Eagle Investment Systems said that Standard Bank South Africa, will implement Eagle's accounting and enterprise data management solutions across its Private Clients business.
In a release, the company reported that the technology solutions will be hosted on Eagle Access, Eagle's secure private cloud.
Eagle noted that to manage the expected growth within the Private Clients business, Standard Bank embarked on a search for a solution provider with experience in the international marketplace that could also meet the local South African investment requirements and regulations.
"We are always looking to create operational efficiencies and methods for cost-savings by leveraging the best providers and services available," said Penny Bibby, chief operating officer at Standard Bank Private Clients. "In our search for a technology solutions provider, Eagle stood out amongst both international and local system providers, and we were pleased to see how their enterprise-wide solution has already been proven successful with other premier clients in South Africa. Our adoption of Eagle's software and deployment on Eagle ACCESS SM will enable us to establish a firm-wide, state-of-the-art, secure technology solution that will help us to centralize our platform much more easily and efficiently."
"Our engagement with Standard Bank will allow us to demonstrate not only our expansive solution capabilities, but also to share both our global and local best practices and staff expertise," said John Legrand, Eagle managing director, EMEA and APAC. "We look forward to working closely with Standard Bank as an Eagle client and extending the strategic relationship the group already shares with BNY Mellon."
Standard Bank Group's Private Clients business is a full-service wealth management firm.
Eagle Investment Systems is a provider of financial services technology and a subsidiary of BNY Mellon.
BNY Mellon's Asset Servicing business supports institutional investors in markets.
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