The B-Source Master is an Avaloq-based banking application landscape and using the ASP (application service provisioning) model, Falcon Private Bank will outsource the operation of its banking platform and migrate it to the B-Source Master.

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Extensive expertise and long-standing experience in countries in addition to Switzerland were the reasons cited by the bank in choosing B-Source Master.

Banks in three locations, Switzerland, Hong Kong and Singapore have already migrated to the application and the process of migration has taken 15 months.

Orbium, the long-standing partner of B-Source is helping in the project implementation.

Currently, by outsourcing its banking platform, the bank will be able to focus on its strategic expansion in emerging markets.

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"The migration of Falcon Private Bank to the B-Source Master is a further success for us, and we are proud to count another renowned first-class Swiss private bank among our clients in the shape of Falcon Private Bank. B-Source’s long-standing experience with international private banks enabled us to successfully implement this challenging project in a very short time and to a high level of quality," says Markus Gröninger, CEO of B-Source AG.