Dublin's CR2 is to install its flagship BankWorld product at Guernsey-based N M Rothschild.
The offshore private bank will initially use BankWorld for the secure delivery of wealth management services to high net worth customers over the Internet. In later phases, N M Rothschild plans to implement a Web-based foreign exchange trading module; and provide mobile banking services to handheld devices via the BankWorld WAP (Wireless Application Protocol) gateway.
"The Internet represents an important new delivery channel for our private banking business," says Peter Rose, managing director, N M Rothschild & Sons. "Operating over a 24-hour global network we will be able to service our existing customers more effectively and extend our philosophy of personal service to a wider audience."
Rothschild's customers will use BankWorld to perform balance enquiries, view and print statements, monitor transactions, conduct account transfers and as a platform for direct communication with their personal account manager. Client confidentiality will be assured via the exchange of digital signature certificates.
The service will be augmented by a real-time foreign exchange trading capability early next year, targeted at the intermediary community, featuring live prices for dealing fx spot transactions. This will be followed by the roll-out of mobile banking services via WAP-enabled consumer electronic devices and mobile phones.