Smith & Williamson in system selection mode
Smith & Williamson, a UK-based investment, tax and accountancy services firm, is looking for a core processing system, Banking Technology understands.
The company declined to comment on the matter. “We’re developing a number of things but unfortunately I wouldn’t think we’ll be in a position to comment appropriately on them for the foreseeable future,” a spokesperson told Banking Technology.
It is understood that Smith & Williamson has issued an RFP for a new core processing system, compiled by local consultancy Goodacre. Goodacre will be also assisting with the selection process.
Banking Technology understands a number of “usual suspects” from the core banking software world are on the list, such as Temenos, Avaloq and ERI.
Smith & Williamson is the UK’s eighth largest accountancy firm, with revenues of £213.9 million for the year ending 30 April 2015. It employs 1,600 people. It provides accountancy, tax, financial advisory, investment management and private banking services to a range of clients, from individuals and families to entrepreneurial businesses, mid-large corporates, professional practices and non-profit organisations.