also kicking off the divestment process for its Platforms unit. In August, the financial services software company revealed that SS&C would acquire ...

Iress sells MFA business, reports $140m loss

CASSANDRA BALDINI  |  MONDAY, 21 AUG 2023
... debt as it progresses its transformation project. Reporting its half-year results today, Iress announced it will offload the MFA business to SS&C Technologies for $52 million. Proceeds from the sale will be used to pay down debt, with platform divestment ...

Iress outlines product-led growth strategy

ANDREW MCKEAN  |  FRIDAY, 5 MAY 2023
... includes a headcount reduction of 10% by June 2023 and a divestment of non-strategic assets, beginning with the company's MFA and Platforms businesses. Iress will instead prioritise investments in its core Australian franchises, focusing on wealth ...

Iress unveils major restructure, new leadership

ANDREW MCKEAN  |  THURSDAY, 20 APR 2023
... organisational structure" would result in a 10% reduction in headcount. Iress also announced that it will divest from its MFA and platform businesses after determining they're not strategically aligned to the future direction of the company. This ...

HUB24 tops platform rankings

CASSANDRA BALDINI  |  MONDAY, 27 FEB 2023
... are adopting "staged approaches" to bolster cybersecurity. "2022 saw all platforms implementing multifactor authentication (MFA), but we believe this is only the beginning," added McGivern. "Some providers are already exploring behaviour-based alerting ...

Active Super revamps digital experience

JAMIE WILLIAMSON  |  WEDNESDAY, 13 OCT 2021
... of personal data. Active Super is the first of Link's clients to launch such an offering, which uses Sitecore CMS and Okta MFA. The new app has all the same functionalities as the online portal, as well as Face ID access and the ability for members to ...
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