Milvus Software will upgrade its key Milvus Private Banking product at a cost of £3m, said Managing Director Tony Nicholls. The company is being supported in the investment by its previous parent, Blue Diamond Group. The Guernsey administration has issued some new licences for key staff on the island, but recruitment remains a problem for the company. Mr Nicholls sees the new development as an essential part of the company's strategy to stay at the forefront of the Channel Islands banking software sector.
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