To offer a flawless client and employee experience, it is important to deliver a single, highly integrated frontend solution capable of serving all business requirements instead of fragmented and poorly scalable applications. In fact, private banks will soon focus on dedicated business services as a one-stop solution providing them with quick market entry, low and variable prices, and sophisticated business features, allowing for generating added value and making a unique offer to the market by bundling refined services.
Arena Banking Suite (ABS) is the leading European wealth management platform for private banks, independent asset managers, family offices and institutions. Designing this kind of an advanced platform and implementing the standard private banking features is a lengthy exercise that took ABS more than ten years of collaboration with leading private banks to build a complete, regulatory-compliant solution used in eight European countries. Today, the company provides its partners with a comprehensive, fully integrated, digital frontend solution for wealth management, encompassing eight functional building blocks: client management, portfolio management, legally compliant advice, compliance management, omni-channel communication, client services, transactional banking, and business intelligence.
“Our platform allows quick onboarding of new services and tightly integrating them with existing ones to create an unmatched service offering while at the same time guaranteeing compliance and operational integrity,” says Ralf Bohnstedt, CEO, ABS.
Our comprehensive platform together with our service desk enables clients to continue their digital roadmap and create an USP in the market as well as an additional revenue generator - in a way that we believe is unparalleled in the market
Moreover, ABS offers cost-effectiveness and operational excellence due to its high automation level, focusing on easily customisable business processes. These, as of now, 14 dedicated business processes, act as a basis for a comprehensive wealth management solution.
The highly standardised platforms of global banks, across their multiple branches, need to support growth but lack the ability to service local markets with tailored solutions and to provide an efficient digital platform in different countries. Here, ABS offers its highly customizable digital platform to banks,institutions and external asset managers as an on-premises or cloud-based solution, in combination with its managed service or as Software as a Service (SaaS).
“Our comprehensive platform together with our service desk enables clients to continue their digital roadmap and create an USP in the market as well as an additional revenue generator - in a way that we believe is unparalleled in the market,” says Bohnstedt. Today, ABS is holding more than 36 billion EUR assets on the platform, with the clear goal to extend this number to 100 bil. EUR within the next five years.