Puritas enters Irish fund services market following Dublin-based migration

Ireland’s fund services market continues to expand, but with that growth comes increasing operational pressure. For many fund administrators, the challenge isn’t just scale. It’s ensuring their systems can support evolving client requirements without adding complexity or manual workarounds.

Puritas has recently completed a system upgrade and data migration for a global fund administrator based in Dublin, marking our entry into the Irish fund services market.

The engagement was focused on a migration to our PureFunds platform, driven by the need to support functionality that wasn’t available within the client’s existing setup. Alongside this, a number of integrations and process improvements were introduced to better align day-to-day operations with current industry standards.

This wasn’t a large-scale transformation programme. What it reflects is a more common shift taking place across fund administration, where targeted technology changes are used to address specific operational gaps rather than wholesale system replacement.

How embedded delivery improves project outcomes

From the outset, delivery was structured around close collaboration between teams. Working alongside our client’s business and technology leads, and in partnership with Actuare on key integration points, enabled faster decision-making and clearer alignment on priorities.

Being on-site during key testing and deployment phases streamlined issue resolution and maintained momentum. This matters more than it sounds. It often determines how smoothly projects like this run, particularly where timelines are tight and dependencies are high.

Streamlining core processes to handle higher volumes of work and unlock greater business growth

Several core processes have been streamlined as a result of the migration, reducing manual intervention and improving consistency.

Deal processing:

Transaction processing and settlement now operate with high levels of straight-through processing, supported by connectivity across platforms such as NSCC Fund/SERV, Swift MX, Calastone, Clearstream Vestima and Euroclear FundSettle. Working closely with Actuare, these integrations help create a more consistent and automated trade lifecycle.

Investor setup:

Account transfers have been simplified, with NSCC Networking enabling more structured, rule-driven workflows for account setup and movement. This reduces both processing time and the potential for error.

Holding and transaction statements:

By adopting the latest Swift messaging standards (such as semt.002 and semt.006) as well as supporting older messages (MT535 and MT536), the business has been able to automate the distribution of transaction and holding statements, reducing reliance on manual processes.

Dividend notices and confirmations:

Extending this approach to corporate actions, the use of Swift messaging (such as MT564 and MT566) has enabled the automation of dividend notices and confirmations, helping to streamline communications and ensure information is delivered in a more timely and reliable way.

Payments and settlement:

Payments and settlement processes have been aligned with industry guidelines, including ISITC standards, alongside the latest Swift messaging developments such as FINplus and CBPR+. While these changes are largely behind the scenes, they enhance visibility, consistency, and the efficiency of cash movements.

Individually, these are incremental changes. Collectively, they create a more stable and scalable operating environment, one that is better equipped to support both existing activity and future growth.

What this tells us about fund administration in 2026

This delivery represents a first step for Puritas within Irish fund services, but it reflects the kind of change many administrators are navigating. Rather than pursuing large-scale transformation for its own sake, firms are increasingly focusing on targeted improvements. They address specific gaps, introduce automation where it adds value, and ensure their systems can support evolving client expectations.

As the Irish market continues to grow, that balance between stability and adaptability is likely to become even more important.

If you’re exploring a similar approach, you can learn more about how Puritas supports fund administrators on our website or GET IN TOUCH for a conversation.

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