Microgen PLC (LSE:MCGN), developer and implementer of enterprise software for some of the world’s largest organisations, announced today that Canadian financial services company, Equity Financial Holdings Inc (TSX: EQI) has implemented Microgen 5Series in its subsidiary, Equity Financial Trust Company in Toronto. Equity has chosen to use Microgen 5Series Trust Administration Software to create a flexible yet robust system to meet its current and future needs.
Equity provides a range of services, such as stock transfer, corporate trust, mortgage and deposits that require efficient handling to give the best value to more than 650 corporate, institutional and retail customers. In eight weeks, Equity implemented Microgen 5Series to replace a number of disparate systems and processes that were inefficient to manage. Operational efficiency is at the forefront of Equity’s business decisions and the company was quick to identify the benefits of the flexible solution offered by Microgen.
Equity chose Microgen 5Series Trust because of its user definable features including custom entity types, fields and workflow processes. This allows Equity to configure the system to suit its needs as it grows rather than having to adapt to suit the technology.
“With over 20 years’ experience, we knew that our business needed to keep the competitive edge in this fast-moving financial market and there wasn’t an off-the-shelf solution that satisfied our requirements. Microgen not only completely understood our business needs but was able to demonstrate the flexibility and ease of configuration of Microgen 5Series; exactly what we required,” said Nick Kyprianou, CEO, Equity Financial Trust Company. “The strong track record, stability and experience that Microgen has in the financial market supported our final decision.”
Simon Baines, Managing Director of Microgen Financial Systems Division commented: “Financial services companies need to react to changes in the market immediately with a conviction that their services are accurate. The technology in place needs to deliver that reliability but also be sufficiently flexible to grow and adapt to business needs”.
About Equity Financial Holdings Inc.
Equity Financial Holdings Inc (TSX: EQI), is a Canadian financial services company serving corporate, institutional and retail clients. It provides stock transfer, corporate trust, mortgage, deposit taking, foreign exchange, corporate secretarial and compliance services through the Equity group of companies.
Microgen develops and implements enterprise software for some of the world’s largest organisations. Its high performance software and detailed understanding of specific markets enable customers to quickly realise business value from their investment in technology.
Microgen Financial Systems Division delivers a wide portfolio of back office processing software to the banking, wealth management and energy sectors. For trust administrators through to major fund and asset management organisations, Microgen provides solutions for front and back office administration, performance measurement/analytics and fund & product design. Microgen’s unique product set plus experienced domain expertise helps organisations continuously adapt to market conditions and the increasingly stringent accounting and regulatory requirements they face. Microgen helps organisations meet the demands of asset class diversification and liability-driven investing.
Microgen Aptitude, the Group’s High Performance Enterprise Application Platform, processes large volumes of transactions and data at unparalleled speed – in environments where complex business rules apply, such as the financial services and digital media sectors.
Headquartered in London the company was founded 40 years ago and has been listed on the LSE for 30 years.
+44 20 8811 2126
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