Bancmetrics Acquisition A Success, Says COR Financial Solutions

COR Financial Solutions says that, two months after acquiring the assets of Bancmetrics, the US based application service provider of portfolio accounting and analytics services, revenues are up 50 per cent. "This significant increase just goes to prove that the

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COR Financial Solutions says that, two months after acquiring the assets of Bancmetrics, the US based application service provider of portfolio accounting and analytics services, revenues are up 50 per cent.

“This significant increase just goes to prove that the demand for proven ASP solutions is growing, and that we have a compelling product offering,” says Pat Philpott, President of COR-IBS Inc. “We can now offer solutions to any size of client, from the smallest to the largest of institutions.”

Karen Smith, Director of ASP solutions at COR-IBS added: “We are very pleased with the response to our integration with PARAGON, COR-IBS’s portfolio accounting solution. The support from our existing client base has been tremendous, and we continue to bring more institutions onto our platform.”

The Bancmetrics unit operates as a separate ASP solutions unit under the COR-IBS division and brings COR a further US presence through their offices in Walnut Creek, California. The Bancmetrics service is currently used by a number of US institutions, including Duncan-Williams Inc, BOSC Inc and Bank Investment Group.

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