National Bank of Canada selects Multifonds for accounting modernization

National Bank of Canada has selected Multifonds to modernize its fund and ETF accounting infrastructure. The bank aims to consolidate work currently handled across separate, siloed systems into a single platform.

The Multifonds Global Accounting platform will provide a unified environment for valuation, Net Asset Value (NAV) calculation, and ETF administration. The system is designed to process data in real time and utilize exception-based workflows to allow operations teams to focus on records requiring manual review.

By implementing this technology, National Bank expects to reduce manual steps, improve oversight, and facilitate faster product onboarding. The bank's administration services include transfer agency, ETF basket creation, financial statements, and tax support.