NeoXam, a provider of front, middle and back-office solutions to the asset management industry, said that a major Swiss private bank has chosen its NX GP3 back-office solution to automate its fund accounting operations.
The NX GP3 solution will allow the bank to work in a more automated environment, providing increased control, accuracy and transparency while improving risk management.
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In addition, the solution will support the bank’s business expansion and also allows it to offer enhanced services to clients through increased transparency and consistency in the reporting.
NeoXam said that NX GP3 provides fund accounting, valuation and reporting. The company serves more than 95 clients in 25 countries with more than $7 trillion worth of assets.
Serge Delpla, CEO of NeoXam, said, "We are delighted to welcome this major Swiss private bank to our clients’ community. We look forward to help streamline the bank’s operations and scale for growth. We are committed to invest in the continuous improvement of our solutions and services to make sure they best address the industry’s demands."
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