Press release from CNW Group
National Bank Improves its Guaranteed Investment Products Distribution Through a Partnership with RPM Technologies
Monday, June 03, 2013
National Bank Improves its Guaranteed Investment Products Distribution Through a Partnership with RPM Technologies15:54 EDT Monday, June 03, 2013
MONTREAL, June 3, 2013 /CNW Telbec/ - National Bank is pleased to announce a partnership with RPM Technologies to implement R•Term, its exchange and settlement platform for the distribution of guaranteed investment products, thereby improving the Bank service offering to investors and financial institutions.
This partnership is one of the steps National Bank has taken to roll out the red carpet for its clients, notably by offering them quick access to a wide range of products that meet their needs. Martin Gagnon, Senior Vice-President of Intermediary Services at National Bank, stated: "With this new partnership, our team will be able to spend more time serving our clients. Standardizing and simplifying processes has enabled us to minimize administrative processing times to provide an uncompromising quality of service."
Dave Poppleton, President and Chief Executive Officer of RPM Technologies said: "We are very pleased to have established this strategic partnership with National Bank, which conducted an in-depth analysis of the options available on the market before selecting our platform. The fact that it was chosen demonstrates that it is a solid investment product management solution, and confirms its status as a benchmark in the industry."
The R•Term platform provides a secure and flexible framework-that can accept orders both from the Cannex network as well as GICSERV-to better manage investment product distribution, as well as simplify data management and the exchange of information and funds with Bank clients.
About RPM Technologies
RPM Technologies is a privately held Canadian company focused on building software solutions for the Canadian financial services marketplace. RPM has been providing business solutions to the investment industry for over 15 years. Its staff of more than 100 business and technical experts provides services to financial institutions in Canada. RPM is considered an industry leader in investment product distribution and management. RPM's enterprise platforms are implemented within all sectors of the wealth management market, including banks, dealers (IIROC and MFDA) and investment funds.
About National Bank of Canada
With $185 billion in assets as at April 30, 2013, National Bank of Canada (www.nbc.ca), together with its subsidiaries, forms one of Canada's leading integrated financial groups, and was named among the 20 strongest banks in the world by Bloomberg Markets. The Bank has close to 20,000 employees and is widely recognized as a top employer. Its securities are listed on the Toronto Stock Exchange (TSX: NA). Follow the Bank's activities via social media and learn more about its extensive community involvement at clearfacts.ca and commitment.nationalbank.ca.
SOURCE: National Bank of Canada
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