ATHENS – January 13th, 2009 – FINVENT S.A., leading provider of software and solutions for the investment management industry in Greece, South and Eastern Europe, today announces the completion of Alpha Bank’s upgrade into the new, straight-through-processing, Finvent Investment Platform (FIP).
Alpha Bank has been a Finvent client since 2001, with its Private Wealth Management and Asset Management units using Advent Office® to cover their portfolio and trade order management needs. On May 2008 the two organizations renewed their contract with Alpha Bank migrating to the newest solutions of Finvent. The project was completed on time, by Finvent’s local experienced certified consultants.
With this project taking place in a crucial period for the financial market, the bank will benefit from an increase of performance in the sectors of Private Banking and Mutual Funds. In addition, operational and institutional risks will be reduced, while consolidating disparate client databases, gaining enhanced security and improved CRM capabilities and accommodating current and future growth.
About Alpha Bank
Alpha Bank, founded in 1879, is one of the largest banks in Greece. With more than 900 Branches, Alpha Bank Group is also active in the international banking market, with presence in Cyprus and South-eastern Europe as well as in New York, London and Jersey in the Channel Islands.
About Finvent SA
Finvent established in 2001, provides reliable, mission-critical Consulting Services and renowned software solutions to Investment Management organizations in South and Eastern Europe, Middle East and Africa. Whether you are a global asset organization or a family office, Finvent’s internationally proven experience, software solutions and associated services have shown to optimize efficiency and automation, reduce risk and free managers to focus on what they do best. With more than 60 client firms in 14 countries, Finvent has distinguished itself as a leading provider of trusted applications, related professional and custom engineering services, as well as consulting services to Wealth Managers, Private Bankers, Asset Managers, Fund Managers, Investment Advisors and Family Offices.