Dexia Épargne Pension chooses Linedata Services’ Chorus solution
11 July 2005
Linedata Services, a leading provider of software and services to the global financial services marketplace, today announced that it has signed a contract with Dexia Épargne Pension for its fund management and accounting solution, Chorus, and its integrated financial information service, Nile. Dexia Épargne Pension, a fast growing company in individual and group life insurance, already uses Linedata Services’ Master A solution to manage all its savings and life insurance products.
Yves Bidel, CEO of Dexia Épargne Pension explains: “Our choice is based first and foremost on the strong functional integration between Chorus and our current and future needs, and on Linedata Services’ prestigious customer base in our sector of activity. In addition, seamless integration between Chorus, the financial information service Nile, and the software solution Master A, raises the prospect of very significant productivity gains at operating level. We will be able to enhance our range of life insurance products, at the same time as having integrated access to one of the most comprehensive sources of financial data that will also enable us to conduct rigorous and efficient asset/liability reconciliation, in strict compliance with the new regulations.”
Habib Aouad, Chief Operating Officer of Linedata Services Asset Management France, adds: “This contract represents a major event for Linedata Services in several respects. This latest success will confirm Chorus’ premier position in the fund management and accounting solutions market in France. Following its choice of Linedata Compliance and Master A in particular, Chorus is the latest addition to the range of Linedata Services software solutions used by the Dexia group internationally, which will further strengthen our long-term partnership with this first-class financial group. Dexia Épargne Pension has become the 5th establishment to choose the Chorus and Master A solutions for asset/liability management, thereby demonstrating the relevance of Linedata Services’ strategy in offering a range of top-performing, best-of-breed solutions, designed specifically for the international financial world.”