The B-Source Master is a full-blown model bank developed in conjunction with Avaloq Evolution and Orbium. NBAD claimed that it has benefited from incorporating trade finance business into the overall solution. B-Source has been providing NBAD Private Bank (Suisse) with full BPO services, which include back office administration processes as well as information technology services since 2007.
Khaled Suleiman, CEO of NBAD Private Bank (Suisse), said: “The new B-Source Avaloq-based BPO solution allows us to increase our efficiency and to expand our business model thanks to the comprehensive functionalities of Avaloq, which via the B-Source outsourcing model is available at an affordable price for small and medium sized banks.”
Werner Hoppler, CEO of B-Source, said: “In 2009 B-Source completed the B-Source Master, integrating all front-end applications and functionality customization according to each client’s requirements. B-Source is in the process of migrating its other clients onto the B-Source Master. We are happy how B-Source, Avaloq and Orbium ran this complex project.”
Francisco Fernandez, CEO of Avaloq Evolution, said: “We are very happy that NBAD Private Bank (Suisse) is the first bank originating from the UAE to introduce the Avaloq Banking System.”
