IBS Journal February 2016


WHO? Nikko Asset Management WHAT? Vermilion Software’s reporting solution


Tokyo, Japan © Gussisaurio, Wikipedia


A UK-based supplier of client reporting and communications software, Vermilion Soft- ware, has inked a major deal with Nikko Asset Management. The asset manager will deploy its Ver-


milion Reporting Suite (VRS) at its head office in Tokyo as well as across its interna- tional locations in Australia, New Zealand, Singapore, the UK and the US. The vendor says that VRS will be used


‘for all of its global reporting requirements, from fact sheets to client reports in addi- tion to Japanese language reporting’ by Nikko. Nikko is among the largest region- al asset managers, with total assets under management exceeding $163 billion and a distributor network of 300 banks, brokers and life insurance companies across APAC. Simon Cornwell, global sales and mar-


keting director at Vermilion, describes the deal as ‘a stepping stone to the Japanese market’.


He adds that ‘the latest VRS GUI is mul-


tilingual, including Japanese, enabling Ver- milion to sell the solution globally’. Vermilion customers include Robe-


WHO? Stusid Bank WHAT? SAB AT core banking system


Tunisia-based Stusid Bank (Société Tuniso-Saoudienne d’Investissement et de Développement) has signed for a new core banking system, SAB AT, from a French banking software provider, SAB.


Stusid Bank will become the first


live site for SAB’s core banking system in the country. There was an earlier taker, Banque


Tuniso-Koweitienne (BTK, member of France-based BPCE Group), which signed for SAB AT in 2009, but the project did not go ahead, IBS Jour-


nal understands. A couple of years later, BTK signed for the Sopra Banking Amplitude core system from SAB’s rival, Sopra Banking Software. Amplitude replaced the iBank legacy solution from a local vendor, IDEE. Stusid Bank was set up back in 1981


as the result of an agreement between the governments of Tunisia and Saudi Arabia. Its focus was originally on the expansion of tourism in Sahara, cattle farming and the dairy industry. In 2005 it became a universal bank. Tanya Andreasyan


co Institutional Asset Management in the Netherlands and Jyske Bank in Denmark. Jyske Bank wanted to address the demands of its high-end clients for more sophisticated and complex reporting with a detailed drill-down, according to Jacob Jensen, head of client service at the bank. The existing in-house developed solution was struggling to cope with these. The team at the bank evaluated Ver- milion and another UK-based vendor, Equi- pos, with its Coric offering (the vendor was subsequently acquired by Simcorp and is now known as Simcorp Coric). Vermilion demonstrated a high degree of competen- cy and could address the ‘quirks’ around the bank’s data structure, Peter Bruun, project manager at Jyske Bank, told IBS Journal. Tanya Andreasyan


© IBS Intelligence 2016


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