TrustQuay, the leading technology provider to the corporate services, trust and fund administration markets, has today announced it has completed 21 new migrations and software installs during the COVID-19 pandemic.
Since March this year, which saw the imposition of national lockdowns, travel restrictions and social distancing rules, TrustQuay has successfully increased its business momentum by managing and implementing these projects by working almost entirely remotely from the client’s site.
Within the 21 go-lives delivered, these include 9 migrations from older platforms to TrustQuay’s flagship products, TrustQuay NavOne and TrustQuay 5Series, 8 new client implementations from scratch, and 4 existing global clients adding new jurisdictions onto their NavOne and 5Series coverage. The go-live activity was spread across 18 different clients in 13 jurisdictions globally, including Jersey, Guernsey, Isle of Man, Mauritius, Singapore and the Bahamas.
Keith Hale, Executive Chairman of TrustQuay, comments: “Throughout the coronavirus pandemic our implementation work has continued at a remarkable pace given we have almost entirely been working from home. I’m very proud of the team’s efforts in these exceptional times and we are all delighted to have delivered 21 go-lives since March.
“Despite the restrictions imposed by the pandemic, the drivers of the corporate services, trust and fund administration market remain - increasing consolidation, ongoing demands from regulators and rising digital expectations of end clients.
"These, in turn, are driving firms to digitally transform their business models in order to remain competitive and create new revenue opportunities. We expect this trend to continue into 2021 and beyond.”