About Us

With nearly five decades of experience, IFDS partners with asset managers, banks, insurance companies, and other financial services firms, addressing complex issues like data management, compliance, and scalability. Our solutions are carefully designed to streamline operations, reduce costs, and enhance the experience for our clients’ distributors and investors – building trust every step of the way.

At IFDS, we don’t just help clients navigate today’s financial complexities, we help them thrive. Backed by multimillion dollar global enterprises, our commitment to innovation and excellence enables organizations to optimize processes, reduce risk, and stay ahead in an ever-evolving regulatory landscape.

By the numbers

1,700+

Staff and partners located in Toronto, Europe and Asia-Pacific

25%

Of our employees have been with us for over 10 years

9

IFDS is represented on nine industry groups and associations

More than CA$5 trillion

Assets Under Administration

Over 18 million

Active Fund Accounts

ISO 27001 and ISO 22301

Certifications for our Information Security Management Systems and Business Continuity Management System

See how IFDS’ journey has unfolded

1977

Our story began when our predecessor company was founded.

1993

Our predecessor company was acquired by DST Systems and renamed DST Canada.

1994

A full transfer agency business, CFDS Ltd. was created from a joint venture between DST Systems and State Street.

1996

Our technology evolved to include functionality for segregated funds.

1999

DST Canada & CFDS Ltd. merged.

2001

Our company was renamed International Financial Data Services (Canada) Ltd. IFDS introduces iFast™ brand to the world for our propriety record-keeping technology. IFDS introduces iFast™/Desktop, our graphic user interface to iFast™.

2005

IFDS introduces iFast™ Web, our browser application giving financial institutions real-time access to account information in iFast™ via a secure online environment.

2008

IFDS introduces eDocs for real-time viewing of contribution receipts, tax slips via iFast™ Web. IFDS invests in modernizing mailroom centre, starting with Touch Screen classification technology.

2009

IFDS introduces Smartforms, a technology that enhances processing efficiency.

2011

Enhanced cheque processing further advances IFDS mailroom centre.

2012

IFDS launches deposit servicing.

2014

IFDS introduces iFast™ Web (Plus), a more robust, multi-browser application promoting greater efficiency and ease of access to advisor and account information in a secure online environment.

2017

DST Systems acquires remaining interest in BFDS and IFDS UK from State Street. IFDS Canada, Ireland and Luxembourg remain 50/50 joint ventures between DST Systems and State Street.

2018

SS&C Technologies acquires DST Systems. IFDS Canada, Ireland and Luxembourg remain 50/50 joint ventures between SS&C Technologies and State Street.