Country for PR: United Kingdom
Contributor: PR Newswire Europe
Monday, August 13 2018 - 17:42
Miles Software Enters Into Strategic Partnership With State Bank of Mauritius Group to Launch MoneyWare Across the Bank and the NBFC
MUMBAI, DUBAI, UAE and PORT LOUIS, Mauritius, August 13, 2018 /PRNewswire-AsiaNet/ --

     Miles Software [], the Global Fintech giant in the 
Wealth, Asset, Portfolio management and Custody business, today announced the 
strategic partnership with SBM Bank (Mauritius) Ltd (SBM) and SBM (NBFC) 
Holdings Ltd to launch their flagship technology platform, MoneyWare, across 
the bank and the NBFC.


    SBM is among the country's largest banks in Mauritius. The partnership 
combines SBM's vision to be the leading and the most trusted financial services 
provider in Mauritius and beyond, Miles capital markets expertise, MoneyWare 
platform's capability in Private Wealth, Custody, Valuation and Accounting, 
Registrar Services, Asset Management and Portfolio Management for Brokerage 

    Samir Khare, CIO, SBM (Mauritius) Ltd, adds, "SBM has established its 
leadership position in the regional financial services industry, and with this 
strategic engagement with Miles Software, the bank will be able to reinforce 
this position with even more innovative solutions and higher standards in 
customer service. We are confident that the MoneyWare suite, some of the 
modules we have already implemented and are live, will enable SBM to offer 
products & services to its customers and a better banking experience. This is a 
long standing strategic relationship with the Global Private banking technology 
company and we are encouraged by their operational excellence, solution 
scalability, thought leadership and commitment of the team."

    Milan Ganatra, CEO Miles Software, adds, "SBM is a strong brand that is 
truly representative of their offline and online customers. We stay committed 
to our strategy and execute our strategic initiatives in a disciplined manner 
which will bring in more business and profitability to the bank. Miles Software 
is investing toward the establishment of a strong footprint in continental 
Africa while laying the foundation for a better access."

    SBM Group []: SBM Holdings Ltd (i.e. the Group 
entity) is a financial investment holding company listed on the Stock Exchange 
of Mauritius. With a market capitalization of MUR 23.4 billion as at 30th April 
2018, SBM Holdings Ltd is the third largest listing in Mauritius. SBM Holdings 
Ltd is engaged in banking, non-banking financial services as well as 
non-financial investments. The Group is present in Mauritius, Kenya, India and 

    Miles Software []: A Global Fintech 
giant in the Wealth, Portfolio and the Asset management industry. MoneyWare, 
our flagship product is ranked #1 Private banking solution (SLT 2016-18, IBS 
Intelligence, UK).

    Press Contact:
    Nithya Mahesh

    Source: Miles Software