Since July 1, 2010 QNB Banque Privée (Suisse) SA, the 100% owned private banking subsidiary of Qatar National Bank SAQ, has been successfully using the new B-Source Business Process Outsourcing (BPO) Services solution powered by Avaloq Banking System. Since 2008 B-Source has been providing QNB Banque Privée (Suisse) SA with full BPO services, which include back office administration processes as well as comprehensive information technology services.
After a transition period of only 3 months, QNB Banque Privée (Suisse) SA is now benefiting from one of the most reliable banking solutions in the Swiss market, the Avaloq Banking System, as a service provided byB-Source. This was made possible with the B-Source Master, a full-blown model bank developed in cooperation with Avaloq and Orbium and B-Source.
Eric Behaghel, CEO of QNB Banque Privée (Suisse) SA, said: "We are very pleased with the migration to Avaloq. The transition to the new system has been smooth, and we now have an IT system which is well calibrated to our needs, and provides a very strong base for future growth."
Werner Hoppler, CEO of B-Source SA, said: "We seized the opportunity a few months ago to migrate QNB Banque Privée (Suisse) SA onto the B-Source Master 'powered by Avaloq'. The Bank has benefited fromB-Source having successfully gone live with 2 other clients at the beginning of this year. We are very pleased how quickly QNB adapted to the new solution."
Francisco Fernandez, CEO of Avaloq Evolution AG, said: "We are very happy that QNB Banque Privée (Suisse) SA has introduced the Avaloq Banking System. Our close partnership with B-Source made this possible in very short time. This successful implementation demonstrates the adaptability of our modular system to the needs also of smaller banks. Migrating to Avaloq is not a heart operation, it is a smooth process. In the end the management profits from more strategic freedom."