BinckBank Professional Services and Syntel -a BinckBank subsidiary- will join forces and from now on operate under the new name Able. Able will be an autonomous company specialising in the field of designing, developing and processing software platforms for investing and saving. Able offers asset managers, banks, insurers and pension institutions a high degree of automation which allows them to systematically cut back their costs for these processes by up to 50%. The new autonomous company will operate in the Netherlands and Belgium and aims to expand into Europe in the longer term.
Pieter Aartsen, executive board member of BinckBank and CEO of Able:
'Owing to the social pressure on banks' and insurers' revenue model and the increase in new regulations, financial institutions have an urgent need for automation solutions they can deploy to systematically reduce and more tightly control the costs of their processes and systems. What makes Able unique in this field is that if circumstances at a customer change, the service concept can also be switched to ensure that its services continue to closely match its customer's need. Adding value for our partners is our mission.'
Bundling processing and software development, Able offers financial institutions the option to choose which product or service best matches their automation needs. Able provides both licensed software that a bank can use itself and BPO services. This is the other end of the spectrum, with Able taking on the full processes relating to investing and saving.
Able is also adding a new service concept, called Software as a Service (SaaS). With SaaS, both the hardware and the software are outsourced. The data centre, technical management of the platform, software development, test management and incident & issue management are provided by Able within the SaaS concept. Customers have scope for flexibility within this concept as they are able to set up and manage their own business processes. As a rule, this solution is 60% to 80% less expensive than customers' in-house solutions.
More information: www.able.eu
