Press Release

The World Bank Goes Live on V3

Vitech, a leading provider of investment, insurance and pension administration software, announced today that The World Bank, one of the world’s most prestigious financial institutions, is now live on Vitech’s V3 system.

This go-live represents the completion of a multi-month, joint implementation project undertaken by Vitech and The World Bank team. V3 was selected for its robust fund management and unitized investment administration capabilities.

“We are so pleased that The World Bank is enjoying such success with V3,” said Frank Vitiello, Vitech’s President.”We look forward to a long relationship supporting The World Bank’s vision and the hard work of our combined teams.”

V3 is a highly scalable and configurable administration solution designed to meet the unique needs of investment, insurance and retirement organizations. Built on contemporary technology, V3 is a browser-based software solution for the management of complex, multi-layer unitized and non-unitized fund structures.

About The World Bank Group
The World Bank Group, is headquartered in Washington, D.C. with 10,000+ employees in 120+ offices worldwide. It is a vital source of financial and technical assistance to developing countries around the world. Its mission is to fight poverty with passion and professionalism for lasting results and to help people help themselves and their environment by providing resources, sharing knowledge, building capacity and forging partnerships in the public and private sectors.

About Vitech
Vitech Systems Group, Inc. is a leading provider of administration software to investment, insurance and retirement organizations. Vitech’s V3 for Investment software is a complete investment administration solution. It offers native business functionality, as well as enterprise functions including workflow, CRM and imaging capabilities. Vitech provides its clients with proprietary enterprise software, related implementation services, ongoing support, and cloud-based application hosting. For more information, please visit