The Private Office of the National Bank of Dubai (NBD) has signed a private banking Triple A and Advisor contract with Odyssey Asset Management Systems and its local partner, Raqmiyat.
Under the agreement, NBD's relationship managers will be supplied with an integrated tool through the combination of Triple A – the leading portfolio management system in Europe – and Advisor – the comprehensive relationship management tool devised for Private Banking. The agreement is due to go live at the end of June 2004.
The project is the first of its kind in the region and is seen as the most aggressive automation initiative in the region's banking sector. Having established a major line of business, NBD has realized the necessity of automation in achieving the Bank's marketing and expansion plans.
Speaking on behalf of the Bank at the agreement signing ceremony, Head of NBD's Private Office, Faranak Foroughi, said, "We are striving to deploy state-of-the-art solutions in order to offer our customers the best services. Odyssey has tremendously successful partnerships with leading international institutions and we are confident we have chosen the right partners." — (menareport.com)
© 2004 Mena Report (www.menareport.com)
