11th December 2017
One of South Africa’s largest banks selects Microgen 5Series to support its fiduciary operations.
The Channel Islands based subsidiary of the bank provides Fiduciary Services, International Trusts and Companies, Foundations and Family Office services to its sophisticated private client and corporate client base involving multiple jurisdictions.
Following a detailed assessment of a number of systems, Microgen 5Series was selected. This organisation concluded that Microgen 5Series will provide significant operational efficiency benefits and reduce operational risk, as well as providing a platform to support the growth plans of the business. The integrated Tax reporting capabilities, comprehensive reporting and system flexibility will assist the business with its on-going regulatory requirements across its multiple jurisdictions. This customer was also comforted in Microgen’s experience in moving customers from Microgen 4Series to Microgen 5Series along with Microgen meeting the banks vendor requirements.