PROFILE, a leading financial software provider, today announced that Millennium BCP Bank in Greece selected FMS/IMSplus as the platform to support the Bank's PRESTIGE service operations. Millennium BCP Bank's Prestige service is designed to provide the best available Wealth Management services to Affluent and High Net Worth clients.
The Bank already provides Non-Discretionary investment management services to its retail clientele through its branch network, which utilises the FMS/IMSplus Retail Investment Solution. The Bank expands its offering by providing Advisory and Discretionary Wealth Management services to its middle and top tier clients, by extending the use of FMS/ IMSplus. The key factors in the Bank's decision were the solution's proven functionality and cost effectiveness, coupled with PROFILE's team established track record in project delivery.
FMS/IMSplus Personal Banking will be extended and deployed with enriched functionality to accommodate the increased requirements of the Prestige (Gold) service thus empowering the Bank to provide a full spectrum of Wealth Management Services to its clientele including a wide range of products such as Greek and International stocks, bonds, mutual funds and ETF's, fixed income, FX, currency and derivative products. The total solution can be connected seamlessly and in real time to the local and international markets and trading venue systems in order to support fast and risk-free services of the highest quality for the Bank's clients. At the same time, the system's architecture, scalability and expandability further reduce the Bank's operational cost while improving overall price/performance indicators.