Lausanne, 20\/11\/12 \u2013 SAGE Group SA\u2019s financial software, Prospero, has been recognized in an industry study of vendors that are successfully competing in the rapidly changing global private banking sector.<\/p>\n
<\/p>\n
\u201cSAGE Group SA\u2019s Prospero differentiates itself on its ability to provide one solution with front-to-back straight-through processing that is agile, modular, simply deployed, and results in a quick return on investment,\u201d<\/i>\u00a0says the report.<\/p>\n
The September 2012 study\u00a0\u2013\u00a0\u201cEvaluating Global Private Banking Platforms: Change May Create Opportunity\u201d\u00a0<\/i>\u2013\u00a0compares vendors based on self-reported vendor information and independent analysis by the Aite Group.<\/a><\/p>\n Driving the study was the Aite Group\u2019s recognition that significant changes are underway in the wealth-management industry. Specifically, the regulatory environment is more aggressive, wealth is shifting, and wealth-management firms are becoming more competitive.<\/p>\n To manage these changes, wealth-management firms have two choices, says the Aite Group: Implement broad platforms that provide functionality across banking and investments, or implement investment-focused platforms.<\/p>\n One firm helping wealth-management firms do just that is SAGE Group SA, whose flagship financial software, Prospero, integrates front-, middle- and back-office systems via many different modules.According to the Aite Group report, Prospero is notable for its architecture, capabilities, and deployment.<\/p>\n SAGE Group SA has also taken a blended front-to-back approach over time. Middle-to-back office capabilities are all live, including portfolio construction, order management, portfolio management and reporting, risk management, portfolio accounting, and core banking. According to the report,\u00a0\u201cSAGE Group SA has released a completely new risk management module based on risk optimization\u201d<\/i>\u00a0and \u201cSAGE Group SA\u00a0is notable for the integration of its core banking system with its front- and middle-office software.<\/i><\/p>\n \u201cIn regard to deployment, SAGE Group SA offers Prospero on a hosted (SaaS) basis \u2013\u00a0cutting-edge technology that Freymond says makes deployment easier. Approximately 30 percent of its clients utilize this option. SAGE Group SA is also placing considerable efforts in this increasing important area of mobile access, as no financial platform can compete today without providing it,<\/i>\u00a0says Freymond.<\/p>\n These features clearly appeal to a variety of clients. SAGE Group SA\u2019s ever-increasing client base includes the international hubs of large, global private banks, particularly in the mass-affluent and high-net-worth segments. Clients of all sizes, can benefit from SAGE Group SA\u2019s experience with international hubs.<\/p>\n <\/p>\n In sum, the report concludes that\u00a0\u201cSAGE Group SA is able to provide a full platform\u2026with simple deployment at low cost.\u201d<\/i><\/p>\n \u201cI am very happy to be called out in the Aite Group report, and am confident that we will see more such recognition as our client base continues to grow,\u201d<\/i>\u00a0says Freymond.\u00a0\u201cCompetition is fierce, but we have clearly differentiating factors that make us leaders. Our market success has proven this, and explained both our differentiating factors and agility to deploy: We have doubled our client base during the most severe financial crisis.\u201d<\/i><\/p>\n To receive a complimentary copy of this report or for additional information, please contact: SAGE at\u00a0www.finartis.com<\/a>\u00a0or\u00a0info@finartis.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Lausanne, 20\/11\/12 \u2013 SAGE Group SA\u2019s financial software, Prospero, has been recognized in an industry study of vendors that are […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[6],"tags":[],"_links":{"self":[{"href":"https:\/\/www.finartis.com\/test\/wp-json\/wp\/v2\/posts\/2489"}],"collection":[{"href":"https:\/\/www.finartis.com\/test\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.finartis.com\/test\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.finartis.com\/test\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.finartis.com\/test\/wp-json\/wp\/v2\/comments?post=2489"}],"version-history":[{"count":5,"href":"https:\/\/www.finartis.com\/test\/wp-json\/wp\/v2\/posts\/2489\/revisions"}],"predecessor-version":[{"id":4460,"href":"https:\/\/www.finartis.com\/test\/wp-json\/wp\/v2\/posts\/2489\/revisions\/4460"}],"wp:attachment":[{"href":"https:\/\/www.finartis.com\/test\/wp-json\/wp\/v2\/media?parent=2489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.finartis.com\/test\/wp-json\/wp\/v2\/categories?post=2489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.finartis.com\/test\/wp-json\/wp\/v2\/tags?post=2489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nFor example, Prospero utilizes application programming interfaces APIs to integrate with legacy, third-party vendor, and external clearing and custodial systems. A user-defined report generator allows customization, and most modifications can be handled directly by users without further development. Prospero\u2019s front end is also fully Web-enabled.\u00a0\u201cThe system is completely flexible,\u201d<\/i>\u00a0says SAGE Group SA CEO Jean-Luc Freymond.<\/p>\n