BSB’s Soliam selected by Banque Privée 1818 and Sélection 1818 as common asset management and distribution platform

Brussels - 7 March 2013

The French private bank, Banque Privée 1818, and its subsidiary Sélection 1818, have chosen Soliam from BSB as the common platform on which to streamline their management processes and web front-end applications. The requirements are to manage and track relationships with commercial intermediaries centrally through a single, scalable software solution, complemented by the ability to service financial intermediaries and end-customers through an interface that can be tailored for a variety of user profiles. Banque Privée will offer its 65,000 customers and 2,000 professionals (IFAs, wealth managers and independent asset managers) access to the platform via computer or tablet. BSB will install the first interfaces in mid-2014, with the full solution operational by mid-2015.

The Soliam platform gives Banque Privée 1818 and Selection 1818 access to a range of innovative features, which will improve the user experience in terms of graphics, navigation and remote access. The project will also streamline the bank’s information systems and lower its maintenance costs, reducing the number of applications and improving data pooling from across the business units.

“The new web platform and mobile applications will significantly improve the management of operational and transactional flows towards our customers and internal teams”, says Philippe Guenet, Director Middle Office, Banque Privée 1818.

“This project builds on BSB’s expertise in developing flexible management solutions for the asset and wealth management industry associated with our proven ability to roll out sophisticated web portals,” says Jean Martin, CEO, BSB. “We are delighted to have been selected by Banque Privée 1818 and Sélection 1818, reinforcing the flexibility and cost-competitiveness of our Soliam solution.”

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