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Cadence bank selects Fi-Tek's TrustPortal to manage growth

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Soma Tah
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EDISON, USA: Fi-Tek announced that Cadence Bank has gone live on the company's fully integrated wealth management solution, TrustPortal. TrustPortal facilitates wealth managers in consolidating their business functions onto a single platform with the client's entire wealth management life cycle in mind.

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As a result of Cadence Bank's acquisition of Encore Bank, Cadence needed a Wealth Management solution that would allow Cadence to manage their trust business across multiple locations on a real time and efficient basis. TrustPortal met those needs enabling Cadence Bank to scale their wealth management business and concentrate their efforts on their clients.

Cadence Bank recognizes that Fi-Tek is continually enhancing the system with the latest functionality which gives Cadence the ability to stay current with the market. TrustPortal helps Cadence Bank provide their clients with a one-stop shop for full wealth management of their entire relationship needs.

"As a user of the Fi-Tek TrustPortal system for more than 20 years we were anxious to continue an accounting and investment package that we could trust when we bought a bank with a large substantial trust department and realized we would need to merge the two entities," said John Davis, executive VP of Trust Services at Cadence Bank.

"Over the last five years, we have invested heavily into new technology and developing wealth management lifecycle functionality to make TrustPortal an efficient market leading solution to help companies like Cadence manage their business efficiently," said Subir Chatterjee, president and CEO of Fi-Tek.