July 7, 2022, Stockholm – Leading Stockholm-based depositary service provider GOT YOUR BACK (GYB) and regtech company Depowise announced a long-term strategic technology partnership to further accelerate GYB depositary’s growth. Depowise’s AIFMD depositary solution will help GYB to transform and digitalise depositary business processes with an aim to increase operational efficiencies, being one of the innovation oriented depositary providers adopting Depowise tech solution in Europe.
Joakim Sjöberg, Managing Director, GYB, said: “ As an important step in our growth as depositary, we are now making more of our depositary operations automated. We are thrilled to start cooperating with Depowise as a system provider with a technology system that enables us to tailor to our needs and make our oversight tasks more efficient.”
Artur Reiter, Co-Founder & CCO, Depowise, said: “We are delighted to join GYB in their growth journey by further automating and digitalising their depositary operations with Depowise’s innovative modular platform. Having established ourselves as a leading technology provider in Europe for AIF and UCITS depositaries with deep expertise in the field, we are incredibly proud of this partnership. We look forward to collaborating with GYB’s highly skilled depositary team.”
GYB, a leading Sweden-focused service provider, is adopting Depowise’s technology solutions, including
- Cashflow Monitoring
- Investment Compliance Monitoring
- Reconciliation Platform
- Ex-custody Asset Register
- Investor Oversight Monitoring
- Work-flow Engine
- Reporting Platform
About GOT YOUR BACK
GOT YOUR BACK provides fund administration services, depositary services and corporate services in Sweden since 2018. GYB also manages foundations and assists with other advanced administration where competences in law and finance are required. GYB regularly work in transactions where responsiveness and flexibility are of the utmost importance. See more about GYB at gotyourback.se
About Depowise
Depowise is a global investment operation, and compliance solution uniquely positioned to solve some of the most sophisticated challenges customers face in the asset servicing and management industry. With ever-increasing regulatory pressure and tightening of margins, Depowise can enhance the company’s target operating model by reducing operational inefficiencies and risks and optimizing costs. Ultimately, allowing you to scale the business and focus on what matters the most – customers. Discover how Depowise can help you at depowise.com
