Banque Privée 1818 picks Soliam as common asset management and distribution platform
The French private bank, Banque Privée 1818 and its subsidiary Sélection 1818 have chosen Soliam from IT services provider BSB as the common platform on which to streamline their management processes and web front-end applications.
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 features with improved 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.
Banque Privée 1818 is a wholly-owned subsidiary of Natixis, with €20.8bn under management at end-December 2012. Banque Privée 1818 is part of Groupe BPCE, France’s second largest banking group.
Sélection 1818 is the first multi-product and multi-service platform for French independent financial advisers, the result of the merger in April 2011 between the platforms of 1818 Partenaires and Sélection R, a subsidiary of Banque Privée 1818 and Rothschild & Cie Banque.
BSB, established in 1995, offers business solutions and IT services for the life insurance, wealth and asset management industries. It has 100 customers in 23 European countries.