SINGAPORE, July 13 --
- Investment Bank Implements Core Banking Module in Asia
SAGE, the rising publisher of banking solutions, is pleased to announce that a
large international financial firm has gone live with Prospero’s core
banking module for its Asia branches. The client is one of the leading
investment banks in the world with a significant share of the Asian wealth
management market.
SAGE’s Prospero core banking solution provides the client with the
platform for accounting and booking security trades, cash, and security
transfers. Prospero included the complex posting of the Singapore ACU/DBU, GST
reporting and real-time interface with the client’s trading systems.
This is the first implementation of Prospero in Asia and confirms the presence
and commitment of SAGE in this region. Singapore has now become the most
important hub for SAGE after Switzerland to serve and support its clients in
Asia.
Patrick Rotzetter, Chief Business Development Officer for SAGE, states:
Prospero’s thorough core banking solution is providing our client
cost-efficient brokerage services to its customers. Prospero also assisted our
client in drastically reducing the overall costs of its brokerage operations by
streamlining their processes.
About Prospero
Prospero is a revolutionary financial software that integrates front-, middle-
and back-office systems, thereby filling all needs of portfolio managers,
brokers, traders and other financial professionals, such as risk and operations
managers. Prospero has multiple modules which cover all aspects of financial
operations including Asset Management, Core Operations, Credit Management and
Loans, Fund Administration, Independent Asset Management, Private Banking,
Trading and Treasury. Modules can be implemented separately or as an integrated
whole-and all will interface with a legacy system as part of a best-of-breed
approach. Simply explained, Prospero allows financial professionals to focus on
what they do best: managing money, not systems.
About SAGE
Prospero is a product of SAGE SA, a Switzerland-based software development
company that specializes in servicing the financial industry. Established in
1986 and headquartered in Lausanne, it has offices in Geneva, Dubai, and
Singapore. For more information, visit http://www.sage.ch.
For media inquiries, please contact:
Mr. Tarek Hamdan, CMO for SAGE, at tarek.hamdan@sage.ch or +41-21-653-64-01.
SOURCE: SAGE
Mr. Tarek Hamdan, CMO for SAGE, at tarek.hamdan@sage.ch or +41-21-653-64-01.
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