QNB Banque Privée (Suisse) SA goes live with B-Source’s
new BPO solution powered by Avaloq
Geneva/Lugano/Zurich, 19th August 2010 - Since July 1 2010, QNB Banque Privée (Suisse) SA, the 100% owned private banking subsidiary of Qatar National Bank SAQ, has been successfully using the new B-Source Business Process Outsourcing (BPO) Services solution powered by Avaloq Banking System. Since 2008 B-Source has been providing QNB Banque Privée (Suisse) SA with full BPO services, which include back office administration processes as well as comprehensive information technology services.
After a transition period of only 3 months, QNB Banque Privée (Suisse) SA is now benefiting from one of the most reliable banking solutions in the Swiss market, the Avaloq Banking System, as a service provided by B-Source. This was made possible with the B-Source Master, a full-blown model bank developed in cooperation with Avaloq and Orbium and B-Source.
Eric Behaghel, CEO of QNB Banque Privée (Suisse) SA, said: “We are very pleased with the migration to Avaloq. The transition to the new system has been smooth, and we now have an IT system which is well calibrated to our needs, and provides a very strong base for future growth.”
Werner Hoppler, CEO of B-Source SA, said: “We seized the opportunity a few months ago to migrate QNB Banque Privée (Suisse) SA onto the B-Source Master “powered by Avaloq”. The Bank has benefited from B-Source having successfully gone live with 2 other clients at the beginning of this year. We are very pleased how quickly QNB adapted to the new solution.”
Francisco Fernandez, CEO of Avaloq Evolution AG, said: “We are very happy that QNB Banque Privée (Suisse) SA has introduced the Avaloq Banking System. Our close partnership with B-Source made this possible in very short time. This successful implementation demonstrates the adaptability of our modular system to the needs also of smaller banks. Migrating to Avaloq is not a heart operation, it is a smooth process. In the end the management profits from more strategic freedom.”
About Orbium
Orbium is an international IT and business consultancy focusing exclusively on the financial services industry. By sharing its extensive business and IT knowledge, it helps its financial services clients to successfully negotiate their business and technical challenges. Orbium services are offered on a project or strategic staffing basis, in both custom and package environments, and across all technology platforms. Orbium is an Avaloq Premium Implementation Partner. It has offices in Zurich, Geneva, Luxembourg and Singapore. With more than 120 employees, Orbium Business and IT consultants continuously build and upgrade clients’ systems to “competitive advantage” status.
About QNB Banque Privée (Suisse) SA
QNB Banque Privée (Suisse) is a fully independent Swiss Private Bank, and a fully owned subsidiary of Qatar National Bank SAQ, by far the leading financial institution in Qatar, and one of the largest banks in the Middle East and North Africa Region. With offices in the heart of Geneva, QNB Banque Privée (Suisse) provides a sound banking platform to its clients, by offering simple and secure financial solutions and services with the dedication and commitment of a family office. QNB Banque Privée (Suisse) enjoys the ideal combination of the backing of the powerful network of Qatar National Bank with the stability, reliability and confidentiality inherent in the Swiss banking industry.Qatar National Bank is rated senior long term/short term A+/A1 by Standard and Poor’s, Aa3/P1 by Moody’s and A+/F1 by Fitch, giving it one of the highest rated banks in the Middle East.
www.qnb.com.qa
About Avaloq: Integrated Banking Software
The Avaloq Group is the Swiss market leader for integrated banking software. With the Avaloq Banking System, the company offers an integrated and modular all-round banking solution for private, retail and universal banks, asset managers and transaction banks. 44 clients with more than 65 banks in more than 300 branch offices and subsidiaries worldwide trust in Avaloq's software. In addition, Avaloq also offers various services covering the entire life cycle of its banking software. At the Avaloq Academy, customers are trained to further develop the Avaloq Banking System independently. The Avaloq Community provides a forum where more than 35,000 users, partners and employees of the Avaloq platform can share knowledge and innovations. Avaloq has a presence in Zurich and a number of other locations across Switzerland, in addition to branches in Luxembourg, Frankfurt, Vienna, Moscow, Dubai, Singapore, London and Hong Kong. As part of its internationalization strategy, Avaloq is aiming to open further branches.
www.avaloq.com
About B-Source SA
B-Source, a Swiss company, provides Business Process Outsourcing (BPO) services to private and universal banks and IT Outsourcing (ITO) to the financial, insurance and other selected industries. Its clients include banks in Switzerland and a number of other countries. All services are ISO 9001 and ISO/IEC 27001:2005 certified and the company is SAS 70 Level II Audit Report compliant. B-Source works closely with its business partners, the University of St. Gall's Competence Center Sourcing, Avaloq and Orbium. B-Source's new BPO platform, the B-Source Master, is «powered by Avaloq». Founded in 1995, B-Source has offices in Basle, Lucerne, Lugano, Nyon, St.Gall, Winterthur, Zurich and Munich. Its data centers are located in Lugano and Zurich. The current number of employees is about 600, half of which are banking professionals.
www.b-source.ch
PR_Avaloq_QNB_19082010 (pdf, 51.0 KB)