Swissrisk receives global license for all CSK Software products

Source: Swissrisk

Swissrisk AG has concluded a partnership agreement with CSK Software AG, receiving a global license to all products and solutions of CSK Software, making a significant move towards a complete portfolio of Wealth Management Solutions.

Clients will experience significant advantages due to reduced integration times as well as improved straight-through-processing capabilities.

A group of swiss investors led by Dr Thomas Wolfensberger, who in turn is a major shareholder and CEO of Swissrisk AG previously announced that it had acquired 100% of all shares of CSK Software from the Japanese CSK Corporation (NASDAQ, TSE). This partnership represents Swissrisk's commitment to offer its clients complete Private and Retail Banking front office solutions incoporating excellent straight-through-processing capabilities.

Thomas Wolfensberger, Chief Executive Officer of Swissrisk, commented: "Swissrisk now has at its disposal an integration layer specifically designed to meet the needs of our clients within the financial services industry. We will be in the position to efficiently model various surrounding business processes and can thereby offer our clients lean, complete and highly customized solutions."

CSK Software, founded in 1979, focusses on areas such as payment inquiry, SWIFT integration, securities trading and settlement, real-time data distribution and fund management within the financial services industry. Headquartered in Frankfurt, CSK Software maintains offices in London, Luxemburg, Madrid, and Zurich.

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