March 2008,
MIT (Micro Informatique & Technologies SA) announces that NBAD Private Bank (Suisse) SA went live with CREDOC as the software to support its developing Trade Finance operations.
After a thorough evaluation of different suppliers in the market, CREDOC has been chosen as the ideal tool to support the Trade Finance and Documentary business activities of the Bank. The system, has been integrated within the Bank’s IT infrastructure, hosted by B-Source, the leading Swiss service Provider in BPO (Business Process Outsourcing).
Urs Ruppli, Chief Operating Officer, at NBAD declared: “We were looking for a highly-user friendly software that we could implement in a very short timeframe. CREDOC proved an answer on both issues. Indeed, whatever transactions our users perform in the system, they always handle them using one same generic process, which makes their life much easier. Furthermore, the system went live in less than 3 months”.
Massimiliano Talento, Account Manager, at B-Source added: “The deadlines were very tight in this project. Therefore, the quality of cooperation between MIT and B-Source was crucial in order to meet the target set by the Bank”.
“We are delighted to work with NBAD, and are more than confident our technology will be a key element in helping the Bank develop its Trade Finance business in Switzerland”, said Paul Cohen Dumani, General Manager at MIT who added: “this new CREDOC installation also reinforces our existing co-operation with B-Source in the Swiss market”.
About NBAD Private Bank (Suisse) SA (www.nbadsuisse.ch)
A fully independent Swiss private bank reflecting Swiss private banking at its best, with an in-depth understanding of Arabian culture in the heart of Geneva. NBAD Private Bank (Suisse) SA is an independent and wholly owned subsidiary of the National Bank of Abu Dhabi Group (NBAD Group).
About B-Source (www.b-source.ch)
B-Source is the leading service provider in the sourcing of Business Process Outsourcing (BPO) and IT Operations Outsourcing (ITO) services to the wealth management industry. Its clients and target market include banks in Switzerland, the EU and their international affiliates. B-Source SA was founded in 1995. Today the company has offices and data centers in Lugano and Zurich. In addition the company has a representative office in St. Gallen.