PROSPERO WAS A HIT FROM THE START

Bank of Valletta has become the first live user outside of Switzerland of the Prospero private banking and asset management system from Lausanne-based Sage Financial Solutions. The bank signed last year and cut over last month.

The bank's private wealth management support manager, Marika Camilleri, says the system replaces manual process and an interim, in-house developed system for handling contract notes and statement of assets.

Bank of Valletta has taken the system on Oracle and Unix. And it inculdes support for fund management, asset management, hedge fund management, treasury/forex, and credit risk management.