SunGard and InCore unite for simpler processing 24 February 2015Zurich Reporter: Stephanie Palmer
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SunGard is pairing up with Swiss bank InCore Bank AG to deliver a collaborative solution for reducing operational complexities for Swiss private banks.
The solution combines SunGard’s Ambit Private Banking solution suite with InCore’s banking business services to create a new business process outsourcing platform.
It will introduce new tools and services to lower operational risks and costs, addressing the pressures of regulatory change and reduced revenues, and the trend of banks implementing new models.
The new services will include front-office solutions and create standardised and automated back office facilities, allowing banks to focus on their primary, client-related tasks. The new platform is designed to cater to both present challenges, and others that may arise in the future.
InCore CEO Roland Eilinger said: “This new alliance offers the benefit of a ‘one-stop shop’ for private banks and removes the burden of maintaining back office processing from these firms, who can now interface with a single partner to help reduce complexity and operating costs. Coupled with the strength of SunGard’s private banking technology, we are offering a unique and comprehensive outsourcing model specifically serving the Swiss private banking industry.”
Daniel Bardini, COO of private banking at SunGard, said: “This collaboration goes beyond a simple business proposal. We see this as a platform for industry collaboration as we strive to introduce greater standardisation and efficiency within Swiss private banking and help Swiss private banks optimise performance amid widespread and complex change.”
“We are confident that this new offering will be an enabler of great business benefit for these banks in helping them lower complexity and rationalise costs while enhancing efficiency and ultimately overall business performance.”
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