Banking

Investec: Investec Uses Customised System to Double Revenue Without Increasing Support Staff

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Executive Summary

Investec Bank (Channel Islands) - a specialist provider of offshore private banking services - wanted to improve its core banking technology and manage its growing intermediary business more effectively. Vega Solutions replaced the bank's previous banking system with a customised banking solution called Vision Online, based on Microsoft SQL Server and Microsoft BizTalk Server. Investec has doubled its revenue since 2004 without needing any extra back-office staff since the software went live. In the meantime, Vega Solutions has provided further enhancements. This has included integration with the Society for Worldwide Interbank Financial Telecommunication (SWIFT) network using Microsoft BizTalk Accelerator for SWIFT, and online banking giving customers straight-through processing for payments.

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