Princeton Financial Systems reports contract win

Source: Princeton Financial Systems

One of the biggest banks in Switzerland selected Princeton Financial Systems MIG21 - the market-leading and award-winning investment compliance solution for their ex-post compliance.

Initially over 1,200 funds with several share classes will be processed with the high performant system and in the medium term, MIG21 will be deployed globally.

MIG21 was selected because it meets the customer's functional needs for flexible rule definition, NAV plausibility checking, and intraday corrective check runs. The ability to take advantage of Princeton Financial Systems LawCards that provide up-to-date compliance rules and research tools for multiple jurisdictions was also an important factor.

The choice of MIG21 was further supported by the fact that the system is compatible with the client's existing IT infrastructure and integrates well with the current back office system GP3. Furthermore, the client was convinced because the system is already used by large global fund service providers such as BNP Paribas, CACEIS Investor Services, Societe Generale Securities Services, Citi, and State Street.

Lorne Whitmore, Global Head of Sales at Princeton Financial Systems underlines: "This prestigious new client further establishes the leading position of MIG21 among global fund service providers. The sharp focus of MIG21 on investment compliance has lead to the development of unparalleled functionality to handle the most complex compliance rules and assets demanded by the leading global investment managers and their service providers."

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