PKB Privatbank (PKB), a Swiss private bank headquartered in Lugano, has implemented SunGard’s Ambit Private Banking solution suite to acquire greater flexibility, operational efficiency and agility to support the bank’s long-term growth strategy.
The system migration, reconciliation and verification processes were completed successfully in order to finalise transition to the new solution at all its Swiss branches located in Geneva, Lausanne, Zurich and Bellinzona as well as for the two overseas subsidiaries in Antigua and Panama, all on the same date. Migrating from an in-house system to an externally managed solution is in line with international market trends in the financial services industry and will help PKB boost efficiency and lower total cost of ownership. PKB evaluated various solutions before selecting SunGard based on its extensive private banking and managed services experience.
“I am very pleased that the migration was implemented so smoothly, which shows how well the whole team worked together, and that SunGard’s specialists were able to provide us with the necessary support.” says Umberto Trabaldo Togna, CEO, PKB Privatbank.
“Providing our solution to a dynamic market player like PKB represents an important step for our penetration into Switzerland and also enables us to take a leap forward in terms of functionality, which we will offer to all our banking clients,” says Daniel Bardini, COO, Ambit Private Banking, SunGard.