State Street has appointed Australia’s LAB Group to introduce electronic investor onboarding capabilities for its fund manager clients in Australia. With LAB Group’s platform, investor registration will be accelerated and electronic identity verification for individuals, companies and trusts will be enabled. The LAB process uses numerous Australian government and other verified databases, supported by dynamic online forms, multi-party digital signing and document upload facilities.
The enhanced State Street transfer agency platform will offer its fund manager clients the flexibility to build bespoke white label forms, which their investors can access directly from their websites. State Street’s fund manager clients will be able to view both “in progress” and submitted investor applications to monitor incoming fund flows.