Standard Bank signs for Exchange Systems' Eclipse

Standard Bank signs for Exchange Systems' Eclipse

South Africa's Standard Bank has licensed Exchange Systems Technology's Eclipse platform to support investment banking activities at its London operations.

The vendor says Eclipse will provide the bank with back-office administration and risk management control.

Tony Gamby, head of wealth management and back office technology, Standard Bank, says the "functionality, cost effectiveness and flexibility" were core reasons for the selection of the system.

Rob Lowry, chairman, ExchangeSys, comments: "As the demand for cross asset consolidation grows, Eclipse is gaining increased recognition as the leading solution for the combined back-office processing of multiple product lines."

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