Citi Private Bank has chosen Fi-Tek’s Global Wealth Enterprise Solution (Global WealthES) as its core trust securities processing and accounting platform.
The platform will deliver integrated straight-through processing functionality on a single database, which will enhance the bank’s productivity and reduce operational risks through automation of major functions.
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Fully integrated with Citi Investor Services global custody network and Citi’s Collective Investment Services (CIS), Global WealthES will provide global securities processing, SWIFT interface for real-time custody integration as well as data aggregation.
The solution also features a business intelligence tool that will allow senior managers to analyze data to better manage their business.
Global WealthES also includes a flexible communications tool developed on BizTalk technology to integrate with internal and external ecosystems for seamless communications.
Subir Chatterjee, president and CEO of Fi-Tek, said: "Over the last ten years, we have invested heavily in new technology and in developing wealth management lifecycle functionality to make Global WealthES, an efficient, feature rich, market leading solution to help our customers manage their businesses more efficiently."
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