Bergos AG, a Swiss private bank, has successfully gone live with a new core banking system in partnership with FNZ, the global wealth management platform.
The solution, which was implemented in eight months, encompasses core banking and client data management applications, as well as a completely new e-banking platform.
The new e-banking capabilities include the native Bergos Mobile App, which allows customers to interact with the advisor, enter payments and trades, view account balances and documents.
Phase 1 of the project has been completed, with further enhancements planned for later in 2023 to improve the customer experience in private banking, advisory and asset management.
The partnership strengthens FNZ's expansion into Switzerland, its offering in the private banking sector and will allow FNZ to offer more comprehensive solutions to its customers.
31 January 2023, Zürich: Bergos AG, an independent Swiss private bank specialized in wealth management, is delighted to announce the successful go live of its new core banking solution in partnership with global wealth management platform, FNZ. The successful implementation of the core solution was delivered in eight months thanks to the close collaboration and partnership between both companies.
Through its new e-banking capabilities, Bergos clients can now access the Bergos Mobile App, where they can take advantage of a range of features that allow them to manage their finances on the go. The app is designed with user-friendliness in mind and has an intuitive interface that makes it easy for customers to navigate.
This launch marks the successful delivery of phase 1 of the project, with further improvements planned for later in 2023 including enhancements to the customer experience, with a focus on Private Banking, Advisory and Asset Management.
The new platform includes digital-first SaaS-based core banking and wealth management technology, infrastructure, and operational services. This will allow Bergos to better serve its customers by providing them with more convenient and efficient banking services, while also streamlining internal processes and improving overall efficiency.
After a comprehensive review of various vendors, Bergos selected FNZ to support its digital transformation and enhance its functional capabilities. The Swiss private bank decided to modernize its existing systems by choosing a fully integrated API-driven platform that is consistently focused on the digitalization of private banking specific processes.
Dr. Peter Raskin, CEO and Partner of Bergos, said: “The needs of our clients and the development of a long-term relationship are at the heart of Bergos. As a bank dedicated to human private banking, we want to draw on the potential of state-of-the-art digital solutions to best equip our teams with the tools they need so they can dedicate their time to their clients.”
Philippe Bongrand, CEO Switzerland FNZ, said: "We’re delighted to have supported Bergos in achieving this exciting milestone in their digital transformation journey. I'd like to congratulate both teams for their exceptional achievements in delivering this platform and we look forward to continuing our partnership together.”
Vincent Jeunet, Deputy Head Managing Director FNZ Switzerland & Private Banking, said: “The partnership highlights the strengths of both companies and opens up new opportunities for us to further develop our product range in private banking.”