As planned, BinckBank has successfully completed the migration of Binck France to its European base platform. As a result the French clients also have access to a number of new features such as trading application Binck360 and the mobile app for iOS and Android.
With the completion of this migration, the activities of all countries are operational on the same ICT platform. This was an extensive operation that fits within the strategic objective of operational excellence. In the realization the European base platform and the central back office are important starting points. By operating from a single ICT-infrastructure the time-to-market of new products and services for the introduction in the various countries can be accelerated.
Improving our services and achieving a structurally lower cost base underlies the decision to operate all services on one central ICT-based platform. This brings significant synergy benefits. In this context, the next and final step is the planned migration of services to Private Wealth Management business (ZV) in 2017 and the phasing out of services to BPO clients. This program is part of the rationalisation of the cost basis on the longer term in realising the cost-income ratio at a maximum of 65%.
