This group, one of world’s largest private banking and asset management group based in Liechtenstein, is made up of four different business units in four different countries – Liechtenstein, Switzerland, Singapore and Hong Kong.
The group’s structure made it difficult to maintain and access consistent data across all four units and exceptionally high volumes of data and a huge number of objects needed to be accessed and processed daily. Accurate and rigorous analysis was complex and time consuming.
The manual nature of much of the research made tasks time consuming and increased risk, particularly when it came to ad hoc reports for upper management.
Phase 1 covers the MIS and CRM for private banking across all four territories, while will Phase 2 address the other departments – sales management, manage office private banking, and pricing. Data management and MIS results will be delivered daily as well as on a monthly basis.
Proof of concept was completed within four weeks, loading and synchronising data from the group’s Avaloq system to the FinCube dashboard. Full implementation will be complete by November 2016 to coincide with an important new Avaloq release.
Data management and management information systems will be available on a monthly and daily basis.
“The combination of Avaloq experience with the FinCube product as a central Financial Data Warehouse and Orbium’s BI know-how is a key success factor.”
“Thanks to the optimized FinCube–Avaloq interface, which is fully compliant with the Avaloq release currently installed, it took a mere four weeks for the proof of concept to load and sync data from the Avaloq Banking System to the FinCube Dashboard.”