Press Release

The Cooperative Central Bank Ltd in Cyprus live on PROFILE's IMSplus

15/12/2011: CCB, the Cooperative Central Bank Ltd in Cyprus, has selected PROFILE's IMSplus Personal Banking solution aiming to improve its Front, Middle and Back Office investment management operations. The 75 year old bank and one of the largest banks in the country has successfully deployed IMSplus enhancing its asset management and brokerage services. The solution provides advanced end-to-end functionality and incorporates the tools to support international Wealth Management best business practices and state-of-the-art, expandable and customisable technology.

Following an international selection process, CCB chose IMSplus as its strategic platform, due to its proven reputation and PROFILE's successful track record and experience in the investment management industry. IMSplus, with an extensive list of user friendly, powerful modules upgrades client services and automates the Bank's operations.

The solution provides real-time trade order management, comprehensive relationship management, advanced performance analysis, secure and intuitive web access and on-line connections to multiple markets and venues. Paired with IMSplus's automated portfolio advisory and rebalancing tools, the solution empowers CCB to achieve superior competitiveness and accelerated growth in the Cyprus investment services domain, which serves an increasingly long list of international funds and individual investors.

The CCB IMSplus implementation was delivered on time and within the allocated budget successfully managing the major changes in the market and depository data feed structures. The Bank now focuses on new business development relying on the support of an innovative, powerful platform and PROFILE's solid after sales support to provide upgraded quality services to its international clientele.

PROFILE is strongly expanding its presence in the country following a successful track record of key implementations in internationally-owned banks and financial institutions. The unique functionality inherent in IMSplus enables any size financial institution to use the functions required with the least of customisation, thus making it a flexible and powerful investment management platform.