Banking Platform Transformation

Wealth management 4.0 demands robust and flexible banking platforms that allow the business to evolve and grow. From business process analysis design to business acceptance, system configuration to platform development and data migration to cutover, our IT specialists fill the gaps between business design and technology delivery, architecture need and systems selection to help clients align operating models with business strategy.

Orbium helps facilitate banking platform transformation

 

Banking platform transformation affects the whole organisation. Orbium has experts to help clients prepare and integrate the transformation across product, business process, function and stakeholder priorities, as well as the wider IT systems.

Today’s platforms must be flexible enough to deliver the sophisticated products and services demanded by customers and enable businesses to meet ever-more complex regulation while delivering cost efficiencies from synergies and automation. It is the key to growth and economies of scale. But replacing or improving core banking platforms is seen as challenging, expensive and time-consuming. This is where Orbium can help.

  • Experienced: as the first and largest Avaloq premium implementation partner worldwide, Orbium is highly experienced in working with this leading wealth management platform vendor. It has successfully completed more than 40 Avaloq full-implementation projects, on time and within budget, and enjoys long-term relationships with more than 100 clients.
  • End-to-end transformation: we work along the full transformation chain – from current process analysis to new process design, implementation, training, testing and data migration. Helping structure the change, we advise on technology and business process outsourcing and offer DevOps, remote delivery, online training and automated testing.

Today, there are more options than ever when looking at a core banking transformation. Only a software implementation partner with broad and deep experience can deliver the benefits effectively and efficiently. Practical and pragmatic, Orbium helps clients build a structured approach with a 360-degree understanding of the needs and challenges. From this viewpoint we can align business goals with IT through processes, people and organisational change, rapidly delivering effective results.

Avaloq optimisation

Optimisation is central to getting the most from a core banking platform. This is about improving data quality through process consistency, straight-through processes through risk

budgeting and reducing input errors via digitisation by drawing on our business and IT expertise.

Combining our extensive knowledge of wealth management processes, products and stakeholders with our broad and deep expertise in Avaloq banking systems, our Bank360 approach helps our clients streamline and optimise their operating models.

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Data migration and transformation

Seamless user experience and optimised processes require strong, complete and stable data models. Orbium’s agile methodology was developed to centralise the accountability of data transformation from extraction to user validation.

Our experienced team of IT specialists have a broad knowledge of wealth management customers, portfolio strategies and financial products and can ensure the continuous delivery of quality data for projects. With key accelerators for Avaloq projects, improved data is automatically delivered daily for business acceptance.

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Third-party system integration

Open banking and responsive RESTful APIs eliminate the need for data duplication. But success requires the seamless integration of the core banking platform with client, portfolio and transaction models via a dynamic ecosystem.

Over many years we have cultivated our own partner ecosystem, members of which support our clients to ensure they get the best solution efficiently in terms of system, data and process architectures.

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Test management and execution

Banking platform transformation programmes affect a large number of senior stakeholders across the business. Timely business acceptance demands effective test strategies and stakeholder management. Orbium’s testing methodology and unique Avaloq test automation tools/software are key to avoiding costly delays when replacing a core platform or integrating third-party software.

Our methodology accommodates DevOps, Agile and waterfall projects.

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Learning Solutions

Implementing the core banking platform helps our clients to gain the edge on competitors. Our trainers offer in-class or eLearning training to best suit your needs.

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