24 September 2017
visit www.avoka.com

Lloyds TSB International Private Banking pilots BITA Star system

15 November 2005  |  2426 views  |  0 Source: BITA Risk Solutions

BITA Risk Solutions, a division of Cor Financial Solutions Ltd., today announced that Lloyds TSB International Private Banking (IPB) has gone live with a pilot implementation of the BITA Star solution, a market leading client risk profiling and strategic asset allocation solution for private banks and wealth managers.

The first phase of system roll-out is now complete with a team of relationship managers and investment experts using BITA Star in Geneva.

BITA Star provides private banks, wealth managers, family offices and private client investment managers with sophisticated risk profiling and strategic asset allocation capabilities. Combining advanced risk profiling, asset class level allocation and unparalleled reporting capabilities, BITA Star delivers institutional levels of investment sophistication within a specifically designed private client methodology.

A key benefit of the system for clients is the flexibility of BITA Star to include structured products alongside an unlimited number of traditional and alternative asset classes when constructing suitable strategic asset allocations for clients. Advanced features such as currency hedging and multi-period cash flow optimisation can also be included within the bespoke asset allocation tool.

Cary Adams, Managing Director of Lloyds TSB IPB said: "The BITA Star project is perceived by our management team as a key strategic initiative intended to bring significant benefit to the bank and its clients. We have developed a close and successful working partnership with BITA Risk Solutions which has resulted in a successful installation tailored to our demanding needs."

Daryl Roxburgh, Head of BITA Risk: "We are delighted that Lloyds TSB IPB has become the latest organisation to implement BITA Star. Having worked so successfully through the initial stages of deployment we have no doubt that BITA Star meets Lloyds TSB IPB's client investment and risk profiling needs while helping to reduce their business and regulatory risks. The high level of client facing functionality delivered by BITA Star will help to strengthen Lloyds TSB IPB's client acquisition process, whilst also enabling them to successfully manage and meet their client expectations."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.temenos.comdownload the paper nowvisit www.capgemini.com

Top topics

Most viewed Most shared
HSBC switches on selfie payments in ChinaHSBC switches on selfie payments in China
13618 views comments | 29 tweets | 44 linkedin
AXA launches blockchain to cover late flight compensationAXA launches blockchain to cover late flig...
10323 views comments | 14 tweets | 30 linkedin
Apple P2P payments service nears launchApple P2P payments service nears launch
8669 views comments | 19 tweets | 27 linkedin
SBI Ripple Asia advances on South KoreaSBI Ripple Asia advances on South Korea
8587 views comments | 16 tweets | 1 linkedin
ISO 20022: The common language of choiceISO 20022: The common language of choice
8350 views comments | 1 tweets | 2 linkedin

Featured job

A minimum of £200K (not a limiting factor)
London

Find your next job