Most of the mandates received during 2020 have focused on the implementation of the Swiss Laws and Ordinances on Financial Services and on Financial Service Providers.

We have supported Banks and Independent Asset Managers in the interpretation of the new regulatory framework, designing the target operating model and accompanying the companies along the implementation of new processes and applications, writing for them all the internal regulations to comply with the new legal requirements.

Leveraging on our knowledge and competence on MiFIDII, deepened during several projects in the period 2014-2018, we have also been able to service client Banks whose business model targets an international client base, proposing pragmatic approaches to adopt both legal frameworks, depending on clients domicile.

In parallel, we have been involved, as usual, in feasibility studies and cost / benefit analysis for the replacement or expansion of operating platforms, our core competence, with an eye to outsourcing options and pricing models, both for Banks and for large Asset Managers with an interest to become service providers, under the new Swiss Law on Financial Service Providers.

Some of the projects, successfully completed or in progress cross year:

PRIVATE BANKING: Analyse, design, and implement the Federal Laws on Financial Services, in combination with MiFIDII. Draft procedures, design and plan client data cleansing requirements, dialogue with the IT Service provider for the implementation of the application requirements.

PRIVATE BANKING: design and coordinate the dismissal of a standalone Client Personal Data Management system and the migration to a new, integrated Core Banking, with the adoption of a new Document Management tool, fully integrated to the Core System.

INDEPENDENT ASSET MANAGER: Analyse, design, and implement the Federal Laws on Financial Services supporting the Authorisation request process to FINMA and the adoption of the target IT Solutions (applications, infrastructure, Outsourcing agreements).

PRIVATE BANKING: Support the implementation of a new Client Data Model for two Banks in full Outsourcing on the Avaloq Platform.

PRIVATE BANKING: Improve key processes effectiveness in the IT area of a New Fintech bank, with particular focus on the design of the Vendor Management processes, IT Budget process, Project Portfolio Governance and Prioritisation