What have been the benefits derived from OBS? The main one, saidWeis, is the openness of the solution, providing the ability to support Hauck & Aufhäuser's business into the future. The supplier itself has 'very good knowledge from the banking side and can act very quickly to our demands, from both the legal and business sides'. The parameterised nature of OBS also means much greater control. Through several hundred settings, the bank can tune and adapt the system itself.While the aforementioned complexity is one of the challenges, it means there is much greater functionality and information. The business side of the bank has been very happy with the system, he concluded. In terms of STP rates, these do not rely on OBS itself but on the overall set-up, with X-Gen at the heart of this. Based on the middleware, the bank can very quickly build up Swift messages using tables and data files.Weis explained: 'You can build up SwiftMTs yourself so you can very quickly react to demand from the market, it is just a case of changing the mappings. It is possible now to react in days to demand from the market.' That capability was already in place with SwissRisk, but has now been fine-tuned and optimised for the new system, he added.
With OBS now slotted into the overall architecture, Hauck & Aufhäuser Banquiers Luxembourg would look to have a more solid basis and has shown the virtue of working with a relatively small supplier, rather than turning automatically to the more mainstream.
