Vanguard Super Australia has started to use DLTA, a DLT-based back office solution for asset management developed by Australian firm Grow Inc.
The solution reduces manual processes, providing efficiencies from straight through processing. It enables fund and investor transactions to be tracked on a shared ledger.
According to Grow, it saves about 100 hours of weekly work in the back and middle office, and reduces errors that could otherwise turn off clients.
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