The National Bank of Dubai (NBD) is implementing wealth management technology from Odyssey Asset Management Systems to support its expanding private banking operations.
Under the agreement, NBD will roll out Odyssey's portfolio management system Triple'A and client relationship management tool, Advisor. The system is expected to be live at the end of June 2004.
The products will be delivered and implemented by Odyssey's local partner in the Middle East, Raqmiyat - a provider of software and services to financial institutions.
Faranak Foroughi, head of NBD's private office, says: "We are striving to deploy state-of-the-art solutions in order to offer our customers the best services."