Intesa Sanpaolo Private Banking Suisse has chosen Avaloq’s Business-Process-as-a-Service (BPaaS) solution to accelerate the integration of legacy systems and new client assets.
The vendor said that its BPaaS solution will support the bank’s client acquisition and geographic expansion plans.
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The bank deployed the solution using Avaloq’s ready-for-business approach, which involves using a BPaaS solution based on a pre-tested standard.
The ready-for-business approach reduces expenses and time to market, the vendor said.
Avaloq member of the group executive board and regional manager for Switzerland and Liechtenstein Tobias Unger said: “The quick implementation of Avaloq’s BPaaS solution is a testament to both the strength and depth of our service suite implementation methodology and, significantly, the increasing role that BPaaS is set to play in the future of the world’s banking and wealth management industry.”
Intesa Sanpaolo Private Bank Suisse is the Lugano-based arm of the Fideuram – Intesa Sanpaolo Private Banking Group, which managed €214bn in assets at the end of 2017.
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