Fi-Tek announced that Cadence Bank has gone live on the company’s fully integrated wealth management solution, TrustPortal.
TrustPortal facilitates wealth managers in consolidating their business functions onto a single platform with the client’s entire wealth management life cycle in mind.
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As a result of Cadence Bank’s acquisition of Encore Bank, Cadence needed a Wealth Management solution that would allow Cadence to manage their trust business across multiple locations on a real time and efficient basis.
TrustPortal met those needs enabling Cadence Bank to scale their wealth management business and concentrate their efforts on their clients. Cadence Bank recognizes that Fi-Tek is continually enhancing the system with the latest functionality which gives Cadence the ability to stay current with the market. TrustPortal helps Cadence Bank provide their clients with a one-stop shop for full wealth management of their entire relationship needs.
John Davis, executive vice president of Trust Services at Cadence Bank, said: "As a user of the Fi-Tek TrustPortal system for more than 20 years we were anxious to continue an accounting and investment package that we could trust when we bought a bank with a large substantial trust department and realized we would need to merge the two entities. After an extensive review our whole team felt Fi-Tek was the best solution for our needs with its innovative technology and user friendly intuitive system. The entire conversion process went very well for merging the data of our two trust departments. Fi-Tek had a terrific planning and programming team who facilitated weekly calls to ensure all of the bases were covered. The conversion weekend went perfectly, with all of the timetables being met. From a processing standpoint, we did not skip a beat and most importantly, our customers and clients were minimally impacted."
Subir Chatterjee, president & CEO of Fi-Tek, said: "Over the last five years, we have invested heavily into new technology and developing wealth management lifecycle functionality to make TrustPortal an efficient market leading solution to help companies like Cadence manage their business efficiently. We are delighted to have a sophisticated client like Cadence select our TrustPortal platform and we look forward to our partnership."
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