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Governance.com, the low-code process management platform for regulated companies, has announced a five-year deal with Apex Group to implement a digital process management platform and systems.
Apex Group’s Luxembourg-based entity, European Depository Bank (EDB), will be the starting point of the digitisation partnership that will enable Apex to deliver services to its clients, underpinned by robust regulatory compliance.
By digitising Apex’s process management systems, the new process management platform will support EDB's depositary duties including asset registration, ownership verification and regulatory oversight. The new platform solution will be used by EDB’s teams across several locations including Ireland.
Through EDB, Apex offers independent banking, depositary and custody services to institutional investors and asset managers for Undertakings for the Collective Investment in Transferable Securities (UCITS) and alternative investment structures, spanning the full spectrum of asset classes. The new deal will be executed with the support of global consultancy Alpha FMC to ensure expedient and effective implementation.
Peter Hughes, CEO and founder of Apex Group comments: “This new digitalisation partnership with Governance.com is indicative of our commitment to providing our clients with the widest range of services in the market, underpinned by the highest levels of regulatory compliance. By automating process management for regulatory checks and related operations, we are continually improving our efficiencies and service offerings to our clients, as we grow and expand our range of solutions.”
Bert Boerman, CEO and co-founder of Governance.com, adds: “Working together with EDB and Alpha FMC experts to quickly deliver our low-code process management platform and solutions means Apex entity, EDB, can perform its regulated duties while serving clients in a more efficient way. We look forward to supporting the Apex Group to digitalise operations and services, one process at a time so that these are more cost-effective, efficient and secure.”
