NAB Scraps ‘System X,’ Enlists StatPro to Solve Performance Data Quality Issues
The bank's custodian arm is using StatPro's new Revolution Performance module to replace five former systems used for portfolio performance analytics.
NAB now has daily intraday data flowing through StatPro Revolution Performance, and next week will finish migrating eight clients onto the platform, with a target date of mid-2017 to have all clients live. As a fund administrator and Australia’s largest custodian, NAB provides performance measurement and analytics services to its asset manager clients.
The bank turned to StatPro after experiencing issues relating to data quality and cost with previous systems. “NAB wanted to be able to offer
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