Accurate Software Extends its South African Client Base

RMB Asset Management, a wholly owned subsidiary of South Africa’s largest financial services group, FirstRand, has implemented Accurate’s Operational Risk Management product, Accurate NXG, for cash and securities reconciliations. Accurate NXG provides a single reconciliation product for all cash and securities reconciliations as well as a central data source for management information reporting. RMB Asset Management required a solution to centralise its cash and securities transaction processing onto one reconciliation platform. Accurate NXG has replaced an existing third party securities reconciliation system. Beverley van Niekerk, head of investment administration at RMB Asset Management, said: “Accurate NXG meets our specific requirements for a single source for all reconciliations and exceptions, and delivers a consolidated view of transactional risk.”


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