Private Banking / Wealth Management
See below for a list of independently written IBS Journal news and feature articles and IBS Intelligence Research vendor profiles, case studies and market analysis related to Private Banking and Wealth Management Technology in order of publication date.
See also our Wealth Management Systems Market Report >>
Private Banking refers to the type of premium-level banking that a bank may offer to high net-worth individuals, a term that refers to wealthy individuals.
Unlike the high volume, commoditised retail banking services, private banking would normally personalise services by tailoring them specifically for an individual client.
The term is sometimes used interchangeably with another term, ‘wealth management’, although this usage often depends on geographical location.
Most often, private banking implies a relationship between the client and a named ‘personal’ banker who will deal with all of the client’s banking needs. In some cases the relationship may also extend to the client’s extended family. A 24 hour service may be available. Other related services are offered such as creating trusts, offering tax and investment advice and providing portfolio management or other asset management facilities.
Private banking is normally offered by banks to qualified customers as a fee-based service.
The computer systems that cater to this type of banking will reflect the range and level of the services that the bank is offering. Typically they will allow a bank to offer great flexibility in establishing banking products and account options. The range of services and flexibility of reporting will also be generally superior to those offered by the purely core banking systems or the retail banking systems.
In the smaller private banks, all of the services may be offered through a single computer system whereas in the private banking operations of larger international banking groups specialist systems from the investment banking and asset management arms may be combined to offer an integrated service. There is a heavy reliance by private banks on automated portfolio management systems that will assist account managers or investment managers service and administer their customers’ investment portfolios.
Traditionally some of the western European countries were seen as being the centre of the private banking world, particularly Switzerland and Luxembourg. Some ‘off-shore’ centres such as Jersey, Guernsey and Bermuda became popular, particularly with UK residents, during years of high taxation in the 1960s-1970s. One of the most significant trends in the industry recently has been the move from ‘off-shore’ to ‘on-shore’ so today, private banking can be found in almost every country particularly Hong Kong, the Middle East and the developed nations.
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Article: On the move – November 2012
01 November 2012
A round-up of recent appointments and departures within the industry. Departures at Temenos, Infosys and Alpha Bank plus new hires at Cinnober, Visa International and FNZ among others.
Article: Third Financial nears go-live at Arbuthnot Latham
15 October 2012
London-based private banker and investment manager, Arbuthnot Latham & Co, is extending the use of Third Financial's Tercero wealth management platform to back office. Meanwhile, co-founder of Third Financial sets up a rival firm, Wealth Dynamix.
Article: Interview: David Gledhill – DBS
08 October 2012
IBS talks to DBS Bank's head of global technology and operations about its core banking systems projects, the role and value of the bank's IT team, the downside of system integrators and the threats and opportunities of new channels.
Article: Technology & social media focus: Case study – OCBC
08 October 2012
OCBC has been a pioneer in a number of areas over the last few years and is now going further than most in its pursuit of Gen-Y with its 'Frank by OCBC' concept. How is this offshoot faring, a year and a half after its launch.
Article: On the move – October 2012
01 October 2012
A round-up of recent appointments and departures within the industry. Departures at Infosys and Sungard plus new hires at HML, Reval and Bottomline Technologies among others.
Article: Spain's Cluster Family Office to go live with Prospero solution from Sage
19 September 2012
Cluster Family Office in Spain will start operating Sage's solution in its wealth and asset management department by the end of next month. The new platform will provide real-time feedback on clients' financial investments.
Article: Ashmore goes live with Calastone for connectivity
13 September 2012
Ashmore Investment Management has turned to Calastone for connectivity to support its diversification away from the institutional market. Cut-over came in September.
Article: On the move – September 2012
03 September 2012
A round-up of recent appointments and departures within the industry. Departures at Misys, Temenos and Third Financial; and new hires at Fiserv, Lombard Risk and Calypso, among others.
Article: Backchat – September 2012
03 September 2012
The latest gossip from around the industry.
Article: Temenos lets slip existence of Nomura project
08 August 2012
Japan-based Nomura is undergoing a large implementation of Temenos' T24 core banking solution.
Article: Sungard shows signs of recovery after the 2011 stumble
07 August 2012
Sungard's financial results have shown improvement since the start of this year. Could the vendor be on the road to its first profitable year since 2006?
Article: Coutts and Rothschild live on Avaloq core banking system
25 July 2012
Avaloq's core banking system has gone live at two UK-based private banking and wealth management entities. Barclays Wealth is next on the list, and a further deal is imminent. 3i Infotech with its RhymeSight system is losing out.
Article: On the move – July / August 2012
04 July 2012
A round up of recent appointments and departures within the industry. Departures at Simcorp, Infosys and London Stock Exchange among others. New hires at Gulf International Bank, Fenergo and SAP.
Article: Case study: Petercam and Lombard Odier – Sleeping with the enemy
02 July 2012
Petercam, a privately held investment firm, decided to entrust its IT operations to one of its competitors, Switzerland-based Lombard Odier, following a fruitless project to implement a package system. The two entities talk to IBS about the migration...
Article: Vermeg buys 25 per cent stake in BSB
21 June 2012
Vermeg, the Paris-based securities system supplier, has acquired a 25 per cent stake in BSB, which sells systems for wealth management and life insurance.
Article: Case study: Old Mutual – Stone three
06 June 2012
When Old Mutual started out on a legacy renewal project in its treasury, it changed three core systems and much more besides. Did it all go smoothly?
Article: On the move – June 2012
01 June 2012
A round up of recent appointments and departures within the industry. Departures at Swift and Temenos. Cadis, Dion Global Solutions and Bats Chi-X Europe are among the companies who have announced new hires.
Article: Free Webinar: How To Improve Negotiation and Contracting Techniques with Technology Vendors
23 April 2012
Our free webinar How To Improve Negotiation & Contracting Techniques with Technology Vendors took place on Wed 25th April 2012 (a recording of the webinar is available to view on our
Article: 3i Infotech: RhymeSight/C-Matis
20 April 2012
Contents: Management Summary / Company Details / Origins / RhymeSight Technical Details / UK Acquisitions / RhymeSight Service and Functionality / MFund/C-Matis / C-Matis Technical Details / C-Matis Service and Functionality / Other Applications /...
Article: Advent Software: Axys, APX
19 April 2012
Independently researched profile featuring company status, history, background, future strategy, system functionality and technical specifications, plus an extensive customer and user list for Advent Software Axys and APX and pie charts breaking...
Article: Core Banking Systems Country Analysis: Western Europe Region – including A-Z sales tables 2007-2011 by country and system
13 April 2012
If you are looking for good news across Western Europe, look elsewhere: 2011 was another poor year for system sales, almost 50 per cent down on the far from buoyant 2010. Order access...
Article: Core Banking Systems Country Analysis: North America Region – including A-Z sales tables 2007-2011 by country and system
13 April 2012
The slight pick-up in 2010 looked to be built upon in 2011. It is still far from booming but the North American systems market is showing signs of mirroring that country's economy, with more activity than in other parts of the world.
Article: Core Banking Systems Country Analysis: Central & South East Asia Region – including A-Z sales tables 2007-2011 by country and system
13 April 2012
It is not easy to make generalisations for such a large and diverse geographical area, which includes parts of the Caucasus, the Central Asian Republics, the Indian subcontinent and mainland South-East Asia. With this in mind, business was up by...
Article: Core Banking Systems Country Analysis: Central & South America Region – including A-Z sales tables 2007-2011 by country and system
13 April 2012
Central and South America is a relatively small market for international vendors but has been characterised by spikes of activity in individual countries. It was somewhat more resilient than much of the rest of the world in 2011. In previous years,...
Article: Core Banking Systems Country Analysis: Central & Eastern Europe Region – including A-Z sales tables 2007-2011 by country and system
13 April 2012
After a pick-up in activity in 2010 (following the very quiet years of 2009 and 2008), 2011 saw core banking software sales plummet in Central and Eastern Europe. Banks that have sought to implement new systems have often struggled, adding to the...
Article: Core Banking Systems Country Analysis: Australasia Region – including A-Z sales tables 2007-2011 by country and system
13 April 2012
Australian banks are under way with core system projects, at least in outlying areas of their operations. Meanwhile, 2009 saw a few interesting decisions at the lower end of the market but nearly everything dried up in 2010 and 2011, bar one...
Article: Core Banking Systems Country Analysis: Asia Pacific Region – including A-Z sales tables 2007-2011 by country and system
13 April 2012
Sales have held up well in this region, with a downturn in a few countries offset by robust sales in a number of others. As in previous years, a fair number were treasury; there was also a small number of interesting universal banking...
Article: Core Banking Systems Country Analysis: Africa Region – including A-Z sales tables 2007-2011 by country and system
13 April 2012
Africa has contributed a steady number of deals over the last few years, but fell away in 2011. This reflected continued weakness in Nigeria (which had bumper years in 2007 and 2008) and slumps in countries such as Morocco and Ethiopia, which had...
Article: Core Banking Systems Sales Tables 2007-2011: Sales by year, region, supplier and system
13 April 2012
This chapter provides sales breakdowns for the full Core Banking Systems Market Dynamics Report 2012 dataset, featuring the following tables: Sales by system and supplier 2007-2011 (Totals) / Sales by system, supplier and type 2007-2011 (Totals) /...
Article: Core Banking Systems Market Valuation
13 April 2012
What is the value of the core banking systems market? This question, or regional or country subsets of it, is regularly put to IBS, with interest increasing in difficult times. Related to this is the average cost for a core system. The initial ...
Article: Core Banking Systems Global Analysis 2007-2011
13 April 2012
This article provides in-depth analysis of the core banking systems market from 2007-2011. We explore each year in detail separately, giving the ability to gauge what was happening before the worst of the crisis and see this in relation with...
Article: Core Banking Systems Country Analysis: Middle East Region – including A-Z sales tables 2007-2011 by country and system
13 April 2012
2011 was the second year of a slump in the Middle Eastern core banking software industry. The number of deals fell by around 30 per cent for the second year running, with seven countries recording no new deals at all.
Article: About the Core Banking Systems Market Dynamics Report 2012, plus FREE extracts
13 April 2012
This report constitutes the core banking industry's only real snapshot of who has been buying what and where. Comparisons can be made over time (Jan 2007-Dec 2011 - so before and after the onset of the main economic crisis), by supplier, geography,...
Article: Core Banking Systems Market Overview
13 April 2012
The Core Banking Systems Market Dynamics Report 2012 drills down into the Jan-Dec 2011 analysis as well as putting it into context alongside the previous four years' equivalents. The comparison period takes in 2007 through 2011 so it constitutes...
Article: New IBS Intelligence Research Publications Catalogue 2012
26 March 2012
Independent, in-depth banking system and financial technology market research and analysis from IBS Intelligence. Every word of every publication is written by ourselves.
Article: Core systems outsourcing gathers momentum in Switzerland
14 March 2012
In the last couple of years, Switzerland has seen a surge in demand for business process outsourcing (BPO) and core banking systems hosting. ERI is the latest vendor to join in.
Article: IBS Sales League Table 2012 (results Jan-Dec 2011)
01 March 2012
Who was up, who was down, what types of bank and what geographies were buying? Article contents: Introduction & Overview / Annual Sales League Table 1st Jan 2011 - 31st Dec 2011 / Oracle FSS and Temenos / Other Core Banking Systems...
Article: Central and South America overview
01 March 2012
With the overall number of core banking deals worldwide sharply down on the year before, the number of deals from Central and South America has held steady. Our analysis shows that Brazil has overtaken Mexico as the Latin American country most...
Article: Kleinwort Benson to standardise operations on Temenos T24
22 February 2012
UK-based private bank, Kleinwort Benson, intends to grow its presence in the UK and continental Europe. As part of this strategy, the bank is reverting to its previous supplier, Temenos. This is a blow to Die Software Peter Fitzon and its OBS core...
Article: Integration case study: Kutxa Bank
26 January 2012
When the Spanish retail institutions, Kutxa and Vital, pooled IT resources with private bank and wealth manager, Banco Madrid, orchestration of application development needed a helping hand to make it all fit.
Article: Private bank MM Warburg & Co to implement Simcorp Dimension
19 December 2011
MM Warburg & Co, one of the largest private banks in Germany, has signed for the Simcorp Dimension investment management platform. The phased roll-out of the front-to-back office system is expected to take 18 months.
Article: End of Year Review 2011
19 December 2011
A round-up of some of the key events in the industry over the past year. Read more >>
Article: On the move – November 2011
01 November 2011
A round-up of recent appointments and departures within the financial technology market worldwide. CEO resigns from USA Technologies, new COO at Thomson Reuters as well as departures at Temenos and ITS.
Article: Who's Bought What? – November 2011
01 November 2011
A round-up of recent orders in the financial technology sector worldwide. CCK, VSoft Corporation and others have gained new deals. Citi, Quilvest Banque Privée and Co-operative Bank of Lamia are among the financial institutions that have ...
Article: SAB software to replace Viveo at Quilvest Banque Privée
28 October 2011
A suite of front and back office products of French supplier SAB will replace Viveo's software at a Paris-based private bank with $17 billion of assets under management, Quilvest Banque Privée.
Article: Objectway acquires fellow Italian investment management supplier, Silma
27 October 2011
Objectway, the Italy-based wealth and investment management software provider, has acquired domestic rival Silma Software. The purpose of the purchase was to increase Objectway's market share in the investment management space.
Article: Arbuthnot Latham & Co take ThirdFin's Tercero wealth management platform
04 October 2011
London-based private bank and wealth manager, Arbuthnot Latham & Co, is nearing go-live with Third Financial's Tercero Wealth Workstation. The project covers the front and middle office.
Article: IBS Journal Wealth Management Supplement 2011
29 September 2011
Wealth managers, clients and, increasingly, regulators need facts and need them now. IBS looks at how technology can help or hinder the search.
Article: Analysis: Merrill Lynch and Capgemini World Wealth Report – Things ain't what they used to be
29 September 2011
As the number and value of 2010's high net worth individuals outstrips pre-crisis figures, is the wealth management industry ready for action?
Article: Analysis: BI for wealth management – Know your customer
29 September 2011
The HNWI sector is a beacon of hope amidst a generally flat banking sector. But with a notoriously demanding client base, has business intelligence technology grown up enough to cope?
Essential research publications from IBS Intelligence:
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Core Banking Systems Market Dynamics Report 2013
£975.00
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Retail Banking Systems (RBS) Market Report
£895.00
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Risk Management Systems and Suppliers Guide
£595.00
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Core Banking Systems Cost Benchmark 2012
£395.00
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How To Select & Implement A Universal Banking System
£595.00
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