New Access SA, the Swiss banking software provider, today announces the successful go live of its front office solution for Leumi Private Bank Ltd at its branches situated in Zurich, Geneva and Lugano.
Leumi Private Bank Ltd acquired the application suite Equalizer II, Equalizer web & Xeres in 2011. The integrated solution has been implemented across Private Banking and Asset Management. It fulfills business needs in terms of portfolio analysis, performance measurement, and performance reporting in order to efficiently manage a demanding clientele. Furthermore, the solution is deployed with External Asset Managers providing a high quality service.
The functional capabilities of the solution and its fast implementation process were not the only reasons for this acquisition. Bank Leumi purchased Banque Safdié in 2011 and it needed a solution that could support the migration process and integrate data coming from Olympic (Eri Bancaire) and T24 (Temenos) core banking systems.
“With the New Access solution, we have succeeded in integrating Banque Safdié Client performance history and improving our overall quality of service” quotes Ralph Burger, Business Manager Private Banking at Leumi Private Bank. Graham Pedley, CIO of Leumi Private Bank adds that “New Access really committed themselves to the project. The impact of the Banker-2-Banker initiative, initiated by newly appointed CEO John Perks, added a new dimension to the integration team advancing the project to an efficient closing. We have been able to significantly improve our Front Office capability with this project giving Private Banking and Asset Management the armory needed to win clients’ trust in current market conditions.”
The solution is now used in Zurich, Geneva and Lugano by more than 50 relationship managers and the asset management team. External Asset Managers can also access the same information through the web client. The next steps in the project are to broaden the reporting content and to improve the richness of information delivery in the web client.