Financial Objects has released a new private banking application.
The application, called activebank Orchestrate, is a reporting tool and front to back office integration tool. Once orders are generated in the front-office they are directly transformed into transactions and routed into the back-office system without the use of manual labour, says Financial Objects.
This new system – first developed for a European private bank – aims to reduce re-keying of data.
“Our new private banking interface has been built using activebank Orchestrate, a powerful data integration and workflow tool developed by Financial Objects,” says Peter Caddick, head of product strategy. “Orchestrate uses a service-oriented approach so that business processes can be re-used across applications, significantly reducing the overall development and implementation time.”
The interface combines activebank Wealth Manager, which supports private asset managers and institutional clients with portfolio construction, with isbis s2 Private Banking, a private client portfolio application.