NexJ Contact for Finance to streamline Know Your Client process
TORONTO, Oct. 29, 2013 /CNW/ - NexJ Systems Inc. (TSX: NXJ), a provider of cloud-based software delivering
enterprise solutions for the financial services, insurance,
and healthcare industries, today announced the United Kingdom private
banking division of a major global investment bank will streamline
their Know Your Client (KYC) process with NexJ Contact for Finance.
NexJ was selected after an on-site proof of concept proved the
robustness and flexibility of the NexJ solution. NexJ's customer data
integration, application orchestration and flexible workflow
capabilities were selected as best-in-class for private banking needs.
In an industry bound by regulatory obligations, investment advisors must
manage complex client portfolios while delivering both superior service
and proof of adherence with regulations. Multiple systems and broad
geographic dispersion make it difficult to demonstrate compliance with
evolving regulations related to KYC and Anti-Money Laundering (AML).
According to CEB TowerGroup Senior Director Peter Delano, "The constant
regulatory pressure on private banks requires them to implement
technology strategies that can handle today's mandates as well as adapt
to what may come from regulators tomorrow."
NexJ solves this problem by consolidating systems containing customer
information into an Integrated Advisor Desktop. The NexJ solution makes it possible to access all enterprise
information about clients, their finances, relationships and spheres of
influence and then coordinate client-facing processes such as KYC
reviews. NexJ streamlines the capture of KYC data and routes it for
review and approval. KYC forms and processes are easily modified by
business users, enabling quick response to changing regulations and
business needs.
"As the leader in enterprise CRM for wealth management, we are pleased
to be adding this prestigious firm to our family of customers," said
William M. Tatham, Chief Executive Officer of NexJ. "We believe that
KYC and AML processes based on an enterprise view of the customer
greatly reduces the burden of regulatory compliance and gives advisors
more time to better sell to and service their private banking clients."
This project started in September and will continue through 2014.
About NexJ Systems Inc.
NexJ is a provider of cloud-based software, delivering enterprise
solutions for the financial services, insurance and healthcare industries. Our next-generation, people-centered software combines
industry-specific functionality with information from multiple
applications and data stores to provide comprehensive knowledge of the
individual.
NexJ is named as Canada's fastest growing company in the 24th Annual
PROFIT 200 ranking by PROFIT Magazine, and ranks in the top 5 of the
Deloitte Technology Fast 50™ for the third consecutive year. Based in
Toronto, NexJ has clients throughout North America and in Europe. For
more information about NexJ, visit www.nexj.com, e-mail info@nexj.com, or call 416-222-5611. Join us on LinkedIn, follow us on Twitter, subscribe to our YouTube channel, like us on Facebook, or hang out with us on Google+.
NexJ Forward-looking Statement
Certain statements in this press release may contain words considered
forward-looking statements or information under applicable securities
laws. These statements are based on NexJ's current expectations,
estimates, forecasts and projections about the operating environment,
economies and markets in which the company operates. These statements
are subject to important assumptions, risks and uncertainties that are
difficult to predict, and the actual outcome may be materially
different. NexJ's assumptions, although considered reasonable by the
company at the date of this press release, may prove to be inaccurate
and consequently its actual results could differ materially from the
expectations set out herein. For additional information with respect to
risks and other factors which could occur, see NexJ's securities
filings with the OSC and other securities regulators. NexJ securities
filings are available on www.sedar.com. Unless otherwise required by applicable securities laws, NexJ
disclaims any intention or obligations to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
SOURCE NexJ Systems Inc.
