The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

South Africa’s Prescient Selects Eagle Investment Systems’ Access ASP

Eagle Investment Systems, a subsidiary of The Bank of New York Mellon, has been selected by Prescient to deliver its integrated investment management suite via its application service provider (ASP), Eagle Access. Prescient, with R60 billion under management in South Africa, selected the Eagle suite to streamline its growing local and global operations.

Eagle will assist Prescient to meet increasing client reporting requirements and provide access to data in an efficient and effective manner. The implementation is scheduled to begin during the summer.

“Over the past several years, Prescient’s business has expanded both locally and globally, and the management of investment data, accounting and performance has become a more complicated process. In addition there has been a noticeable increase in client requirements for data and more sophisticated reporting. We concluded that it was time to enhance our back office to support both our growth objectives and client needs,” says Carey Millerd, Prescient’s CEO. “During our search, it quickly became apparent that Eagle’s fully integrated technology combined with its mature and proven hosted service was the ideal solution for Prescient to meet market needs for daily reporting and continued business expansion.”

Initially interested in Eagle’s investment accounting functionality and mutual fund accounting capabilities, Prescient recognised the efficiencies offered by Eagle’s solutions for data management and performance measurement and opted to license the entire suite. Prescient is expecting to increase productivity by redirecting internal resources as a result of using Eagle’s ASP, Eagle Access.

Related content

WEBINAR

Upcoming Webinar: Adverse media screening – how to cut exposure to criminal activity, from money laundering to human trafficking

Date: 23 September 2021 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Screening for adverse media coverage of counterparties is a significant challenge for financial institutions. It is required by regulations such as the EU’s sixth Anti-Money Laundering Directive (AML 6), and is one of the most effective ways to steer...

BLOG

IHS Markit Adds Data Dictionary for EDM Platform

IHS Markit has released a data dictionary designed to help business users gain greater visibility of their data. The Data Dictionary has a web-based interface that allows users to see what data is available within their organisation, and a portal that includes data governance metadata covering how the data is defined, where it has come...

EVENT

RegTech Summit London

Now in its 6th year, the RegTech Summit in London explores how the European financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Entity Data Management Handbook – Seventh Edition

Sourcing entity data and ensuring efficient and effective entity data management is a challenge for many financial institutions as volumes of data rise, more regulations require entity data in reporting, and the fight again financial crime is escalated by bad actors using increasingly sophisticated techniques to attack processes and systems. That said, based on best...