Indosuez Wealth Management, the global wealth management arm of Credit Agricole, has partnered with Capgemini to develop a new technology and banking operations platform for wealth managers and private banks.
The new proposition will incorporate Indosuez’s banking and regulatory knowledge and Capgemini’s IT expertise and will utilise the framework of S2i, a banking platform offered by Credit Agricole Private Banking Services (CA-PBS).
The launch of the new platform is in response to the increasing demand for wealth management banking technology solutions that according to a 2017 Boston Consulting Group report is predicted to grow more than 30% by 2020.
Indosuez CEO Paul de Leusse said: “This exciting new business will be focused on supporting the ongoing digital and operational transformation of leading wealth management firms worldwide, taking into account the regulatory complexities and high-quality transactional execution requirements facing the industry.
“This agreement is based on the complementary expertise of our two organisations as well as CA-PBS’s unique understanding of the sector gained from its 25-year history.”
Set up in 1992, CA-PBS currently services 30 private banks across 11 countries and oversees CHF150bn in assets.