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Summary Type of financial institution: Retail and IFA business/internet only Headquarters:Munich, Germany Branches: No branches. Head office and development centre based inMunich Assets: $4.15 billion Project scope: Domestic and international (Austria)
System/vendor replaced: PABA/Q core banking system from Actis.BSP (now part of Temenos) System/vendor installed: Flexcube from Oracle FSS
Technology: Oracle 10g relational database, Unix Sun Solaris operating system and hardware Current functionality: Retail back office and e-banking
Interfaces: SAP for financial controlling, in-house ADMsoftware, Geos back office trading system, with this being outsourced to International Transaction Services (ITS), Brokerage3 (B3) front office trading system from Elaxy, TripleA PortfolioManagement Solution from Odyssey and Siebel CRM Solution
Selection team: Head office bank staff and consultants from a local German consultancy
Selection time: Approximately six months
Installation team: Bank staff, supplier staff based in Germany throughout implementation and Bearing Point consultancy support Installation time: 14 months Level of satisfaction: Reasonably pleased