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Odyssey Financial Technologies, a global provider
of Private Wealth and Asset Management solutions and services, is pleased to
announce that ARZ Allgemeines Rechenzentrum GmbH, the Austrian IT service provider,
has gone live with Odyssey’s portfolio management and advisory platform Triple’A
Plus™.
After migrating from Reuters’ Portfolio Management System (RPMS) to Triple’A
Plus™ the ARZ member banks are now fully set to benefit from the enhanced
Portfolio Management & Analysis and Portfolio Modelling & Rebalancing functionality,
including Austrian and German tax reporting.
Odyssey took over RPMS from Reuters in 2006. The deal included the transfer
of the RPMS product and its customer base which Odyssey has continued to maintain.
The successful migration represented more than 7 years of historical data and
15 years of performance data. This was followed by the implementation of customized
graphical and web user interfaces, including GIPS compliant performance and
comprehensive, modular high quality private banking reporting.
The success of this project marks the achievement of a standard “RPMS to Triple’A
Plus™ migration package” that includes data migration tools and very comprehensive
functional packaging guaranteeing minimized project costs, risks and time to
market. In the meantime a number of other RPMS clients have started to migrate
from RPMS to Triple’A Plus™ .
“Triple’A Plus™ will allow the member banks of ARZ to efficiently support
discretionary portfolio management, active advisory and execution-only service
models,” comments Michel Jongen, General Manager
of Odyssey Financial Technologies for Germany, Austria and Eastern Europe. “It
will also empower their client advisors and portfolio managers to increase assets
under management, improve customer service and generate higher investment performance.”
By moving to Triple’A Plus™ the banks benefit from a platform that can
easily be extended with additional functionality in a number of areas including
Client and Relationship Management, compliance management and portfolio monitoring.
Mag. Markus Hammerl, product manager, ARZ says:
“The project between ARZ, the project banks and Odyssey was conducted in a true
partnership ensuring that the project’s objectives were clearly achieved within
scope, time and budget. With the new functionally extendable Triple’A Plus™
platform the member banks of ARZ will have a state-of-the-art portfolio management
and advisory solution which will support the growth of their business.”
About ARZ Allgemeines Rechenzentrum GmbH
ARZ, based in Innsbruck and Vienna, has established itself as a well-known and
prestigious competence centre for IT services in the banking industry, as well
as in hospitals and public administrations, in Austria since the merger between
RZW and VDG in 1993. By increasing its client base, centred in the banking industry,
and introducing new products, the company has grown to almost 450 employees
and is an IT-Partner for around 70 banks as well as the Tiroler Landeskrankenhaus
and the Tiroler Landesregierung. For further information, please visit: http://www.arz.co.at.
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19-Aug-2008
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