Partner institutions Incore and Sobaco, which specialize in outsourcing, were able to bring a Zurich private bank on board as a customer.

With Kaleido Private Bank, Incore Bank and Sobaco have gained an additional customer, according to a media release sent on Wednesday. The integration of the Zurich-based private bank is carried out as part of a full outsourcing: based on Finnova's banking software, Incore Bank and Sobaco offer technical and banking services from a single source.

Kaleido Private Bank (formerly known as AP Anlage & Privatbank) is a boutique bank in Zurich Seefeld. The firm is independent and provides personalized and comprehensive advice to high-net-worth private clients, entrepreneurs and family offices and intermediaries.

Completely Reinvented

Having previously limited outsourcing to software and its operation, Kaleido Private Bank has now opted for full outsourcing. Thanks to the merger of IT and business, the Swiss private bank has a complete range of bank- and order-specific end-to-end processes at its disposal for handling its banking transactions.

«The company completely reinvented and realigned itself within half a year. This process usually takes several years, but Kaleido managed it within a few months», enthuses Mark Dambacher, CEO of Incore Bank.