5-Dec-05
In 2002, Anglo Irish Bank's private banking and asset management realised that there was a lack of consistency in working practice because staff were located in different sites and using different systems.
In addition, many of the bank’s processes required significant manual work, as the existing systems were not very efficient in meeting the needs of the business. So a project team was established to find a new solution that would meet the bank’s existing needs, while being flexible enough to service future requirements.
The aim of the project was to merge the IT infrastructure and the back office of the wealth management departments of the entire banking group and control them from a centralised location.
In a mere 18 months, the European IT team of the Anglo Irish Bank, along with Odyssey Asset Management Systems and Software Daten Service (SDS), have designed a private banking transaction platform that will run all future investment processes automatically.
This solution helps the bank to save time and costs, and increases the efficiency and speed of customer service, enabling the operations department to focus its attention on management and value-added customer service…
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