NexJ Contact for Finance to streamline Know Your Client
process
TORONTO,
Oct. 29, 2013 /PRNewswire/ - 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
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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.
