SunGard and Oddo Services Switzerland have collaborated to deliver SunGard's Ambit Private Banking solution on a business process outsourcing (BPO) platform.
As part of this, Oddo Services Switzerland is now hosting BHF Bank's (Switzerland) back office infrastructure on the BPO platform, which combines SunGard's Ambit Private Banking application service provider capabilities with Oddo Services Switzerland's BPO expertise.
Running Ambit Private Banking on the BPO platform helps Swiss private banks free up resource to focus on core business strategies that drive growth.
"We are very happy with the new offer from Oddo Services Switzerland. The partnership we have entered into with Oddo enables us to concentrate wholly on our banking business and on the needs of our highly exacting clientele", said Hans-Peter Fornoff, chief executive officer of BHF Bank (Switzerland).
"We are very enthusiastic about this alliance with SunGard, which combines powerful, proven software with trusted services expertise to Swiss banks at a time when their business needs it most. Oddo Services is an experienced BPO provider to the private banking industry, while SunGard's Ambit Private Banking suite has successfully helped Swiss private banks improve their operational efficiency. Together SunGard and Oddo Services provide banks with a comprehensive range of outsourcing services that help banks realize cost, risk and efficiency improvements," said Olivier Rolland, managing director of Oddo Services.
"SunGard's work with Oddo Services is another step for SunGard in its services capabilities for private banks in Switzerland. We decided to collaborate with Oddo Services based on the strength of its BPO expertise specifically in private banking. The ability to outsource applications, infrastructure and operations to two trusted service providers will help banks focus on their core business and growth," added Daniel Bardini, chief operating officer of SunGard's Wealth and Private Banking business.