August 2011

On 05 August Eurobank EFG successfully migrated their Funds Transfer Agency Business onto Globus/T24. Syncordis proposed and implemented a global solution using the Eurobank EFG Globus/T24 Banking system as a TA system. This is to our knowledge the first time T24 is being used as a Mutual Funds Administration system. It shows once again the flexibility of the Globus/T24 Banking system. The TA business has been implemented as a new and separate Globus/T24 company alongside the private banking activity, thus taking advantage of shared files.

« Funds Business is extremely important in Luxembourg. T24 offering possibilities to cater for both, Private Banking and the Funds Business, opens doors for banks that prefer a single vendor solution and might consider changing system. For more information, please do not hesitate to contact us. »