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Standard Bank selects Eagle as Enterprise Technology Platform

Africa Global Funds
Oct. 8, 2014, midnight
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Word count: 291

Eagle Investment Systems, a provider of financial services technology, has announced that Standard Bank South Africa, will implement its accounting and enterprise data management solutions across its Private Clients business.

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Eagle Investment Systems, a provider of financial services technology, has announced that Standard Bank South Africa, will implement its accounting and enterprise data management solutions across its Private Clients business.

The technology solutions will be hosted on Eagle ACCESS, Eagle's secure private cloud.  

"Our engagement with Standard Bank will allow us to demonstrate not only our expansive solution capabilities, but also to share both our global and local best practices and staff expertise," said John Legrand, Eagle managing director, EMEA and APAC.

"We look forward to working closely with Standard Bank as an Eagle client and extending the strategic relationship the group already shares with BNY Mellon," he added.

Standard Bank Group's Private Clients business is a full-service wealth management firm with approximately $12bn in assets under management worldwide. 

The Private Clients business offers financial solutions in the areas of wealth management, specialized lending, risk solutions, trust, fiduciary and transactional banking.

To manage the expected growth within the Private Clients business, Standard Bank embarked on a search for a solution provider with proven experience in the international marketplace that could also meet the local South African investment requirements and regulations.

Penny Bibby, Chief Operating Officer at Standard Bank Private Clients, said: "We are always looking to create operational efficiencies and methods for cost-savings by leveraging the best providers and services available.”

"In our search for a technology solutions provider, Eagle stood out amongst both international and local system providers, and we were pleased to see how their enterprise-wide solution has already been proven successful with other premier clients in South Africa. Our adoption of Eagle's software and deployment on Eagle ACCESS will enable us to establish a firm-wide, state-of-the-art, secure technology solution that will help us to centralize our platform much more easily and efficiently," she added.

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