Odyssey Financial Technologies has announced that First Securities, a subsidiary of Swedbank, has selected the Odyssey wealth management solution for its new venture, First Private Banking.
First Private Banking is implementing all the components of Odyssey’s wealth management solution including the relationship management and portfolio management workstations. The integrated workstations will support First Private Banking’s comprehensive range of private banking services for clients primarily in the Norwegian market. These include asset management and diversification strategies, pension planning, income and wealth protection, inheritance and generation transitions, and tax management.
The Odyssey wealth management solution eliminates routine administrative processes and facilitates regulatory compliance, allowing investment professionals to focus on value-added services and attract and retain clients. The system seamlessly integrates with existing or third-party applications and is accessed through a sophisticated browser-based web user interface.