Mauritius: Partnership between SBM Bank and Miles Software

Miles Software announced earlier this week that it has formed a strategic partnership with SBM Bank (Mauritius) Ltd. (SBM) and SBM (NBFC) Holdings Ltd., one of the largest banks in Mauritius.
This will involve new partners launching a technology platform called “MoneyWare” at the bank and NBFC level.
The goal of SBM is to become the leading and most trusted financial services provider in Mauritius and beyond, the financial market expertise of Miles, the MoneyWare platform’s capabilities in private wealth management, custody , valuation and accounting, financial secretariat, asset management and portfolio management for clients in the brokerage industry.
According to Samir Khare, director of information systems at SBM (Mauritius) Ltd., “MoneyWare will provide SBM with a product and service offering for its customers and a better banking experience.”
According to the CEO of Miles Software, the company “is involved to establish a strong presence in continental Africa while laying the foundation for better access.”
As a reminder, Miles Software is a global fintech giant in the wealth, portfolio and asset management industry. MoneyWare, its flagship product, is ranked # 1 in private banking solutions.