ZILO launches technology platform for transfer agency services

By Gloria Methri

ZILO, the UK-based FinTech company, has launched its SaaS technology platform for global transfer agency services. ‍The company aims to transform the global transfer agency market by improving the technology of custodian banks and outsourcing organisations, thereby enabling them to offer more efficient services to their asset and wealth manager clients.

The go-live of ZILO is expected to facilitate the move of the traditional outsourcing firms from legacy technology and operating models into a more efficient and substantially more cost-effective operating platform.

ZILO’s SaaS technology offers clients a global cloud-based Transfer Agency solution, delivering a single consistent platform across multiple jurisdictions. This is a departure from some legacy solutions which can be more monolithic with a narrower jurisdictional focus.

Launching first in the UK, for the benefit of global and regional organisations based there, ZILO is continuing the expansion of its global platform with fund coverage that will include Luxembourg, Ireland, and Asian capabilities in 2024.

“The more we have spoken with potential customers, the more they have re-iterated the need for innovation in technology, services, and costs for this part of the industry”, said Andrew Wilson, Chief Commercial Officer.

ZILO was founded in 2020 by Phil Goffin, a serial FinTech innovator. The company has grown comprising experienced financial industry talent across all disciplines. ‍

Phil Goffin, Chief Executive Officer of ZILO, said, “We are excited to have gone live with ZILO’s new technology following three years of extensive research, significant investment, and independent product development.”

“We have a highly experienced and skilled technical team, based in the UK and Asia, that has built an entirely new modular system so we can work with Custodian Banks, other servicing organisations, and those scale Asset Managers that favour technology solutions versus outsourcing, creating a new platform of choice for the industry.”