Prospero Goes Live in Singapore

SINGAPORE -

- Investment Bank Implements Core Banking Module in Asia

SAGE, the rising publisher of banking solutions, is pleased to announce that a large international financial firm has gone live with Prospero’s core banking module for its Asia branches. The client is one of the leading investment banks in the world with a significant share of the Asian wealth management market.

SAGE’s Prospero core banking solution provides the client with the platform for accounting and booking security trades, cash, and security transfers. Prospero included the complex posting of the Singapore ACU/DBU, GST reporting and real-time interface with the client’s trading systems.

This is the first implementation of Prospero in Asia and confirms the presence and commitment of SAGE in this region. Singapore has now become the most important hub for SAGE after Switzerland to serve and support its clients in Asia.

Patrick Rotzetter, Chief Business Development Officer for SAGE, states: “Prospero’s thorough core banking solution is providing our client cost-efficient brokerage services to its customers. Prospero also assisted our client in drastically reducing the overall costs of its brokerage operations by streamlining their processes.”

About Prospero

Prospero is a revolutionary financial software that integrates front-, middle- and back-office systems, thereby filling all needs of portfolio managers, brokers, traders and other financial professionals, such as risk and operations managers. Prospero has multiple modules which cover all aspects of financial operations including Asset Management, Core Operations, Credit Management and Loans, Fund Administration, Independent Asset Management, Private Banking, Trading and Treasury. Modules can be implemented separately or as an integrated whole-and all will interface with a legacy system as part of a best-of-breed approach. Simply explained, Prospero allows financial professionals to focus on what they do best: managing money, not systems.

About SAGE

Prospero is a product of SAGE SA, a Switzerland-based software development company that specializes in servicing the financial industry. Established in 1986 and headquartered in Lausanne, it has offices in Geneva, Dubai, and Singapore. For more information, visit www.sage.ch.

For media inquiries, please contact:

Mr. Tarek Hamdan, CMO for SAGE, at tarek.hamdan@sage.ch or +41-21-653-64-01.

Source: SAGE

Mr. Tarek Hamdan, CMO for SAGE, at tarek.hamdan at sage.ch or +41-21-653-64-01.