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Piraeus & BNP Paribas go live with Profile wealth management system

27 May 2010  |  4633 views  |  0 Source: Profile

The joint-venture of Piraeus Wealth Management & BNP Paribas, a leading wealth management organization, has gone live with PROFILE's FMS / IMSplus Wealth management system to support its demanding portfolio and wealth management requirements offering improved services to its esteemed clientele.

The joint venture was created from the strategic partnership of the respective divisions of Piraeus Bank and BNP Paribas Bank, with the aim to provide an enhanced and high-class level of services to corporate and individual clients. Following a careful consideration and a selection process of local and international vendors Senior Management decided to implement FMS/IMSplus due to its unparallel functionality and proven practice at the European level.

The experienced and professional team of PROFILE's consultants offered complete coverage to the demanding requirements set by the Senior Management while facilitating seamless migration and integration from the banks' legacy systems. FMS/ IMSplus Wealth Management fully accommodates the requirements of personal investment accounts and the respective interfaces with the banks' systems, the counterparties for executing orders, the automation of Custody procedures and it ultimately offers an integrated approach for the whole spectrum of wealth management requirements in the organization.

FMS/ IMSplus covers front-to-back all the operations required in Wealth management and Private Banking via an advanced set of tools to support the complete provision of all types of investment products and services. The organisation's clients experience a personalized approach on their portfolio management and respective information, under a secure environment with strict systemic checks and controls according to the MiFID Directive. The system through STP processes and modern tools accommodates a wide range of different investment products provided by the new wealth management joint venture. It also enables optimization on procedures and reduction of operational cost with improvement in the sales cycle, time to market, control and risk management.

PROFILE is continuously improving its range of solutions to ensuring the maximum possible return to its customers to assist them in achieving their business objectives and thus becoming a reliable partner fulfilling current and future requirements.

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