According to Sage, Prospero is a flexible suite of financial solutions catering to the needs of specific segments of the financial services industry and covering all aspects of financial operations like wealth management, asset management, fund administration, and independent asset management/family office.
Sage further claimed that its solution caters to each bank’s unique needs allowing for its components to be implemented separately or as an integrated whole. In addition, it can also interface with existing legacy systems as part of a best-of-breed approach.
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Emirates Investment Bank IT director, Samer Ghosheh, said: "We found that Prospero Wealth Management was one of the few software in the market that provided all of the functionality necessary to run our wealth management business across all asset classes, from front office to back office, including general ledger."
"Most systems we shortlisted demonstrated strength in certain areas only whereas Prospero allowed for the streamlining of our processes, which will translate into cost reduction and minimization of our operational risk," he added.
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