Tiller Technologies forms Channel Islands Partnership with Sionic
Tiller Technologies (Tiller) has formed a new partnership with Sionic-Jersey, the Channel Islands division of global financial services consulting firm Sionic.
The partnership will see Sionic deploy Tiller’s WealthXcel Onboard as their preferred client onboarding software for their offshore business across the Channel Islands. Sionic will also provide implementation support for clients wishing to install the software. WealthXcel Onboard is a multi-purpose digital client onboarding solution for financial services firms that offers advanced functionality and capability free from the issues caused by legacy technology and architecture.
Stuart Richford, Managing Partner and Sionic-Jersey lead, says: “The Channel Islands is a large offshore market and operational hub for trusts, banks and wealth managers all of whom need to on- board both individual customers and also highly complex vehicles. Traditionally, firms’ own internal structures can make client on-boarding a very painful process for all parties. We therefore set about a complete market scan of the solutions and best practice options available. WealthXcel Onboard provides the adaptability, the functionality and the capability clients require. We’re therefore delighted to be working in partnership to streamline complexity, reduce cost and accelerate the speed of these critical onboarding processes for our clients, to ensure they in turn provide the best possible service to their own clients too.”
Jonathan Wauton, Co-founder of Tiller Technologies, says: “Covid-19 has sharpened everyone’s focus on digital onboarding without face to face contact and paper-based processes. But the offshore market’s very particular requirements mean there few providers out there who offer highly sophisticated functionality and capability in one seamless digital workflow. We are delighted that the Sionic-Jersey team has recognised our exceptional capability in this field and we look forward to working together to create demonstrable and lasting client benefits.”