HVB Group deploys Odyssey's Triple'A for private banking

Germany's HVB Group has implemented Odyssey's investment management platform Triple'A to support the private banking operations of HypoVereinsbank.

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HVB Group deploys Odyssey's Triple'A for private banking

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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.

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