Provider of front-office software solutions to the private banking industry, New Access Banking Software, has acquired the Ambit Private Banking business from FIS.
The Ambit Private Banking business is designed to help Swiss and international private banks build a strong competitive advantage, and the solution suite includes core banking, client management, analysis and control, market management, fund accounting and alternative investment solutions.
New Access is headquartered in Geneva and provides front-office solutions to private banks, including a portfolio management system, a document management system and a customer relationship management system.
The firm’s founder and chief executive, Alexis Sikorsky, commented: “The acquisition of the Ambit Private Banking solution will reinforce New Access’ global presence in the private banking software industry. New Access will be able to offer a highly competitive front-to-back office software solution allowing private banks to cover the entire functional coverage with only one provider.”
General manager of the Ambit Private Banking Business Vitus Rotzer, who becomes managing director responsible for business development of the combined group, said: “We are confident the addition of the Ambit Private Banking solution will benefit customers of both businesses through an enriched product and services offering, while brining a comprehensive, integrated solution to the private banking market.”