CTS Trade IT a. s. is expanding its product CTS (Clever Trading Solution) at UniCredit Bank Czech Republic and Slovakia to include comprehensive support for the distribution of mutual funds and the investment products of the UniCredit Bank Group.
CTS will oversee the entire distribution process, from the collection of instructions at branches via a thin client (CTS Web), their validation, aggregation at middle-office and the crediting of the security to nominee accounts, to back-office custody services.
CTS at UniCredit Bank will deal with regular investments in mutual funds. The system will also support the sale of the bank's own products (bonds, certificates and shares), including overseeing primary subscriptions and their secondary trading.
Another important area covered by the project involves the regulatory requirements ensuing from MiFID. CTS will perform the role of main system for the management of investment questionnaires and hold records of MiFID profiles of bank clients using investment services.
"We chose CTS TRADE IT above all because of the positive experience we have with its previous projects and also because of the comprehensive solution that we requested. We value greatly the company's experience in the sphere of branch distribution. Implementation of CTS will continue to improve and simplify customer service," says Petr Noháč, manager of third party applications, UniCredit Bank.