3rd October 2018

Stock exchange business chooses Microgen 5Series

The Jamaica Central Securities Depository Limited (JCSD), a wholly owned subsidiary of the Jamaica Stock Exchange, has selected Microgen 5Series to manage its existing fund administration processes and to provide a platform for new service growth.

5Series was chosen as it has the flexibility to meet JCSD’s extensive functional and compliance needs, and to increase operational efficiency. The breadth of the 5Series offering meant that JCSD could also increase the scope of the deployment into its trustee business and internal administration processes, leveraging the benefits of an integrated system and simplified management.

“It was becoming increasingly clear that, over time, we would need to upgrade our system to achieve our strategic goals and enhance  our ability to grow the company and offer new services to our clients,” said Andrea Kelly, JCSD. “Partnering with Microgen to implement a market leading software solution was an obvious choice as it will improve our efficiency so that our staff can focus on value-add activities instead.”

After an extensive evaluation process, Microgen was considered the best long-term technology partner, particularly with its financial stability, global footprint and software pedigree. JCSD sought a strategic partner to accelerate long-term growth and its evaluation process saw 5Series as the clear leader.

“Businesses such as JCSD need to be able to partner with a company that they know will be able to support them and their business activities well into the future. Microgen was established in 1974 and has a track record of growth and stability, so JCSD can feel confident that Microgen is the right long-term partner” said Douglas Cooper, Business Development Director, Microgen Financial Systems.