Source: Odyssey Asset Management Systems
Odyssey Asset Management Systems, a leader in wealth management & private banking solutions and Numcom Software, a leading provider of solutions to create and deliver interaction-oriented business processes for financial institutions have announced a strategic technology alliance.
Through the provisions of this partnership Odyssey embeds Numcom's Nm'4.5 software product, a J2EE compliant software solution with the Odyssey Component Suite.
Ever changing compliance regulations have put more pressure on banks to look at ways of improving operational efficiencies and automate business rules. In response to those market requirements, Odyssey decided to fully embed Nm'4.5 functionality with its suite of components to form a solution that enables banks to considerably streamline increasingly complex client account opening procedures and ease the preparation and management of contractual documents by front-office staff.
With this move, as part of its Relationship Management Workstation, Odyssey provides a comprehensive and fully integrated client account opening as well as compliance and due diligence solution. The solution includes client data gathering, name matching, contract and internal document preparation and the approval process.
"The partnership with Numcom allows Odyssey to extend significantly the functionality and value of our relationship manager solution," said Antoine Duchateau, CEO of Odyssey Asset Management Systems. "Numcom has brought innovative thinking and bridged a gap in the demanding area of rule-based Electronic Forms. Nm'4.5 has been selected for the robustness of its J2EE compliant technology, its integration and deployment flexibility and the business know-how that the software encapsulates," added Mr Duchateau.
Hanspeter Wolf, co-founder and CEO of Numcom Software said, "We are extremely pleased to have been selected by Odyssey. Numcom's Software provides a natural extension to Odyssey's Relationship Manager Workstation, by allowing customers to better ensure compliance with policy and regulations across human-based business processes."