Bangalore: Datacons' Mfund/Dealing, the investment industry front-office product, has gone into live production at Unit Trust of India. Having already serviced UTI's back-office needs, Datacons has delivered a true end-to-end solution addressing UTI's investment activities, according to an official press release.

Mfund/Dealing provides operational support to all stages relating to the pre-trade area of investment activities. It covers secondary market, money market as well as primary market activities. Apart from operations support, Mfund/Dealing also offers effective pre-trade compliance checking capabilities. Mfund/Dealing incorporates a proprietary workflow design, which enables seamless flow of information across decision-makers, approving authorities and execution points, the release said.

"Mfund/Dealing is expected to deliver significant benefits in efficiency improvement, compliance adherence to UTI. This level of automation in the front- office area has been attempted for the first time in the mutual funds industry in India," Datacons CEO M S Chandrashekar said.

"This implementation will serve as a foundation from which effective straight- through processing can be launched. With this, Datacons has enhanced the coverage of its Mfund Suite of products addressing the fund management industry. Datacons plans to embed SWIFT messaging capabilities in their products," he added.