13 February 2016

Swisscom acquires Entris Banking IT outsourcing business

08 February 2013  |  3215 views  |  0 Buy Road sign

Swiss IT integration house Swisscom is to acquire the Entris Banking IT outsourcing business of RBA-Holdings, which provides services to 41 regional and savings banks across the country.

Financial details of the transaction were undisclosed, although Swisscom say it intends to invest a figure in the "mid double-digit million range" to build a new processing centre to house the business and its 250 employees. The deal, which is expected to close in March, forms a key plank in Swisscom's aim to increase revenue from the banking sector from Sfr270 million to Sfr400 million by 2017.

Andreas König, CEO of Swisscom IT Services, says: "We are building the processing centre of the future for banks in Switzerland. In doing so, we are reducing the costs of standardised banking processes and allowing banks to concentrate on their core competencies. Security, stability, reliability and efficiency are our priorities".

The acquired business unit will operate on the market under the Swisscom brand name from April 2013. The current CEO of Entris Banking, Philipp Perego, will take over management of the business within the finance division of Swisscom IT Services.

Jean-Baptiste Beuret, chairman of the board at RBA-Holding, comments: "The IT outsourcing business can be developed more effectively in this direction under the Swisscom umbrella. The services more closely related to banking, such as compliance services as well as the central banking functions and Entris Banking's banking licence are to remain with RBA Holding. These will continue to be offered under the name of Entris Banking for RBA banks."

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

03 April, 2009
13 September, 2004
08 January, 2004
23 November, 2001
07 September, 2001
Your browser is unable to support Flash files.

Top topics

Most viewed Most shared
UK sets out open banking API frameworkUK sets out open banking API framework
16147 views comments | 102 tweets | 91 linkedin
Deutsche Bank calls for co-operation with fintech firms on B2B servicesDeutsche Bank calls for co-operation with...
8962 views comments | 30 tweets | 30 linkedin
How to accelerate your fintech startupHow to accelerate your fintech startup
8528 views comments | 35 tweets | 9 linkedin
Is Paym a failure?Is Paym a failure?
7125 views 16 comments | 23 tweets | 16 linkedin
Visa issues API to offer consumer control over card transactionsVisa issues API to offer consumer control...
6518 views comments | 17 tweets | 28 linkedin

Featured job

to $120K base, double OTE, benefits
New York City, NY or Boston, MA (USA)

Find your next job