Rhyme Systems, a division of 3i Infotech - Western Europe and a leading provider of asset management solutions, today announces the successful implementation of Friends Provident International on rhymeSight BondPRO, the bond administration and portfolio solution.
At a time when financial institutions are looking to manage risk more efficiently than ever before, BondPRO supports onshore and offshore Portfolio Bond administrators with high levels of automation and integration, which minimises operational risk, and increases operational efficiency whilst maintaining flexibility and scalability for future strategic growth.
The integrated investment administration and bond administration system handles both administration and the underlying book of investments. RhymeSIGHT BondPRO has been developed to meet the needs of on/off-shore companies and removes the need for two disparate systems.
Graham Ashworth, Project Director, Friends Provident International, said, "BondPRO enables high levels of automation that reduces operational risk and improves accuracy and efficiency. The successful and timely go live once again demonstrates that Friends Provident has selected a proven and reliable system with a reputable vendor."
Ian Hallam, rhymeSIGHT Product Director, said, "The rhymeSIGHT team has a strong track record of delivery and implementation. RhymeSIGHT BondPRO provides both a single powerful database and just one system to maintain. We are delighted with the achievement, further securing our pioneering relationship with Friends Provident."
3i Infotech (Western Europe) Ltd provides software products and services to the Asset Management, Capital Markets, Insurance and Banking sectors.