Today's private banks are adapting and adjusting to sweeping changes in the industry. Clients are demanding faster access to information, greater accuracy and better use of technology for email confirmation and online viewing of statements. Meanwhile, banks are struggling to improve profitability through:
- Optimal treasury management
- Tighter control of foreign exchange exposure
- Improving month end and year end closing
- Increasing asset base without increasing staff
Introducing Primacy Private Banker, the foremost Client and Bank Accounting system which meets the unique needs of the offshore banking sector. Primacy Private Banker was designed to compel the integration of banking functions, providing unprecedented efficiencies across the entire bank.
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Primacy Private Banker
Primacy Private Banker delivers real time, integrated information on accounts and investments of both clients and the bank. It contains advanced workflow and customer relationship management features, trust and company management support, integrated image management and more. Through its fully integrated front and back-office solutions, Primacy clients are able to realize higher levels of customer service and operational efficiency at a significantly lower cost.
Private Banker provides an intuitive, easy-to-use user interface ensuring all bank staff, regardless of experience, will be productive within a short period of time. Behind the simple, elegant user interface is a powerful, flexible, n-tier architecture designed to ensure the system grows with the bank.
Primacy's design philosophy incorporates layered functionality, to provide private banks, small or large with the ability to enhance its operations over time. Initially, you may wish to implement only the Back Office Accounting - to focus on improving treasury management and automate the recovery of disbursements. Then, with the addition of Workflow and Order Tracking, the benefits of Primacy Private Banker become more evident. Previously the tracking of orders was time consuming and prone to human error. By automating this function your staff become highly efficient and capable of managing many more clients.
The third layer of Primacy functionality is in the area of Client Relationship Management, which assists the bank in attracting and retaining new, and existing clients. And the fourth and final layer is in the area of Document Management for corporate and regulatory compliance support.
Regardless of the way in which you choose to implement Primacy Private Banker - the full system, or component by component, join the many banks who have realized:
- Improved staff efficiency
- Higher profitability through better
client management
- Greater accuracy and full compliance
True Value from Private Banker
Aall Trust & Banking Corporation
"We're now running solely on Primacy, and seeing more satisfied customers, reduced errors, improved reporting and a better managed capital base."
First Horizon Bank
"Primacy has made everyone's life much easier - from the advisor to the administrator. We particularly like the ability to automatically generate notices amongst our staff when trades are completed. It greatly improves our day to day operations by eliminating the duplicate effort that occurred before we installed the system."
Citadel Bank & Trust
"The chief benefit is the client service enhancements that the Primacy solution provides - it will allow us to double our assets under management without increasing our costs or staff whatsoever."
Hansa Bank & Trust Company
"Online service demands from clients; imperatives such as Y2K; control, security and integrity of complex processes and transactions can only be provided economically through new technology like the Primacy system. Any banking operation without these resources will be severely restricted and at risk. That is why we have picked Primacy."
Primacy Features:
Client & Bank Accounting
- Automated Client-side entries
- Multi-currency support
- Advanced Workflow management
- Client Relationship Management
- Sales Force automation
- Multi-stage authorization support
- Source Document Management
- Client & Account Manager Email Notifications
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Portfolio Administration
- Automated Securities pricing
- Supports Short Selling and Buy to Cover
- Realized Gain/Loss on Sale
- Internal Rate of Return (IRR) Calculations
- Asset Modeling
- Corporate Actions
- Mutual Fund Administration
Trust & Company Management
- Independent G/L for each client
- Custom Field creation
- Activities Tracking
- Compliance Tracking
- Corporate Document Management
Product Review Guide
For further information on the Primacy Private Banker, please refer to the Product Review Guide. This guide will walk you through a series of typical bank operational scenarios. It will allow you to experience how Primacy Private Banker will:
- Alleviate the technology burden of banks, so you can focus on the core business,
- Automate workflow, to allow orders to progress through the system electronically rather than on paper,
- Improve timeliness by streamlining and automating processes,
- Provide Account Executives with a means of assigning and journaling client interactions for better client relationship management (CRM)
- Simplify fulfillment, allowing orders to be traded or transferred electronically rather than by fax and telephone,
- Provide Internet access, allowing the bank's clients and agents to view account balances and submit transactions securely.
- Provide bookkeeping services to corporate and trust clients.
- Provide a new level of accounting completeness and control, maintaining the relationship between client funds and the liability of the bank to its clients for those funds, and maintaining accounts in multiple currencies,
To obtain a copy of the Primacy Product Review Guide click here. For further product information, please refer to the Primacy Web Banker or Product Review Guide sections.
