London, 9 April 2003 - Financial Objects, a leading supplier of advanced
technology banking software and services, announced that C Hoare & Co, the
UK's longest established private bank, has gone live with activebankÂ² for
its foreign currency retail banking operation.
This is the latest step in a long-term collaboration between Financial
Objects and C Hoare & Co. activebankÂ² will consolidate multiple applications
onto a single platform, and allow the bank to deliver services over a wide
range of delivery channels, including the Internet. The system will enable C
Hoare & Co to speed up processes, improve efficiency, and devote more time
to the exclusive personal service for which it is renowned.
Alexander Hoare, partner at C Hoare & Co, says: "Our customers, including
trusts, charities, businesses and high net worth individuals, are among the
most exacting in the world. Financial Objects was selected as software
supplier best able to provide us with a modern banking system, which is
flexible and powerful enough to meet our clients' varied needs. activebankÂ²
also provides a platform on which we can deploy additional component-based
technology in the future, allowing us to respond to the evolving needs of
The most recent installation brings all foreign currency accounts onto the
activebankÂ² platform, following the successful rollout of the treasury front
office in July 2001. The project will be completed, with the installation of
back office treasury components and the incorporation of all sterling-based
accounts onto activebankÂ².
David Carruthers, chief executive officer, Financial Objects, says: "It has
been extremely interesting to work with such a unique organisation. C Hoare
& Co combine the best of new and established banking practices, leading the
field in terms of technology, while maintaining the traditional values of
quality, integrity and personal attention. By selecting activebankÂ², the
bank has demonstrated its commitment to enhancing operations while
continuing to deliver the highest standards of customer service."