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RBTT Trust to implement i-flex Flexcube

19 October 2004  |  575 views  |  0 Source: i-flex

i-flex solutions (Reuters: IFLX.BO/IFLX.NS), a leading provider of information technology solutions to the financial services industry, today announced a significant contract with RBTT Trust Limited, one of the leading asset management companies in the Caribbean. As part of the agreement, i-flex solutions will implement its FLEXCUBE Investor Services solution to help RBTT automate its entire transaction processing, registry and transfer agency functions throughout its mutual fund operation. RBTT Trust Limited is based in Trinidad and is a subsidiary company of the RBTT Financial Holdings Group which operates in 12 Caribbean jurisdictions.

"RBTT Trust Ltd. is a progressive company offering a broad range of asset management products and services including mutual funds" said Stephen Bayne, Managing Director of the company. "i-flex solutions will provide us with a more flexible and agile web-enabled solution, thereby allowing us to achieve greater operational efficiency and improved customer service. We’re anxious to realize the business benefits inherent with the FLEXCUBE solution, which is extremely sophisticated."

As a leader in the financial services sector, RBTT already has an extremely sophisticated IT department to manage the myriad transactions processed on behalf of its customers. The FLEXCUBE Investor Services solution provides RBTT the unique differentiator it needs to provide greater operational efficiencies and improved customer service to maintain a competitive advantage in the market. FLEXCUBE Investor Services consists of three components, including fund administrator, registrar and branch. Together these elements help mutual fund companies create an automated network of branches and enable effective fund marketing, intermediary management and time-bound investor transaction handling.

"Investors have many options these days and RBTT’s ability to provide a faster, more efficient and easier-to-use, web-based solution is a critical differentiator," said R. Ravisankar, CEO (International Operations), i-flex solutions. "RBTT understands the competitive advantage that FLEXCUBE offers and we’re excited to work with the company to implement the solution across RBTT’s entire Caribbean network. This is a major milestone in our effort to provide value-added solutions to financial institutions Latin America and the Caribbean."

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