19 August 2017
Find out more

Falcon Private Bank goes live with B-Source Master

30 January 2013  |  1098 views  |  0 Source: B-Source

B-Source successfully migrated Falcon Private Bank with its global locations to the B-Source Master at the beginning of the year. This will enable the established Swiss private bank to further optimize its processes and concentrate on its strategic expansion.

The successful migration of Falcon Private Bank to the B-Source Master means another Swiss financial institution has put its faith in B-Source's reliable and innovative banking solution. Falcon Private Bank opted to outsource the operation of its banking platform and migrate it to the B-Source Master, an Avaloq-based banking application landscape using the ASP (application service provisioning) model. All three banking locations in Switzerland, Hong Kong and Singapore were migrated. The work was successfully completed within 15 months, a short period given the differing regional legal regulations. Orbium, a long-standing partner of B-Source, also played a decisive role in the successful project implementation.

By outsourcing its banking platform, Falcon Private Bank has a powerful, efficient and scalable banking solution that will allow it to focus on its strategic expansion in emerging markets. The bank chose B-Source in part due to its extensive expertise and long-standing experience not only in Switzerland but also with locations in other countries.

"The main reason behind our decision was B-Source's experience in international outsourcing business, as we wanted to migrate several locations to the new banking system at the same time," explains Tobias Unger, COO of Falcon Private Bank. "The migration of our banking platform to the B-Source Master creates the basis for optimal fulfilment both of our clients' growing demands for higher quality service and of new regulatory requirements, and for pressing ahead with our global strategy and direction," adds Unger.

"The migration of Falcon Private Bank to the B-Source Master is a further success for us, and we are proud to count another renowned first-class Swiss private bank among our clients in the shape of Falcon Private Bank. B-Source's long-standing experience with international private banks enabled us to successfully implement this challenging project in a very short time and to a high level of quality," says Markus Gröninger, CEO of B-Source AG. 

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.dorsum.euvisit www.worldpaymentsreport.com

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
8587 views comments | 23 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
7642 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
6848 views comments | 10 tweets | 7 linkedin
hands typing furiouslyWhy Blockchain Might Not Be The Future For...
6317 views 1 | 5 tweets | 3 linkedin
Apple sidelined as Beijing transit system launches payments appApple sidelined as Beijing transit system...
6161 views comments | 11 tweets | 9 linkedin

Featured job

Find your next job