Baumann & Cie Banquiers Basel selects SunGard's Apsys
12 May 2008 | 2617 views | 0
SunGard today announced that Baumann & Cie Banquiers Basel, a Swiss private bank and investment manager serving private and institutional clients, has chosen Apsys, part of SunGard's Ambit banking solution suite, to provide it and its subsidiary bank Trafina Privatbank AG with a central core banking system, featuring integrated straight-through processing, multi-entity and front-office advisor capabilities. Apsys is a solution that provides fully integrated front-to-back-office processing for wealth management and private banking operations (www.sungard.com/apsys).
Baumann & Cie required a solution that would help it to achieve economies of scale by combining its core banking operations with Trafina Privatbank, while also providing front-office banking capabilities for the two legal entities.
Apsys' multi-entity capabilities will help Baumann & Cie to consolidate the back-office processing of both banks within a single platform, giving it the ability to view its operations holistically for profitability and risk. The bank will also be able to use the Apsys Business Intelligence (BI) platform for bank performance and custom reporting. Apsys will supply each entity with its own set of front-office advisory tools for client relationship management (CRM) and portfolio management, as well as Web-based eBanking access capabilities, all of which integrate with the central Apsys core banking system.
Matthias Preiswerk, partner at Baumann & Cie, said, "We needed a more efficient system to allow our advisors to concentrate on servicing clients with a higher degree of quality and efficiency. SunGard's Apsys offers this by providing significantly improved front-office support and straight-through processing, helping advisors to effectively manage client needs across the full spectrum of service operations."
Werner Kriech, branch manager of SunGard's Apsys Zurich office, said, "The Apsys solution was designed specifically to meet private banks' evolving requirements for integrated solutions that help to add value to their client relationships. Following a nine-month evaluation process, Baumann & Cie chose Apsys to help it meet higher client expectations for quality and service. Apsys provides the ability to consolidate multiple back-offices, allowing shared data to be maintained and stored centrally. This helps organisations such as Baumann & Cie to significantly reduce the cost and effort of managing and maintaining separate systems and IT operations, while providing centralised business intelligence."