Cadis today announced the successful implementation of the Cadis data management solution on Northern Trust's fund servicing platform to support integration with the trading systems of Northern Trust's Investment Operations Outsourcing clients.
"Cadis enhances our operations and data management capabilities for trade capture and other middle office services, significantly reducing the implementation timeframes for on-boarding new clients," said Paul d'Ouville, Global Head of Product, Northern Trust. "As our Investment Operations Outsourcing business continues to grow globally, Cadis' best practices, time to market, culture and overall client service model offers a compelling value proposition."
"After extensive discussions with Northern Trust, it was clear a key component to success was to develop a platform that increased their operational agility in servicing their clients," said Daniel Simpson, Chief Executive Officer, Cadis. "For Northern Trust to be successful in attaining their goal of superior client satisfaction, the solution demanded significant scalability, stability and lower implementation time frames than other alternatives. This implementation extends our relationship with Northern Trust while enabling us to be an integral part of an important global initiative."