Swisscom Wins IT and Back-office Operation Outsourcing Deal from Major Bank

14d ago
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Swisscom Wins IT and Back-office Operation Outsourcing Deal from Major Bank Image Credit: Swisscom

Habib Bank AG Zurich, a Switzerland-based financial institution is outsourcing its IT and standardised back-office processes to Swisscom in order to ensure best-in-class levels of security, automation and convenience of its banking operations.

Habib Bank will soon be sourcing the IT platform for its wealth management business (namely, the Finnova core banking system and related systems) from Swisscom.. By providing a fully-managed Private Banking as a Service, Swisscom is coordinating and managing all related licences and subcontractors, providing a stable, secure and capable architecture for the integrated wealth management system for its customers, and ensuring the continued development of its innovative services for the future.

Habib Bank will also outsource its standardised back-office processes such as payment transactions, securities handling (including securities management) and compliance support to Swisscom. This comprehensive outsourcing to Swisscom will allow the bank to make use of an advanced infrastructure and systems that will both enhance its digitisation strategy and guarantee inspired system security and availability.

Walter Mathis, Head of Shared Services, Habib Bank
Swisscom understands the requirements of a private bank and has a remarkable track record – for decades, over half of Swiss banks have relied on Swisscom’s outsourcing services every day.

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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