InCore Bank selects SunGard solution to lower operational risks for Swiss private banks

InCore Bank has partnered with SunGard to provide a solution that reduces operational complexity and cuts costs for Swiss private banks.

InCore Bank selects SunGard solution to lower operational risks for Swiss private banks

Switzerland-based InCore Bank has partnered with SunGard, a provider of technology services to the financial services industry, to provide a solution that reduces operational complexity and cuts costs for Swiss private banks.

Under the partnership, InCore Bank will combine its banking business services with SunGard’s Ambit Private Banking solution suite to create a new business process outsourcing platform.

The collaboration will provide Swiss private banks with new tools and services that lower operational risks and costs as well as address the pressures of regulatory change and reduced revenues.

These tools will allow Swiss private banks to provide their advisors with optimum support and increased focus on revenue generating business activities in addition to cutting back office processes.

InCore CEO Roland Eilinger said: “This new alliance offers the benefit of a ‘one-stop shop’ for private banks and removes the burden of maintaining back office processing from these firms, who can now interface with a single partner to help reduce complexity and operating costs.

SunGard COO of private banking Daniel Bardini said: “We see this as a platform for industry collaboration as we strive to introduce greater standardisation and efficiency within Swiss private banking and help Swiss private banks optimise performance amid widespread and complex change.”