Fund operations often involve several parties and fragmented processes, making coordination between fund administrators, depositaries and banks challenging. BKO, Finologee’s platform for bank connectivity and operational oversight, supports secure and effective interactions between these key players, each working within clearly defined roles.

Smarter collaboration in fund operations for fund administrators, depositaries and banks with BKO
A clearer path for fund administrators

BKO gives fund administrators a consolidated view of their accounts across all banks. This removes the need to log into multiple banking systems. Payments can be created and approved based on the fund’s specific rules and workflows.

This helps administrators maintain control over cash positions, streamline internal approval processes and support operational tasks. Built-in reporting features support fund administrators with reconciliation, NAV validation and audit preparation.

Enhancing oversight for depositaries

BKO equips both non-bank depositaries and depositary banks with tools to supervise and validate fund activity. Non-bank depositaries can oversee transactions across custodian banks, while depositary banks can integrate BKO with their systems to monitor accounts they manage.

Each payment prepared by an administrator is forwarded to the relevant depositary for review, with all supporting information included. This supports compliance and reduces reliance on external communication channels. Fund administrators and depositaries can also request or share documents directly through BKO, keeping all exchanges secure and traceable.

Fund administrator to Depository to Banks
Reducing operational friction

Despite advances in digital tools, many fund operations still depend on manual processes and disconnected systems. These can cause delays and confusion.

BKO addresses this by replacing informal coordination with structured workflows where each stakeholder follows a defined role. Automated checks based on signatory rules help reduce errors and ensure proper review and approval processes.

A platform for collaboration

Though based on a single platform, BKO allows fund administrators, depositaries and banks to work independently within separate environments tailored to their needs. Administrators m a y focus on capital calls and payments, while depositaries use review and approval tools. These environments are fully segregated, maintaining confidentiality and control. BKO users can also interact with parties w h o are not on the platform when needed.

A modular & scalable model

With its modular design and dedicated environments, BKO supports a range of fund servicing approaches. It provides clarity in workflows while allowing each stakeholder to operate independently. For organisations working with different banks or service providers, BKO helps maintain coordination and meet regulatory requirements.

Rather than replacing fund accounting or core systems, BKO complements them by supporting data exchange, process oversight and approval workflows. It integrates with existing setups through APls, file import/export, and SWIFT messages, making it easy to incorporate into existing operations.

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