The solution will be developed within the Private Banking Department of Access Bank UK Ltd.
As stated in a related announcement, Access Bank UK Ltd., based in the United Kingdom and a subsidiary of Access Bank Plc – one of Africa's leading and fastest-growing financial institutions – plays a crucial role in facilitating global trade and sustainable development, offering a wide range of innovative products and services, including Asset Management, Commercial Banking, and Trade Finance.
The Axia Suite solution will enable the optimization of the bank's client onboarding workflows, which will be accessible both internally to system users and externally through registration on the client portal. Additionally, the solution will enhance front-office operations by providing advanced portfolio modelling and rebalancing capabilities, as well as efficient order management, offering the ability to group and allocate transactions in bulk.
A core component of the Axia solution is the Digital Investments Hub (DI.hub), which plays a pivotal role in the bank's digital transformation journey, enriching the customer-centric experience and improving the overall client experience. Starting with self-onboarding, clients executing orders will be able to route and register transactions via the app, confirm these with the bank, and receive detailed reporting through a modern online platform.
On the back-office side, the Axia solution will manage the bank's operations, supporting fully automated straight-through-processing (STP) workflows from transaction registration to settlement. This approach will ensure seamless and efficient communication between the bank and its counterparties, significantly enhancing accuracy and operational efficiency.
Access Bank UK Ltd. will benefit from complete control over its operations on a unified, integrated investment platform. Furthermore, the solution’s ability to easily adapt to market demands enables the bank to significantly enhance and accelerate the delivery of personalized solutions to investors.
Mr. Jamie Simmonds, Chief Executive Officer and Managing Director of Access Bank UK Ltd., stated: "Our partnership with Profile is a strategic move in our efforts to enhance personalized wealth management services. We have been impressed by the functionality and flexibility of the Axia solution, as well as its ability to address our specific needs by delivering immediate, tailored portfolio management solutions to our clients and enhancing their overall experience."
Mr. Evangelos Angelidis, Chief Executive Officer of Profile, commented: "We are pleased to welcome Access Bank UK Ltd. to the Axia Suite user community and to contribute to their journey toward digital transformation. The decision to implement Profile's integrated Wealth Management solution reflects our ability to provide client-centric solutions that support business efficiency and regulatory compliance, while enriching the customer experience journey. We look forward to a strong partnership that will enable Access Bank UK Ltd. to thrive in an increasingly competitive and evolving market."
Profile remains committed to its vision of providing innovative solutions that empower financial institutions and companies worldwide to fully leverage their potential for the benefit of their clients.
