One of the largest Trust groups, with offices in all the most important Financial Centres and a full range of services offered to target clients, wishes to improve the efficiency and effectiveness of its processes, looking for the advantages that new technologies can provide also to areas of business typically labour intensive.
The implementation of the group business strategy will rely on solutions flexible in terms of usability, essential and simple in terms of functionalities, tailor made in terms of available features.
The project is split in two phases:
• Identify the target solution (make vs buy).and select the Vendor / Partner for the implementation through a Request for Offer.
• Implement the solution and deploy it to all the group offices, including data migration from the existing IT application.
While the implementation is planned in 2019, we are working on the first phase. After the completion of business requirements collection, we have conducted a screening exercise of solutions available in the industry, looking at the existing software, in any country relevant for the Trust business, organizing demos and scoring the tools against the group requirements.
At present we are working closely with the group CEO and team to the selection of the Vendor for the development / integration project, starting from an agreed short list,
For Blue Wave Sourcing this mandate has been an important step to be acknowledged as a competent partner in the Financial Services industry beyond the traditional banking business, where we were mainly brought in since our foundation.