PresseBox
Pressemitteilung BoxID: 372856 (Odyssey Financial Technologies)
  • Odyssey Financial Technologies
  • Maximiliansplatz 16
  • 80333 München
  • http://www.odyssey-group.com
  • Ansprechpartner
  • Valérie Michiels
  • +352 (42) 6080-4306

DAB bank live with new version of Triple'A Plus(TM)

(PresseBox) (Munich, ) Odyssey Financial Technologies, a global provider of front- and middleoffice software for the Private Banking, Private Wealth Management and Asset Management industries, is pleased to announce that DAB bank has successfully upgraded its Triple'A Plus(TM) platform and migrated from its graphical user interface (GUI) to the web user interface (WUI). DAB bank is the number one Direct Bank in Germany in terms of customers and assets under management.

An Odyssey client since 2003, DAB bank decided to upgrade to the latest version of the market leading portfolio management platform, enabling them to implement the new developments and move to an intuitive, easytouse web user interface. From the initial 200 GUI users, the bank will progressively scale up to over 2,000 professional users, mostly Independent Financial Advisors (IFA), who will leverage a fully integrated frontoffice platform for their advisory and portfolio management business. The other users are DAB bank's internal advisors, who also rely on Triple'A Plus(TM) to advise their private banking clients by telephone.

The implementation included the Portfolio Management & Analysis, Modelling & Rebalancing and Performance Attribution modules along with the new Multi-Criteria Queries and Monitoring & Alerts functions. The project also included the implementation of a fully integrated order management workflow with embedded business rules and extensive pretrade compliance validation, and the capability to include external holdings in a holistic client view.

Michel Jongen, General Manager Western Europe and Scandinavia, says, "This was much more than a technical migration project. While upgrading DAB bank to the latest version of Triple'A Plus we have deployed our new modules designed to improve the scope of advisory services, the productivity of client advisors and their ability to add value. We are proud to be part of the platform that the majority of German IFAs are using to manage their clients' portfolios."

Dr. Markus Walch, COO DAB bank states, "This project is part of our continuous commitment to offering the best trading and investment management platforms to our private and professional clients. Investing in service quality and service innovation capability is the best way to remain the number one direct bank in Germany."

About DAB bank AG

DAB bank AG is one of the biggest Discount Brokers in Germany in terms of assets under management and number of clients. Serving both (B2C) private clients and (B2B) professional clients, DAB has become the leading IFA partner in Germany, working with 60% of German asset managers. In Q2 2010 DAB bank raised the number of financial intermediaries to 1,142. These intermediaries directly serve 110,348 of its end customers. The B2B segment stands for 46.5% of the total volume of customer assets under management of 29.37 billion euros as of June 30, 2010. For further information about DAB bank AG, please visit: www.dab-bank.de.

Odyssey Financial Technologies

Odyssey Financial Technologies is a global financial technology company specializing in front- and middleoffice software for the Private Banking, Private Wealth Management and Asset Management industries. Over 200 financial institutions in more than 30 countries have chosen Odyssey software products to increase their client service capabilities, reduce costs, and generate additional revenue. Founded in Luxembourg in 1995, Odyssey has offices in the key financial centres, including New York, Singapore, Zurich, Frankfurt, Brussels, Geneva, Sydney and Tokyo. Odyssey's operational head office is located in Lausanne, Switzerland. The development centres are located in Toronto, Lausanne, London and Glasgow. For further information, please visit: www.odyssey-group.com.