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"VONSYS means that we can offer third-party banks a solution that lets them secure their independence in the relatively long-term."
Herbert J. Scheidt
CEO of the Swiss private bank group Vontobel
CEO of the Swiss private bank group Vontobel
News: Vontobel
Model is Defining the Market
A joint IT platform for securities processing represents a successful and decisive step for Business Process Outsourcing on the Swiss banking market.
At the core of this strategic partnership between Vontobel and T-Systems Switzerland is a common IT platform for securities processing. Known as “Vontobel Solutions for Your Sourcing” – or VONSYS for short – Vontobel is offering this platform to other banks in Switzerland and Liechtenstein as a B2B service provider. Statutory regulations and a more diverse range of products have vastly increased the complexity of so-called “custody” – the issuing, processing and managing of securities. Without extensive automation, these services can no longer be provided economically. But for many banks, the return on the required investment in IT infrastructure is too low. VONSYS offers a way out of precisely this dilemma: Thanks to substantially lower custody costs (up to 50 percent), while ensuring the greatest possible accuracy at the same time.
“As a bank specializing in asset management, we satisfy the ideal prerequisites for providing our proven securities platform to other banks in future,” said Herbert J. Scheidt, CEO of the Vontobel Group. “VONSYS means that we can offer third-party banks a solution that lets them secure their independence in the relatively long term.”
T‑Systems is implementing and operating the platform, including application management, while Vontobel takes over the banking and process responsibility. In this way, both partners contribute their expertise in an ideal manner – and offer banks an attractive savings potential: Erich Geiring, who is responsible at T-Systems for the cooperation with Vontobel, is convinced: “VONSYS has the potential to define the developing Banking BPO market from the very beginning.”
