Platform provider OneVue has signed a memorandum of understanding with computer hardware and software provider Oracle to develop an end-to-end fund services offering pitched at overseas investment managers and custodians.
The deal is part of OneVue's ongoing efforts to expand its offering beyond local markets with OneVue stating it would go global by working with Oracle's Flexcube banking and financial services software systems.
OneVue Group chief executive Connie Mckeage said the deal with Oracle would enhance OneVue's capabilities as a fund services provider at a time where cross-border opportunities are growing.
Oracle Vice President and Head of Sales for Japan and Asia Pacific, Venky Srinivasan said that OneVue had existing industry expertise and servicing capabilities that could be combined with Oracle products and global reach to assist the two group's mutual customers.
The move caps off a busy year for OneVue in which it signed a platform deal with the Eureka Report, acquired Select Asset Management, Map Funds Management and Super Managers Australia.