Traderforce, leading provider of financial information platforms and trading systems for market professionals, and Croesus Finansoft, the worldwide leader in CRM and Portfolio Management front-office solutions, today announced an agreement to integrate their platforms to provide a unique and innovative solution for Private Banking in Europe and North America.
Traderforce will distribute this solution in Europe, while Croesus Finansoft will cover North America.
Traderforce will host the Croesus platform at their data centres located in Paris and Geneva, and provide market data for the European and North American markets. Croesus Finansoft will supply the latest generation front-office platform with a secure Web interface. This package includes CRM capabilities and
Portfolio Management System: portfolio analysis, financial reports, risk and performance calculations, order management integration, as well as many more services.
According to Rémy Therrien, Croesus Finansoft President: "It is rare to see as powerful a synergy between two companies. The complementarity of our financial ASP solutions combined to our leading position on our respective markets provide us with a definite advantage. We have chosen the Traderforce platform for its solid reputation on the European market, but also because it respects our strategy to provide our clients with high-performance and advanced solutions." Mr. Therrien concludes: "The Croesus-Traderforce integration offers a turnkey solution to private banks by providing them a unique tool. It combines CRM, portfolio management, and financial information, functionalities that optimise the daily administration of their financial operations."
Jean-Michel Blanco, Financial Innovative Technology – Traderforce President, adds, "the choice of a portfolio management system is a strategic and structuring decision for a private banking institution. Traditional solutions often do not provide all the expected benefits, and the project suffers from cost overrun, as well as a lengthy and costly rollout. With the Croesus solution, we can avoid this danger and quickly deploy a solution that is easily mastered, bringing immediate return on investment. We are very ambitious about this Croesus-Traderforce partnership, and are convinced that this solution will quickly become a commercial success in Europe."