Zilo chosen by State Street for the launch of UK transfer agency service
ZILO, the UK-based FinTech specialising in global asset and wealth management software, is pleased to announce that it has supported State Street in the successful launch of its transfer agency offering in the UK and the onboarding of its client, River Global.
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This underscores ZILO’S continued success and momentum in transforming transfer agency operating models, driven by our commitment to innovation, increased operating efficiencies and improved client servicing for asset and wealth managers.
State Street was a Series A investor in ZILO and has provided continued support in the development of the technological platform.
Phil Goffin, Founder and CEO of ZILO™, said, 'I am very pleased to be announcing this successful collaboration with State Street. Through the ZILO™platform, global custodian banks can create optimised, efficient and transparent transfer agency services that enhance workflow and deliver digital-first customer experiences in a world currently limited by legacy technology platforms.
‘We appreciate State Street’s early confidence in our technology as a strategic investor and their trust in ZILO. It has been a pleasure to work with State Street and the River Global team and we look forward to further successful collaborations in the future.'
Donna Milrod, global head of product, State Street, said: ‘Transfer agency is the gateway to investors and distributors, and ZILO™’s cloud-based and AI-enabled technology helps significantly reduce friction in the distribution process, providing a superior digital-first user experience, complementing our existing back-office offering. We are pleased to welcome River Global as our first client of our re-entry to the UK transfer agency market.’