GENEVA--(BUSINESS WIRE)--New Access Banking Software, a global provider of critical front-office software solutions to the private banking industry, announced today the acquisition of the Ambit Private Banking business from FIS™. The Ambit Private Banking business, provides a comprehensive suite of software solutions, including Apsys and CIM, designed to help Swiss and international private banks to build a strong competitive advantage. The solution suite includes core banking, client management, analysis and control, market management, fund accounting and alternative investments solutions.
New Access, which is headquartered in Geneva, Switzerland, provides front-office solutions to private banks, including a portfolio management system, a document management system, and a customer relationship management system. "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. This integrated solution is easy to implement and maintain, cost effective compared to outsourcing providers, and will allow banks to retain full control over their back-office operations," declared Alexis Sikorsky, founder and CEO of New Access.
This transaction will create significant commercial synergies between New Access and Ambit Private Banking solutions. It will also allow the group to further invest in R&D to develop software solutions adapted to the private banking market shaped by disruptive technologies, and tightening regulatory requirements. "New Access’ solutions are aimed at turning these challenges into opportunities, and getting tangible benefits for their customers," said Vitus Rotzer, General Manager of the Ambit Private Banking business, who becomes Managing Director responsible for business development of the combined group. “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 bringing a comprehensive, integrated solution to the private banking market.”
About New Access
Since 2001, New Access provides agile and scalable front-office software solutions dedicated to the Private Banking and Wealth Management industries. The product offering of New Access includes Equalizer, a portfolio management and order management system, Logical Access, a document management system allowing private banks to store and process highly confidential information, and Branch, a customer relationship management system allowing bankers to improve customer-related workflows. New Access software solutions are designed to meet the specific requirements of the private banking and wealth management industries evolving in a complex and changing regulatory environment and to help bankers to connect conveniently and efficiently with their clients thanks to new digital channels.
Headquartered in Geneva, New Access employs 70 people in Switzerland, Singapore and Brazil, and has already successfully installed its solutions in over 120 banks’ sites in 20 countries.