Global IT and business consulting firm Orbium today announced 30% year-on-year growth in staff for 2016, attributing this remarkable growth to the value and benefits its products and services bring to the financial services sector.
“Our core business is consulting on core banking transformation. It’s working with clients to help them find solutions in banking: serving their customers, building their business, making sure that they have more products coming through and being able to expand into new markets,” explains Zabeen Moser-Mawji, Partner at Orbium.
Orbium was founded 10 years ago and has made a name for itself in the banking industry through its software implementations with Avaloq. It is one of Avaloq’s Premium Implementation Partners with more than 40 successful projects under its belt and continues to win new clients among the world’s largest banks.
Says Francisco Fernandez, Avaloq CEO: “Orbium are entrepreneurs like us. They have a similar DNA. It’s a very symbiotic relationship. We need them to get our software deployed and adopted as there are only a few groups that can really manage that and master that complexity in time and budget and be reliable.”
Orbium’s growth also comes from its continued diversification of its offer including business consulting, change management, training and the development of proprietary software.
One of its most important products to date is FinCube – a sophisticated data warehouse and management information system. The software comes with powerful detailed analytics to improve strategic planning and has been well received by clients.
Says Christian Veit, CEO Nord LB: “FinCube will help us centralise and automate data collection and the validation process. And we will get direct access to the single point of truth. We will save time and money. We will get decisions quicker and they will be of a higher quality.”
The different business streams have enabled Orbium to grow fast, opening four new offices in 2014 alone. The company now has a presence in Switzerland, Luxembourg, the UK, Germany, France and Asia, employing more than 400 staff and is on a continuous recruitment drive to find the right people to join its winning team.
The Avaloq group is an international leader in integrated and comprehensive solutions for wealth management, and universal and retail banks. It has a reputation for the highest standards in engineering excellence, is passionate about innovation and invests more in R&D than any other provider for the financial industry. The company’s meticulous and uncompromising attention to detail has enabled it to achieve a unique 100% success rate in its implementation of banking solutions around the world. The entire Avaloq Banking Suite is consistently designed throughout and delivers unique business benefits to its users as well as strong technical performance. Avaloq is the only independent provider for the financial industry to both develop and operate its own software. Business process and IT outsourcing solutions are offered from Avaloq’s BPO centres in Switzerland, Germany and Singapore. The company employs more than 1,800 highly qualified banking and IT specialists and has a global customer base of more than 140 financial institutions in over 20 countries worldwide, including tier one banks in the most demanding financial centres. Headquartered in Switzerland, Avaloq has branches in Berlin, Frankfurt, Geneva, Hong Kong, Leipzig, London, Luxembourg, Paris, Singapore, Sydney and Zurich. It has development centres in Zurich, Edinburgh and Manila.
In the UK, Avaloq’s recent milestones include the extension of the Edinburgh R&D centre and the 2015 Private Banker International Award in the category ‘Outstanding Wealth Management Technology Provider’.
With total assets of €182 billion, NORD/LB, Norddeutsche Landesbank, is a leading German business bank. Its core business segments include structured financing in the energy and infrastructure sector, ship and aircraft financing, corporate customer business, commercial real-estate financing, capital market business and private and commercial customers. The bank’s headquarters are in Hanover, Braunschweig and Magdeburg with branches in Düsseldorf, Hamburg, Munich, Schwerin and Stuttgart. NORD/LB is represented outside of Germany by a Pfandbriefbank (NORD/LB Covered Bond Bank) in Luxembourg, with branches in London, New York, Singapore and Shanghai.
Orbium is a leading IT and business consulting firm specialising in the financial services industry. Orbium seamlessly integrates clients’ business and organisational strategies with IT implementations helping them achieve a higher return on investments. The company also leads and delivers complex projects to support top-tier banks and wealth managers around the world with business transformation programmes. As an Avaloq Premium Implementation Partner with more than 400 people and 12 offices in Europe and Asia Pacific, Orbium prides itself on an excellent track record based on high-quality and successful project completion.