Prime Fund Solutions, the Fortis Merchant Banking business line dedicated to servicing the alternative and traditional investment industry, has successfully upgraded its core banking platform to T24.
This new banking system provides Prime Fund Solutions with state-of-the-art technology, ensuring the continuity, performance and scalability needed to support the substantial business growth. The T24 system also reduces the processing time needed at the end of each business day.
“An international project team was mobilised to upgrade to T24 and to deploy it on a new hardware platform. Thanks to extensive testing, the migration weekend went extremely smoothly. The upgrade of the core banking platform is part of an ongoing programme to improve efficiency and enhance the products and services provided to our clients,” says Noel Fahy, managing director, Prime Fund Solutions Bank.
The new T24 system supports the banking and custody processes and serves users in all three major time zones: Asia, Europe and the Western Hemisphere.