Fund Administration is defined as “the set of activities that are carried out in support of the actual process of running a collective investment scheme”. If you strip this down to its most basic elements it basically leaves you managing someone else’s money for them. As soon as you start looking after someone else’s money priorities drastically change.

When you consider security with regards to development for Fund Admin applications it is difficult to not consider the ‘Security Triangle’ (shown below):

In an ideal world your project would sit dead in the middle of this triangle representing a perfect harmony of the 3 aspects; however this is rare because the sections do not always complement each other that well. When considering fund admin theme this becomes clear; obviously you want to protect the data as best you can from unauthorised access by malicious users and the best way of doing this would be to implement a strict multifactor login process. However by increasing security it means you are decreasing ease of use because the user has to go through all of this before they can even access to application.

There is always going to be a compromise between these factors and it’s down to the nature of the project you are working on that will determine how this is decided.  For more information on fund administration click here.