Source: Princeton Financial Systems
Princeton Financial Systems, a leading provider of investment accounting, investment compliance, data management, performance measurement, and reporting solutions to the global investment industry announced today that it has entered into a partnership with Gestión Inteligente S.A. (Gesintel), a Chilean company focused on providing solutions for investment compliance and financial risk management.
The partnership makes Gesintel Princeton Financial's exclusive distributors in Chile for business development and support for MIG21, Princeton Financial's investment compliance and risk monitoring solution.
Princeton Financial chose Gesintel because of its technical expertise in the financial markets. The Chilean financial industry is one of the best performers in the Chilean economy with over 120 institutional investors including banks, pension fund administrators, mutual fund administrators, insurance companies and wealth managers.
"Chile represents a very important market for Princeton Financial," said Scott Ferrante, Senior Vice President and Chief Operating Officer of Princeton Financial. "Given the broad application of strict mandatory plan participation rules, all financial institutions are impacted by complicated compliance requirements. There is a large demand for a product like MIG21, and Gesintel understands that. Our partnership with Gesintel is a significant step for us as it demonstrates our commitment to the market and further solidifies Princeton Financial's position as a leading global software and services provider."