Germany's HVB Group has implemented Odyssey's investment management platform Triple'A to support the private banking operations of HypoVereinsbank.
HVB’s chose the system to to increase efficiency by automating investment management processes, workflows and compliancy controls and implementing straight-through processing (STP).
Odyssey adds that Triple'A will reduce costs as well as time-to-market for HVB's new banking products.
Munich-based Bankhaus Maffei went live with system in September 2002.
Jan Wohlschiess, head of private banking IT (HVB Wealth Management), says: "Learning from the Bankhaus Maffei experience, we can clearly state that Odyssey, with Triple’A and their professional service consultants, is a reliable, competent partner that can help us in reaching our ambitious targets."
Triple'A is operational at banks in Hamburg, Frankfurt, Munich and Vienna. The French-headquartered vendor says it is committed to increasing its local presence in Germany and Austria.